Qatar’s economy posted a 3.7 percent real GDP growth in the first quarter of 2025, reaching QAR181.5 billion at constant prices, up from QAR175 billion in Q1 2024, according to data released by the National Planning Council (NPC) and reported by Qatar News Agency (QNA).
The expansion reflects continued momentum in Qatar’s economic diversification efforts, as the non-hydrocarbon sector strengthened its contribution to the national output.
Non-Hydrocarbon Economy Drives Expansion
In Q1 2025, the non-hydrocarbon sector accounted for 63.6 percent of real GDP, equivalent to QAR115 billion, rising from 62.6 percent in the same period last year. The sector recorded 5.3 percent growth, powered by strong performances in:
- Manufacturing: up 5.6%
- Construction: up 4.4%
- Real Estate: up 7.0%
- Wholesale and Retail Trade: up 14.6%
These figures underscore the resilience and vibrancy of Qatar’s domestic economy amid global uncertainties.
Hydrocarbon Sector Maintains Steady Growth
Despite ongoing volatility in global oil and gas markets, Qatar’s hydrocarbon sector grew by 1.0 percent year-on-year, contributing QAR66 billion or 36.4 percent to the country’s real GDP in the first quarter. The sector continues to be a stabilising force in Qatar’s broader economic landscape.
Diversification at the Core of Qatar’s Economic Strategy
The Q1 results highlight Qatar’s sustained commitment to economic diversification. With increased contributions from non-energy industries, the country is making significant strides in reshaping its growth model. Continued investment in real estate, manufacturing, and services is expected to support medium-term economic stability and resilience.
