Qatar GDP Annual Growth Rate

Last Release

Sep 30, 2022

Actual

4.3

Units In

6.3

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
32.9 Mar 2010	-17.2 Mar 2019	4.35 %	2009-2022	Qatar Statistics Authority

As Qatar has vast oil and natural gas reserves, mining is the main driver of the economy, contributing 58 percent of GDP. The second biggest sector is Services which accounts for 28 percent of total output. Within services the most important segments are: finance, insurance, real estate and business services (12 percent); government services (7 percent) and trade, restaurants and hotels (6 percent). The remaining 14 percent is contributed by manufacturing and construction.

Latest Updates

Qatar’s economy expanded by 3.7% year-on-year in the first quarter of 2025, following a 6.1% increase in the previous period. The sustained momentum was supported by a 5.3% rise in the non-hydrocarbon economy, driven by gains in manufacturing (+5.6%), construction (+4.4%), real estate (+7.0%), and wholesale and retail trade (+14.6%). Smaller sectors also saw strong growth, including accommodation and food services (+13.8%) and transport and storage (+3.5%), reflecting broad-based expansion and sustained tourism activity. This consistent growth highlights the success of state policies and reforms in strengthening the business environment and supporting private sector opportunities. It also reflects the strong commitment of both the public and private sectors to drive growth through the Third National Development Strategy, aligned with Qatar’s National Vision 2030. On a quarterly basis, the GDP grew 0.3% compared to the prior period.