Qatar’s economy grows 4% in the second quarter of 2021

Ahmed Hatem / Anatolia

Official data reported, Thursday, that the gross domestic product of the State of Qatar in the second quarter of 2021 grew by 4 percent, on an annual basis, amid recovery from the repercussions of the Corona pandemic.

According to data from the Qatari Ministry of Development Planning and Statistics, the gross domestic product at constant prices amounted to about 161.637 billion riyals ($44.4 billion) in the three months ending last June.

Qatar’s GDP was 155.453 billion riyals ($42.7 billion) in the second quarter of 2020.

On a quarterly basis, gross domestic product shrank 0.3 percent during the second quarter, compared to 162.151 billion riyals ($44.55 billion) in the first quarter of 2021.

Qatar has faced pressures due to the repercussions of the Corona pandemic and the high cost of projects to organize the World Cup in 2022, but it shows steadfastness based on the rise in its foreign reserves and assets in the sovereign fund.

Qatar’s economy, the world’s largest exporter of natural gas, received support from improved fuel demand and higher gas prices.


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