The General Secretariat for Development Planning (GSDP) released today, 23
December, Qatar Economic Outlook (QEO) 2012–2013 Update. This first QEO Update
sees strong growth of real gross domestic product (GDP) of 6.3% in 2012, a
marginal upward revision on GSDP’s estimate made in June 2012’s main QEO. GSDP
now pegs nominal GDP growth at 14.7% in 2012, with elevated oil prices lifting
the estimate by over 3 percentage points from the June forecast. The outlook for
2013, too, remains bright and GSDP has revised up its forecast for GDP growth to
4.8%, anticipating robust growth in the non-oil and gas sector.
