Qatari Economy Recorded a Growth of 6.3 percent

  • Doha, State of Qatar
  • 3 October 2022
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The Qatari economy recorded real growth, at constant prices, of 6.3 percent during the second quarter of this year on an annual basis compared to the same period last year.

Data issued by the Planning and Statistics Authority showed an increase in GDP at constant prices to about 171.97 billion riyals in the second quarter of this year, compared to the same period last year, when it reached 161.71 billion riyals, which resulted in a growth of 6.3 percent.

The figures showed a growth of 3.6 percent, compared to the first quarter of the current year 2022, in which the gross domestic product reached the level of 165.93 billion riyals.

The gross domestic product at current - nominal prices jumped by 40.7 percent on an annual basis, rising to 219.87 billion riyals in the second quarter of this year, compared to the second quarter of last year, which amounted to 156.29 billion riyals. While it recorded a growth of 11.5 percent, compared to the first quarter of 2022, which amounted to 197.17 billion riyals.

Source (Al-Raya Qatari Newspaper, Edited)

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