The Planning and Statistics Authority (PSA) have released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the second quarter (Q2) of 2019. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies. The estimates for the first quarter of 2019 have been revised with the latest available data.
• Gross Domestic Product at current prices (Nominal GDP) decrease by 3.9% in the second quarter of 2019 over the second quarter of 2018.
• Quarterly Gross Domestic Product at constant prices (Real GDP, 2013=100) decrease by 1.4% year-on-year.
Second Quarter 2019
Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q2 of 2019 is estimated at QR 163.45 billion. This represents a decrease of 3.9% compared to the estimate of Q2 of 2018 placed at QR 170.14 billion. When compared to previous quarter (Q1 of 2019) revised estimate of QR 168.14 billion, a decrease of 2.8% is recorded.
The quarterly GDP at constant prices (2013=100) in Q2 of 2019 (QR 200.21 billion) shows a decrease of 1.4% compared to the estimate of Q2 of 2018 (QR 203.14 billion). However, compared to Q1 of 2019 revised estimate of QR 202.12 billion a decrease of 0.9% is recorded.
Mining and Quarrying activities.
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 56.35 billion in Q2 2019, which shows a decrease of 9.5% over the estimate of Q2 2018 placed at QR 62.25 billion. Compared to the previous quarter (Q1 of 2019) revised estimate, there has been a decrease of 6.7% in the GVA of this sector.
The real GVA of these activities in Q2 2019 is estimated at QR 95.28 billion, which shows a decrease of 1.9% over the estimate of Q2 2018 (QR 97.09 billion). However, compared to Q1 2019 revised estimate, there has been a decrease of 1.7% in the real GVA of this sector.
Non-Mining and Quarrying activities
The nominal GVA estimate of Non-Mining and Quarrying activities is estimated at QR 107.10 billion in Q2 2019, which shows a decrease of 0.7% over the estimate of Q2 2018 (QR 107.90 billion). Compared to the previous quarter (Q1 of 2019) revised estimate, a decrease of 0.6% has been recorded.
The real GVA of these activities totaled QR 104.93 billion in Q2 2019, which shows a decrease of 1.1% over the corresponding quarter in 2018 (QR 106.06 billion). However, compared to Q1 2019 revised estimate, the real GVA of Non-Mining and Quarrying activities has decreased by 0.3%.
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