Qatar's economy grows 2.5% in first quarter

BY Reuters | ECONOMIC | 07/05/22 01:31 AM EDT

DUBAI, July 5 (Reuters) - Qatar's economy grew 2.5% in the first quarter from a year earlier, although the growth fell slightly from the previous quarter, official estimates showed on Tuesday.

Qatar's real gross domestic product (GDP), which is adjusted for inflation, shrank 0.3% in the first quarter from the fourth quarter to 166.26 billion riyals ($45.68 billion), the Planning and Statistics Authority said.

Mining and quarrying real gross value added (GVA) fell 1.7% in the first quarter from a year prior but grew 0.9% from the fourth quarter. Non-mining and quarrying real GVA grew 5.2% year-on-year in the first quarter and fell 0.9% compared to the previous quarter. ($1=3.6400 Qatar riyals) (Reporting by Yousef Saba; Editing by Clarence Fernandez)

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