Qatar current account surplus widens to 6.4% of GDP - The Peninsula Qatar

Qatar current account surplus widens to 6.4% of GDP - The Peninsula Qatar:

"Qatar’s non-hydrocarbon real GDP recorded a solid 4.2 percent growth for the full year 2017. The country’s current account surplus widened to 6.4 percent of GDP in Q4 in line with higher oil prices while the financial account deficit narrowed. The Industrial production surged to 7.4 percent year-on-year(y/y) growth in Q3 on a rebound in the mining sector likely due to less maintenance on LNG trains, said QNB.

The country’s real GDP growth slowed marginally in Q4 mainly due to temporary shutdowns for LNG maintenance. Inflation slowed to 0.1 percent y/y in April; food inflation eased while housing inflation picked up.

QNB’s monthly monitor noted yesterday that Qatar’s Brent crude prices rose to an average of $72/b in April 2018; Qatar’s oil production fell to 539,000 b/d in February from 621,000 b/d prior."



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