Qatar, the world’s biggest liquefied natural gas exporter, has raised its forecasts for economic growth this year and in 2013 as the non-energy industries expand.
The nation’s real gross domestic product will increase 6.3 percent in 2012, compared to a previous forecast of 6.2 percent, and while economic growth in 2013 may rise to 4.8 percent compared with an estimate of 4.5 percent in June, the General Secretariat for Development Planning said in a statement today.
Qatar’s economic expansion is based on “robust” growth in the non-oil and gas industries, the government body said. The government forecasts 9.3 percent growth in those industries this year, and 9.6 percent in 2013. The government revised its 2012 nominal GDP to 14.7 percent from 11.2 percent.
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