| |
|
 |
Data released by the Statistics Department, General Secretariat of the Planning Council, regarding estimates of gross domestic product (GDP) during second quarter of 2006, indicates that GDP grew by 6.1% during second quarter of 2006, in comparison with the first quarter of 2006, reaching QR 48.0 billion, compared to QR 45.3 billion during first quarter i.e. increase of approximately QR 2.7 billion.
|
|
| |
|
Reviewing economic activities during second quarter of 2006, Mining and Quarrying (including extraction of Oil and Gas) is the leading sector, contributing approximately QR 30.0 billion, a relative importance of 63.1% of total GDP during the second quarter of 2006, followed by Finance, Insurance, Real Estate & Business Services (8.1%), Manufacturing (7.2%) and Construction (5.3%).
Comparing GDP estimates during second quarter, 2006 with those of the same period of 2005, it becomes clear that GDP grew from approximately QR 36.7 billion, in 2005 to QR 48.0 billions in 2006, achieving a remarkable growth of 31%. This is mainly due to the growth in the Oil and Gas sector (at a rate of 40%), followed by the Construction sector (at a rate of 19.2%), Finance, Insurance, Real Estate & Business Services sector (at a rate of 15.5%), Trade, Restaurants and Hotels sector (at a rate of 12.3%) and Electricity & Water sector (with a rate of 10.1%) .
|
|
