Qatar's GDP Rises 1 Percent

  • Doha, State of Qatar
  • 29 November 2023
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Qatar's real GDP (at constant prices) rose one percent year-on-year in the second quarter.

The Planning and Statistics Authority revealed that the real GDP estimate reached about 170.1 billion riyals ($ 46.70 billion) in the second quarter, compared to 168.5 billion riyals in the estimates for the same quarter last year. Gross domestic product rose 0.5 percent from the first quarter.

Qatar's trade balance surplus fell 24.2 percent year-on-year in October to 19 billion riyals. The value of exports, including re-exports, fell 23.5 percent to 29.1 billion riyals in October compared to the same month in 2022 and fell 0.7 percent month-on-month.

Source (Al-Arabiya.net Website, Edited)

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