logo
Qatar's economy grows 3.7% in Q1 2025

Qatar's economy grows 3.7% in Q1 2025

Gulf Businessa day ago
Image: Getty Images
Qatar's real gross domestic product (GDP) grew by 3.7 per cent in Q1 2025 compared to the same period a year earlier, with strong gains in the non-hydrocarbon sector, the Qatar News Agency (QNA) reported, citing data from the National Planning Council (
GDP at constant prices reached QAR181.5bn in Q1 2025, up from QAR175bn in Q1 2024, according to the National Statistics Centre.
The non-hydrocarbon sector accounted for 63.6 per cent of real GDP, or approximately QAR115bn, an increase from 62.6 per cent in the same quarter last year.
Qatar GDP: Sectors showing growth
Growth in the sector reached 5.3 per cent , supported by robust performances in manufacturing (up 5.6 per cent ), construction (up 4.4 per cent ), real estate (up 7 per cent), and wholesale and retail trade (up 14.6 per cent ).
Hydrocarbon activities, despite global economic headwinds and oil price volatility, grew by 1 per cent year-on-year, contributing 36.4 per cent to real GDP, or about QAR66bn.
The data reflects the country's efforts to diversify its economy and reduce reliance on hydrocarbons, the NPC said.
Read:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil falls on signs of weak US demand ahead of key jobs report
Oil falls on signs of weak US demand ahead of key jobs report

Zawya

timean hour ago

  • Zawya

Oil falls on signs of weak US demand ahead of key jobs report

Oil prices eased on Thursday, reversing gains from the previous session, on concerns over weak U.S. demand after government data showed a surprise build in inventories in the world's biggest crude consumer. Brent crude futures fell 24 cents, or 0.35%, to $68.87 a barrel by 0044 GMT after gaining 3% on Wednesday. U.S. West Texas Intermediate crude fell 24 cents, or 0.36%, to $67.21 a barrel after climbing 3.1% previously. The U.S. Energy Information Administration said on Wednesday domestic crude inventories rose by 3.8 million barrels to 419 million barrels last week. Analysts in a Reuters poll had expected a drawdown of 1.8 million barrels. Gasoline demand dropped to 8.6 million barrels per day, prompting concerns about consumption in the peak U.S. summer driving season. Both benchmarks gained on Wednesday after Iran enacted a law suspending cooperation with the U.N. nuclear watchdog, raising concerns the lingering dispute over the Middle East producer's nuclear program may once again devolve into armed conflict. Additionally, the U.S. and Vietnam reached a trade deal that sets 20% tariffs on many of the Southeast Asian country's exports, giving investors a sense of greater economic stability on international trade which could flow into higher demand for oil. The market will be watching the release of the key U.S. monthly employment report on Thursday to shape expectations around the depth and timing of interest rate cuts by the Federal Reserve in the second half of this year, analysts said. Lower interest rates could spur economic activity, which would in turn boost oil demand. A private payrolls report on Wednesday showed a contraction for the first time in two year though analysts cautioned there is no correlation between it and the government data. (Reporting by Nicole Jao; Editing by Christian Schmollinger)

Number of Sakani platform users exceeds 4.6mln by first half of 2025
Number of Sakani platform users exceeds 4.6mln by first half of 2025

Zawya

timean hour ago

  • Zawya

Number of Sakani platform users exceeds 4.6mln by first half of 2025

RIYADH — The Sakani platform has recorded significant growth in its efforts to provide diverse housing and financing options and solutions that meet the diverse needs of beneficiaries, including families and individuals, to own suitable housing. The number of platform users has exceeded 4.6 million by the first half of this year, indicating the expansion of Sakani services to include broader segments of citizens and residents. The Sakani program explained that during the first half of 2025, more than 106000 housing contracts were concluded through the platform. During the same period, the platform received more than 160 million digital visits. The number of people served during this period exceeded 275000, and more than 200,000 new users were registered, reflecting the increased demand for digital services and the reliability of the platform. Sakani continues to empower users by offering diverse housing options and multiple financing solutions in partnership with banks, financing companies, and real estate developers, enhancing the flexibility of available options. Sakani is the largest real estate platform in Saudi Arabia, offering a variety of options including under-construction units, ready-to-move-in units, self-build options, and land. Users can also browse residential projects and suburbs in various areas featuring integrated facilities and services, providing a comprehensive housing experience. In addition, exclusive offers are provided to registered users. Sakani relies on artificial intelligence technologies to enhance the user experience, while promoting the concepts of neighborliness and social solidarity through the "Seventh Neighbor" service. To benefit from the Sakani platform's services, download the app via the link: ( contact the unified number 199090, or visit Sakani comprehensive centers in Riyadh, Jeddah, Madinah, and Al-Khobar. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

International visitors spend nearly $13.33bln in Saudi Arabia during 1Q 2025
International visitors spend nearly $13.33bln in Saudi Arabia during 1Q 2025

Zawya

timean hour ago

  • Zawya

International visitors spend nearly $13.33bln in Saudi Arabia during 1Q 2025

RIYADH — Saudi Arabia has achieved record growth in spending by international visitors, reaching SR49.4 billion during the first quarter of 2025. This figure represents 9.7 percent growth compared to the same period in 2024, according to travel item data in the balance of payments for the month of May, published by the Ministry of Tourism. The Kingdom achieved a surplus in the travel item of the balance of payments estimated at SR 26.8 billion during the period, a growth rate of approximately 11.7 percent compared to the same period in 2024. The ministry explained that the significant growth in the travel surplus in the balance of payments during the first quarter of 2025 is the result of the efforts made by the ministry and other components of the Saudi tourism system to enhance the tourism sector and its contribution to the growth of the national economy. It also underscores the development witnessed by the tourism sector in the Kingdom. This growth underscores the effectiveness of the efforts exerted by the tourism system to position the sector as a global leader, through the application of best tourism development practices, the advancement of tourism services and products, and the ongoing cooperation with all government agencies to support the development of the tourism sector in the Kingdom and achieve the goals of Saudi Vision 2030. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store