Qatar's Economy Drops 7% in Q1 2026

Qatar's GDP declined by 7% year-on-year in the first quarter of 2026, primarily due to a significant 25.8% drop in hydrocarbon output resulting from restrictions on shipping movement and exports in the region. However, the non-hydrocarbon sector experienced growth of 3.5%, supported by key industries such as construction and building (up 6.2%) and wholesale and retail trade (up 9%). This reflects the strength of Qatar’s economic foundations and its commitment to building a diverse and sustainable economy in line with Qatar National Vision 2030. Despite regional challenges and rising costs, the country maintained economic stability through targeted measures to support the market and ensure the continuity of supply chains for goods and services, helping to safeguard the economy and bolster confidence in the markets.

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