Qatar’s economy grows 4% in Q2, boosted by non-hydrocarbon activities

Qatar’s economy grew 4 per cent year-on-year in the second quarter, according to official preliminary estimates, fuelled mainly by the non-hydrocarbon sector.

On a quarterly basis, however, gross domestic product (GDP) based on constant prices decreased 0.3 per cent, the Gulf state’s statistics authority said on Sunday. Mining and quarrying GDP expanded 0.7 per cent year-on-year in the second quarter, while non-mining and quarrying activities posted a 6.2 per cent growth.

Accommodation and food service activities saw the biggest annual jump, growing 41 per cent, reflecting the low base last year because of coronavirus-related restrictions. Transportation and storage activities followed, with a 26.9 per cent growth, while manufacturing grew 13.4 per cent.