Sunday 1 July 2012

Qatar's economy grew by 6.9 pct in Q1-offical data | Reuters

Qatar's economy grew 6.9 percent year-on-year in inflation-adjusted terms in the first quarter helped by a jump in the construction industry, the Gulf Arab state's statistics authority said on Sunday.

The world's biggest exporter of liquefied natural gas also saw its real gross domestic product rising by 3.0 percent in January-March compared with the previous three months, the Qatar Statistics Authority said citing preliminary data.

Latest comparable growth rates for the final quarter of 2011 are not available, the authority said, as it has been revising the GDP data for 2011 and 2010.

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