QSA Estimates GDP in Q2 of 2012 at QR 173.36 Billion

Doha, September 29 (QNA) – Qatar Statistics Authority (QSA) has said that the quarterly GDP in the Q2 of 2012 at current prices is estimated at 173.36 billion Qatari Riyal. This represents an increase of 11.9% compared to the estimate of Q2 of 2011 placed at 154.95 billion Qatari Riyal. When compared to previous quarter Q1 of 2012 Revised estimates (based on the updated data since the release of Q1, 2012 in July, 2012) of 175.38 billion Qatari Riyal, there is a drop of 1.1%.
The QSA released today the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the Second quarter (Q2) of 2012. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies.
While the Oil and Gas Sector in Q2, 2012 shows an increase of 8.2%, Manufacturing, Construction, Transport, Government Sectors have given a double digit push to the nominal GDP of the country, QSA release said.
“Mining and Quarrying Sector”: The Gross Value Added (GVA) estimate of this sector in the Q2, 2012 is 96.81 billion Qatari Riyal, which shows an increase of 8.2% over the estimate of Q2, 2011 placed at 89.49 billion Qatari Riyal. However, with respect to the estimate of Q1, 2012, it shows a drop of 6.4%, primarily due the fall in international prices of crude oil and other associated products.
“Non-Mining and Quarrying Sectors”: The GVA of these sectors in the Q2, 2012  has been estimated at 76.55 billion Qatari Riyal, which shows an increase of 16.9% over the estimate of Q2, 2011 placed at 65.46 billion Qatari Riyal.
In the “non-mining and quarrying” group, an analysis by industry group, comparing the performance in Q2 of 2012 with the corresponding quarter in 2011  Year-on-Year Basis  and with the first quarter (Q1) of 2012 is given in the following paragraphs. Readers are cautioned to keep the seasonality factor in view, while comparing the estimates with the previous quarter of 2012.
The GVA of “Manufacturing” sector is estimated at 19.40 billion Qatari Riyal in Q2 of 2012 showing rise of 14.6% over the corresponding quarter (Q2) of 2011  16.93 billion Qatari Riyal . Compared to the previous quarter (Q1 of 2012), there has been an increase of 5.4% in the GVA of this sector. The positive growth rate in this sector has resulted from the reported almost capacity production by Aluminium and Gas to liquids (GTL) producers.
The GVA of the “Construction” sector at 7.14 billion Qatari Riyal in Q2 of 2012 shows a rise of 17% when compared to the corresponding quarter (Q2) of 2011 estimate of 6.10 billion Qatari Riyal. The surge in this sector has been consolidated further showing an increase of 9.6% in Q1, 2012.
The GVA of the “Trade, Hotel and Restaurants” sector is estimated at 10.03 billion Qatari Riyal in Q2 of 2012 registering an increase of 10.6% over the corresponding quarter of 2011  9.07 billion Qatari Riyal in Q2 of 2011 . Compared to the previous quarter (Q1 of 2012), there has been an increase of 9.4% in the GVA estimate of this sector.
The “Transport and Communication” sector generated a value added of 6.28 billion Qatari Riyal in Q2, 2012 against 5.42 billion Qatari Riyal in Q2, 2011 showing a rise of 16%. Compared to the previous quarter, Q1 of 2012, an increase of 14.2% has been noticed in this group.
For “Finance, Insurance, Real Estate & Business Services”, the GVA is estimated at 17.85 billion Qatari Riyal in Q2 of 2012, showing an increase of 6.2% when compared to the corresponding quarter (Q2) estimate of 16.80 billion Qatari Riyal in 2011. Compared to the previous quarter, Q1 of 2012, an increase of 6.5% has been recorded in this group.
The contribution of the “Government Services” which includes the provision of public health, education and other miscellaneous services is estimated at 14.81 billion Qatari Riyal in Q2 of 2012, which is 39% higher than the estimate  10.66 billion Qatari Riyal  of Q2 of 2011.
The quarterly GDP in the Q2 of 2012, at constant prices is estimated at 84.88 billion Qatari Riyal which shows an increase of 5.0% compared to the revised estimate of Q2 of 2011 at  80.85 billion Qatari Riyal. However, compared to the previous quarter  Q1 of 2012  estimate of 82.84 billion Qatari Riyal, there has been an increase of 2.5%.
“Mining and Quarrying Sector”: The constant price GVA of this sector in Q2, 2012 has been estimated at 36.86 billion Qatari Riyal, which shows an increase of 0.8% over the estimate of Q2, 2011 placed at 36.58 billion Qatari Riyal.
“Non-Mining and Quarrying Sectors”: The GVA estimate of these sectors in Q2, 2012 totaled to 48.04 billion Qatari Riyal, which shows an increase of 8.5% over the estimate of Q2, 2011 placed at 44.27 billion Qatari Riyal. Details of the sectoral level preliminary GVA estimates in Q2, 2012 over the previous quarter in 2011 are available in the Table-2 of the Press Release.
The GVA of “Manufacturing” sector is estimated at 8.20 billion Qatari Riyal in Q2, 2012 showing an increase of 8.0% over the corresponding quarter (Q2) of 2011  7.59 billion Qatari Riyal . Compared to the previous quarter (Q1 of 2012), the increase of 6.0% has been registered in the revised (reasons mentioned in the nominal GDP discussion above) GVA estimate of this sector.
The GVA of the “Construction” sector at 8.29 billion Qatari Riyal in Q2 of 2012 has recorded an increase of 10.0% when compared to the revised (due to updated price deflators) estimate of 7.54 billion Qatari Riyal in Q2 of 2011, showing. The construction activity in Q2, 2012 shows a rise of 1.7% when compared to Q1, 2012 estimates.
The GVA of the “Trade, Hotel and Restaurants” sector is estimated at 6.75 billion Qatari Riyal in Q2 of 2012 registering an increase of 4.1% over the corresponding quarter of 2011 6.48 billion Qatari Riyal in Q2 of 2011 . Compared with the previous quarter (Q1 of 2012), there has been an increase of 3.8%.
The “Transport and Communication” sector has generated a value added of 6.17 billion Qatari Riyal in Q2, 2012 against 5.23 billion Qatari Riyal in Q2, 2011 showing a rise of 18.0%. Compared to the previous quarter (Q1 of 2011) the GVA estimate is up by 11.7%.
For “Finance, Insurance, Real Estate & Business Services”, the GVA is estimated at 9.72 billion Qatari Riyal in Q2 of 2012, showing an increase of 12.0% when compared to the corresponding quarter (Q2) estimate of 8.68 billion Qatari Riyal in 2011. Compared to the previous quarter, Q1 of 2011, the GVA of this group shows a rise of 10.2%.
The contribution of the “Government Services” is estimated at 8.36 billion Qatari Riyal in Q2 of 2012, which is 1.6% higher than the estimate of Q2 of 2011. (END)

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