The Planning and Statistics Authority (PSA) have released the preliminary estimates of gross domestic product (GDP) at current and constant prices (2018=100) for the fourth quarter (Q4) of 2022. The estimates have been produced with data collected through the Quarterly Economic Indicator Survey and from other source agencies.
This press release presents the estimates of GDP for the fourth quarter of 2022 and compares it to the GDP estimates for the fourth quarter of 2021 and the revised estimates for the third quarter of 2022.
HIGHLIGHTS
- Gross domestic product at current prices (nominal GDP) increased by 26.2% in the fourth quarter of 2022 over the fourth quarter of 2021.
- Gross domestic product at constant prices (real GDP, 2018=100) increased by 8.0% in the fourth quarter of 2022, year on year.
- Gross value added at constant 2018 prices for Mining and Quarrying activities increased by 4.8% in the fourth quarter of 2022 compared to the same quarter in 2021.
- Gross value added at constant 2018 prices for Non-Mining and Quarrying activities increased by 9.9% in the fourth quarter of 2022, year on year.
fourth Quarter 2022 Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q4 of 2022 is estimated at QR 220.43 billion. This represents an increase of 26.2% compared to the estimate of Q4 of 2021 placed at QR 174.65 billion. When compared to previous quarter (Q3) of 2022 revised estimate of QR 229.69 billion, a decrease of 4.0% is recorded.
The quarterly GDP at constant prices (2018=100) shows an increase of 8.0% in Q4 of 2022 (QR 179.99 billion) compared to the estimate of Q4 of 2021 (QR 166.68 billion). When compared to Q3 of 2022 revised estimate (QR 175.32 billion), an increase of 2.7% is also recorded.
Mining and Quarrying Activities
The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR 91.25 billion in Q4 2022, which shows an increase of 43.4% over the estimate of Q4 2021 placed at QR 63.64 billion. Compared to the previous quarter Q3 2022 revised estimate (QR 106.76 billion), a decrease of 14.5% in the GVA of this sector is recorded.
The real GVA of these activities is estimated at QR 64.18 billion in Q4 2022, which shows an increase of 4.8% compared to the estimate of Q4 2021 (QR 61.25 billion). Compared to Q3 2022 revised estimate (QR 64.37 billion), a decrease of 0.3% in the real GVA of this sector is also recorded.
Non-Mining and Quarrying Activities
The nominal GVA of Non-Mining and Quarrying activities is estimated at QR 129.18 billion in Q4 2022, which shows an increase of 16.4% over the estimate of Q4 2021 (QR 111.01 billion). Compared to the previous quarter Q3 2022 revised estimate (QR 122.93 billion), an increase of 5.1% is recorded.
The real GVA of Non-Mining and Quarrying activities is estimated at QR 115.81 billion in Q4 2022, which shows an increase of 9.9% over the estimate of the Q4 2021 (QR 105.43 billion). When compared to Q3 2022 revised estimate (QR 110.95 billion), an increase of 4.4% is also recorded.
