The Qatari economy achieved real growth of 2.4 percent at constant prices during 2024, reaching 713 billion Qatari riyals (approximately 195.825 billion US dollars), compared to its level of 697 billion riyals (approximately 191 billion dollars) in 2023.  

The Qatar News Agency (QNA) reported, citing data from the National Planning Council's National Statistics Center, that the gross domestic product (GDP) recorded an annual growth rate of 6.1 percent in the fourth quarter of 2024, reaching 181 billion riyals (approximately 49.711 billion dollars), compared to 170.1 billion riyals (approximately 46.690 billion dollars) during the same period in 2023.  

Dr. Abdulaziz Al-Khulaifi, Secretary-General of the National Planning Council, affirmed that the Qatari economy continues to achieve strong growth rates based on GDP data, reflecting the soundness of the developmental path the country is following to achieve sustainable growth and economic diversification in line with the Third National Development Strategy (2024-2030).  

Al-Khulaifi pointed out that the data reflects accelerated growth and expansion in non-hydrocarbon activities, which grew by 3.4 percent annually, while hydrocarbon activities remained at stable levels.  

He explained that the contribution of non-hydrocarbon activities to GDP reached 64 percent in 2024, compared to 63 percent in 2023, while hydrocarbon activities grew by 6.2 percent in the fourth quarter, compared to 6.1 percent for non-hydrocarbon activities. The latter contributed approximately 116.9 billion riyals (approximately 49.711 billion dollars) to the total GDP of 181 billion riyals.  

According to the data, the accommodation and restaurant sector emerged as the fastest-growing sector, achieving a growth rate of 14.7 percent, rising from 1.7 billion riyals to 2 billion riyals (approximately 466.9 million dollars).  

The financial activities sector grew by 11.1 percent, reaching 14.8 billion riyals (approximately 4 billion dollars), while wholesale and retail trade activities increased by 9 percent to reach 14.7 billion riyals.  

Real estate activities grew by 6.3 percent, recording 13.5 billion riyals (approximately 3.7 billion dollars).  

As for the construction sector, it achieved a growth rate of 9.6 percent after a period of decline in 2023 following the end of the construction boom associated with the World Cup. However, it rebounded with the launch of new projects, reflecting a strong commitment from both the public and private sectors to domestic investment and driving economic growth.