Qatar GDP Growth Slows Marginally To 6% In Q2

GDP rose 0.6 per cent from the first quarter, according to the Ministry of Planning and Statistics.



Qatar’s real growth in gross domestic product slowed slightly to six per cent year-on-year in the second quarter of 2013 from 6.2 per cent in the first, dampened by a drop in global oil prices, data showed on Sunday.

GDP rose 0.6 per cent from the first quarter, according to the Ministry of Planning and Statistics.

Output of the mining and quarrying sector, which includes oil and gas production and accounts for more than 40 per cent of GDP, rose only one per cent from a year earlier.

Most other areas expanded much faster, with the financial and real estate sector growing 15.4 per cent and the construction sector growing 11.4 per cent as Qatar pushed forward billions of dollars worth of infrastructure projects.