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Data Provided by the General Secretariat of the Planning Council indicates that the economy of Qatar has achieved a remarkable growth during the year 2005 in various economic activities, with varying rates. In comparison with 2004 estimates, the Gross Domestic Product (GDP) in 2005 has achieved a growth rate of 33.3% (rising from 115 billions Qatari riyals to 153.3 billions Qatari riyals). This rise is mainly due to the increase in the value added of oil and gas sector, which jumped from 63 billions Q.R. to nearly 92 billions Q.R., with a growth rate of 46.3% during 2005
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The Sectors of oil and gas, construction, financial services and real estate has headed the list of economic activities in achieving remarkable growth rates during 2005 in comparison with 2004. These sector achieved growth rates of 46.3% , 36.1% and 39.3% respectively. That was due to the continuous increase of oil prices in the international markets and the booming in the activities of construction, real estate and financial services.
By reviewing the relative importance of the economic activities of
the GDP structure, it will be noted that oil and gas sector is still
possessing a high relative importance in the Qatari GDP structure,
reaching approximately 60% during 2005, in comparison to 55% in
2004, followed by financial services and real estate activity
(8.9%), manufacturing sector (8.5%), government services (8%) and
construction (6%). The rest is distributed among the remaining
economic activities . The increase in the relative importance of the
oil and gas sector was due to the continuous rise of oil prices in
the international markets.
Comparing the relative importance of economic activities prevailing
in 2004 with those during 2005, it is apparent that there are
certain sectors which has achieved an increase. These are: Mining
(oil and gas), electricity and water, construction, communications,
banks, insurance and financial intermediation services. On the other
hand, the relative importance of agriculture and hunting,
manufacturing, wholesale and retail trade, hotels and restaurants,
road and air transport, real estate and business services as well as
social services had witnessed a decrease
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