FX.co ★ Qatar Economy Expands 3.7% in Q1

In the first quarter of 2025, Qatar’s economy experienced a 3.7% year-on-year growth, following a robust 6.1% increase in the previous quarter. This sustained momentum was primarily fueled by a 5.3% expansion in the non-hydrocarbon sectors. Key contributors included manufacturing, which rose by 5.6%, construction with a 4.4% increase, real estate surging by 7.0%, and wholesale and retail trade posting a remarkable 14.6% growth. Additionally, smaller sectors also demonstrated significant progress; accommodation and food services jumped by 13.8%, and the transport and storage sector grew by 3.5%, indicating a well-rounded expansion and persistent tourism activity. This continuous growth underscores the efficacy of governmental policies and reforms aimed at bolstering the business landscape and enhancing private sector opportunities. Furthermore, it reflects the steadfast commitment from both public and private entities to promote growth under the umbrella of the Third National Development Strategy, which aligns with Qatar’s National Vision 2030. On a quarterly basis, the GDP experienced a 0.3% increase compared to the preceding period.