Doha – Mubasher: Qatar’s gross domestic product (GDP) dropped 19.2% to QAR 152.97 billion on current prices in the second quarter of fiscal year 2015, versus QAR 189.30 billion in the same period last year, according to figures by Qatari Ministry of Development Planning and Statistics.
The figures also showed a 4.8% growth in GDP at fixed prices in Q2-15, compared to the same period of 2014.
The nominal value of mining and quarrying sector reached QAR 58.52 billion in Q2-15, with a fall of 40.6% when compared to QAR 98.49 billion in the same period last year, and the gross value added (GVA) of the same sector also slipped 8.8% due to the falling oil prices in the mentioned period and the decline in the production volume. However, the real GVA rose 0.9% in Q2-15 year-on-year.
Meanwhile, the nominal value of non- mining and quarrying sector jumped 4% y/y in Q2-15.
