The Qatari economy achieved real growth of 8 percent in the last quarter of 2022, while the quarterly GDP estimate at constant prices amounted to about 179.99 billion riyals ($ 49.4 billion) compared to the estimates of the fourth quarter of 2021 of 166.68 billion riyals. This high percentage comes as one of the fruits of Qatar's hosting of the FIFA World Cup in November and December 2022, noting that Fitch has previously confirmed the positive impact of the World Cup on Qatar's economy in the fourth quarter of 2022. The agency predicted at the time that quarterly growth in the fourth quarter would reach 5.3 percent year-on-year, above the average of 3 percent between 2012 and 2019, so Qatar would record its fastest annual growth since 2014.
According to data from the Qatar Planning and Statistics Authority, GDP at current prices jumped by 26.2 percent year-on-year to about 220.43 billion riyals in the fourth quarter of 2022, compared to the estimates for the same period for 2021. Which amounted to 174.65 billion riyals, and compared to the revised estimates for the third quarter of 2022 of 229.69 billion riyals, GDP recorded a decrease of 4 percent.
Source (Al-Arabi Al-Jadeed, Edited)
