Qatar: Economy stagnates in Q4
According to a preliminary reading, GDP was stagnant year on year in the fourth quarter of 2023, below the upwardly revised 1.5% growth (preliminary reading: 1.2%) seen in the third quarter. The reading was the worst print since Q1 2021.
Looking at a breakdown by sector, mining and quarrying output shrank 3.1% in Q4, following a 2.3% expansion in Q3. Meanwhile, non-mining and quarrying output expanded 1.7% in Q4, compared to 1.0% in the prior quarter.