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16 Dec 2007 |
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Qatar GDP reaches QR 51 billion during the third quarter, 2007 |
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Qatar Statistics Authority released preliminary estimates of Qatar Gross Domestic Product (GDP) at current prices by economic activity for the third quarter, July/September 2007.Estimates indicated that GDP reached QR 54.0 Billion, compared to QR 48.0 Billion during corresponding quarter, July/September 2006, with a growth rate of 12.45 % while it reached QR 50.7 Billion during the preceding quarter, April /June 2007, with a growth rate of 6.49 %.
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The
increase in growth rate due to the increase in oil prices during
this quarter (July/ September 2007) with the increase in growth
rates of most other economic activities. The contribution of Mining
and Quarrying sector (which comprises extraction of oil and gas )
grew from 61.2 % during preceding quarter, April /June 2007, with a
value of QR 31.8 Billion, to 61.8 % in second quarter, July/
September 2007, with a value of QR 33.4 Billion.
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The
majority of other non-oil activities achieved increases in growth
rates during the same period as a result of the increase in their
value added. Government Services, came on top in terms of relative
importance among non-oil sectors, where its contribution was 9.2 %
with a value of QR 4.9 Billion, followed by Finance, Insurance, Real
Estate and Business Services, with a contribution of 8.2 % and a
value of QR 4.4 Billion. In third place comes Manufacturing
Industries with a contribution of 7.2 % and a value of QR 3.9
Billion.
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Qatar
Gross Domestic Product (GDP) - Third quarter:
click here |
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