Ministry of Development Planning and Statistics Releases QSOA
Doha, July 13 (QNA) – The Ministry of Development Planning and Statistics (MDPS) have released the quarterly sequence of accounts providing preliminary estimates of the National Income, Saving and also the expenditure components of GDP for the First quarter of 2015 at current prices.
The Quarterly Sequence of Accounts (QSOA) for the total economy of Qatar provides a comprehensive picture of current economic developments in the country. The quarterly estimates of Gross National Income (GNI), for the Q1, 2015 is placed at QR 169.53 billion which shows a decrease of 11.9%, when compared to the GNI estimate of Q1, 2014 (QR 192.35 billion). Compared to the previous quarter (Q4, 2014), estimate of QR 175.64 billion, a decline of 3.5% in the GNI of this quarter has been recorded.
The Gross National saving has been estimated at QR 94.49 billion in Q1, 2015 as against QR 122.83 billion registered in Q1, 2014, showing a Year-on-year (Y-o-Y) fall of 23.1%. Compared to the previous quarter (Q4, 2014), the gross saving has gone down by 9.1%.
The gross saving ratio to nominal GDP in Q1, 2015 is placed at 54.6%. The comparative figures for Q1, 2014 and Q4, 2014 are estimated to be 61.1% and 56.6%.
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Source News: qna.org.qa