Industry in Qatar

Qatar Industry | Economic News & Forecasts

Qatar - Industry

After mild overall GDP growth in Q4 driven by the non-energy sector, available indicators suggest a further solid non-energy performance in Q1 2022. The private-sector PMI averaged well in expansionary territory in the quarter. March’s reading was strong in particular, driven by accelerated expansions in output and new orders. Moreover, visitor arrivals soared in annual terms in January–February thanks to milder Covid-19 restrictions. That said, the energy sector seemed to perform less well, as February saw a double-digit decline in oil and gas extraction output. In geopolitics, the Ukraine war has boosted Qatar’s position in global gas markets at the expense of Russia, boding well for the energy sector in the longer term. Moreover, in April, Qatar and Saudi Arabia formed a joint business council, with a view to boosting trade ties which were severely weakened by the Saudi-led embargo.

Qatar - Industry Data

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)2.1  2.5  2.0  1.3  -1.7  

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Qatar Facts

Value Change Date
Exchange Rate3.64-0.03 %Dec 31
Stock Market0.10.34 %Jan 07

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