Industry in Qatar
Qatar - IndustryAfter 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
|Industrial Production (annual variation in %)||2.1||2.5||2.0||1.3||-1.7|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||3.64||-0.03 %||Dec 31|
|Stock Market||0.1||0.34 %||Jan 07|
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