Non-Oil Real GDP Growth in Constant Prices for Qatar
QATNGDPXORPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.11
Year-over-Year Change
-80.68%
Date Range
1/1/2000 - 1/1/2025
Summary
The Non-Oil Real GDP Growth in Constant Prices for Qatar measures the year-over-year change in the country's economic output, excluding the oil and gas sector. It provides insight into the underlying growth dynamics of the Qatari economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator tracks the inflation-adjusted real growth rate of Qatar's gross domestic product (GDP), with the oil and gas industry removed. It is used by economists and policymakers to analyze the performance and diversification of the Qatari economy beyond the energy sector.
Methodology
The data is calculated by the Qatar Planning and Statistics Authority based on national accounts data.
Historical Context
The non-oil GDP growth rate is closely monitored by Qatari officials and international institutions to gauge the success of economic diversification efforts.
Key Facts
- Qatar aims to reduce its economic reliance on oil and gas.
- Non-oil sectors like finance, tourism, and manufacturing are growing.
- Diversification is a key priority in Qatar's National Vision 2030.
FAQs
Q: What does this economic trend measure?
A: The Non-Oil Real GDP Growth in Constant Prices for Qatar measures the year-over-year change in the country's economic output, excluding the oil and gas sector.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the underlying growth dynamics of the Qatari economy beyond the energy sector, which is crucial for analyzing the success of the country's economic diversification efforts.
Q: How is this data collected or calculated?
A: The data is calculated by the Qatar Planning and Statistics Authority based on national accounts data.
Q: How is this trend used in economic policy?
A: The non-oil GDP growth rate is closely monitored by Qatari officials and international institutions to gauge the success of economic diversification efforts.
Q: Are there update delays or limitations?
A: The data is typically published with a few months' delay and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Non-Oil Real GDP Growth in Constant Prices for Qatar (QATNGDPXORPCHPT), retrieved from FRED.