Qatar’s CPI at 1.6% in 2015: Report

 02 Jun 2016 - 2:32

Qatar’s CPI at 1.6% in 2015: Report

By Sachin Kumar
DOHA: The year-on-year change in the Consumer Price Index (CPI) was 1.6 percent for Qatar in 2015, compared to 3.3 percent for the world, 0.3 percent for the advanced economies and 5.9 percent, for the Middle East and North Africa.

CPI is a measure that examines the change in the weighted average of prices of a basket of consumer goods and services such as food, clothing, rental, transportation, etc. 
According to the fifteenth issue of “Window on Economic Statistics of Qatar”, released yesterday by the Ministry of Development Planning and Statistics (MDPS), Qatar’s Current Account Balance as percentage of GDP, in 2015, remained among the highest in the world at 8.2 percent, compared to 0.7 percent, for the Advanced Economies and -3.9 percent (deficit) for the Middle East and North Africa.
In 2015, the real growth rate of GDP for Qatar was 3.7 percent, compared to that of the World (3.1 percent), Advanced Economies (1.9 percent), and Middle East and North Africa, (2.3 percent).
The report added that GDP for the fourth quarter of 2015 (Q4 2015), at current prices, was estimated at QR146.83bn, which showed a decrease of 1.7 percent, when compared with that of previous quarter (Q32015). Real GDP (calculated at 2013 constant prices), in order to eliminate the effects of price changes, showed that, in volume terms, GDP grew by 3.9 percent over Q4 2014 and, decreased by 0.5 percent over the previous quarter.
The Gross Value Added (GVA) of the Mining and Quarrying sector for Q4 2015, was estimated at QR46.16bn.The Peninsula