Qatar's GDP declines 7% in Q1
Gross Domestic Product (GDP) in Qatar shrank by 7% year-on-year during the first quarter of 2026, reaching 170.76 billion riyals compared to 183.71 billion riyals in the same period last year, with a monthly decline of 7.9%. Mining and quarrying activities decreased by 25.8% annually, accounting for 28.7% of GDP, while non-mining activities saw a 3.5% increase, notably in the accommodation and food services (+12%) and retail trade and vehicle repair (+9%) sectors. Twelve out of seventeen economic activities experienced positive growth, whereas activities such as mining, transportation, and manufacturing declined. Additionally, nominal GDP at current prices fell by 7.7%, from 201.2 billion riyals in the first quarter of 2025 to 185.7 billion riyals in the same period of 2026.
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