The Qatari economy recorded real growth (at constant prices) of 0.8 percent during the second quarter of this year, compared to estimates for the second quarter of last year.
Data from the National Statistics Center of the National Planning Council issued today showed that the GDP estimates for the second quarter of 2024 at constant prices reached about 177 billion riyals, compared to 175.6 billion riyals in the revised second quarter estimates for the year 2023, indicating an increase of 1 percent compared to the revised estimates. For the first quarter of 2024, amounting to 175.25 billion riyals.
The center added that estimates of gross domestic product at current prices amounted to about 194.25 billion riyals in the second quarter of this year, compared to 192.84 billion riyals for the same period last year, an increase of 0.7 percent, and compared to the revised estimates for the first quarter of the current year, amounting to 192.46 billion riyals, there was an increase. GDP by 0.9 percent.
Estimates of the value added at current prices for mining and quarrying activities in the second quarter of this year amounted to about 72.83 billion riyals, recording a decrease of 1 percent compared to the revised estimates for the same period last year, which amounted to 73.59 billion riyals, and compared to the estimates for the previous quarter, which amounted to 75.4 billion riyals. Riyals, there was a decrease of 3.4 percent in the total value added at current prices for this sector.
In the same context, estimates of the value added at fixed prices for mining and quarrying activities amounted to 63.14 billion riyals during the second quarter of 2024, and when compared with estimates for the same quarter of 2023 amounting to 64.83 billion riyals, the activity witnessed a decrease of 2.6 percent, and compared to the estimates that were reviewed for the quarter. The first of 2024, which amounted to 65.4 billion riyals, a decrease of 3.5 percent of the total value added was recorded. at fixed prices for this sector.
