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Qatar's GDP at Current Prices Reaches QR 45 Billion During First Quarter, 2007

The Statistics Department of the Planning Council's General Secretariat released prelimina ry estimates of Qat ar's Gros s Domestic Product (GDP)at current prices by kind of economic activity for the fi rst quarter,January/March 2007.Estimates indicate that the GDP reache d QR 44.7 Billion.Mining and Quarrying Sector (which comprises extraction of oil and gas)is still the biggest shareholder to the GDP with a relative importance of 54%during that period.

Other activities achieved positive growth rates as a result of the remarkable increase in their va lue added.Government Services activity came on top in terms of relative importance since its contribution was 12.4%with a va lue of QR 5.5 Billion.In the second place comes Finance,Insurance,Real Estate and Business Services Sector with a share of 9.52%and a value of QR 4.3 Billion.

Thirdly,comes manufacturing Sector (which comprises products of refined petroleum,chemical materials, iron and steel and the manufacturi ng industries with a share of 8.41%and a value of QR 3.8 Billion By excluding Mining and Quarrying activities (which comprises extraction of oil and gas)the GDP comes to QR 20.5 Billion i.e.46%of the gross domestic product at current prices.This can be attributed to the fact that the Qatari economy is moving towards diversification of the GDP sources.

Reviewing estimates of non-oil activities,we will find that government services comes on top in terms of relative importance with a share of 27%,followed by Finance,Insurance,Real Estate and Business Services with a share of 20.1%, Manufacturing Industries with a share of 18.4%,and ranking
fourth is Building and Constructi on activities with a share of 13.9%

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