Qatar’s GDP up 6.5pc in 2013 to hit QR737bn

April 08, 2014 - 2:45:51 am

DOHA: The Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday said that Qatar’s gross domestic product (GDP) in 2013 reached QR737bn ($202.38bn), registering an impressive growth of 6.5 percent, making the Gulf-state one of the fastest growing economies in the world.

However, according to a QNB Group forecast on April 15, 2012, GDP of the energy-rich country was expected to grow to QR798bn in 2013 from QR631bn in 2012, taking the per capita income to $114,340, the highest in the 

world. Since the update included various oil price scenarios, which was subject to change due to various economic and geo-political situations across the world, difference between estimated and actual growth figures remains inevitable.

The Minister, while addressing at the First Session of ‘Qatar-Portuguese Joint Commission on Economic, Commercial and Technical Cooperation’, said that Portuguese companies have great opportunity to take part in various sectors of the booming Qatari economy, which is making huge investments in line with the National Vision 2030 to achieve sustainable development.

The Peninsula

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