Doha:The State of Qatar's non-hydrocarbon Gross Domestic Product (GDP) experienced a 2.6% increase year-on-year in the second quarter of 2026.
According to Qatar News Agency, the National Planning Council (NPC) highlighted that this growth occurred despite challenges in trade routes and global supply chains, demonstrating the resilience and increasing significance of non-hydrocarbon sectors in strengthening the national economy.
Dr. Abdulaziz bin Nasser bin Mubarak Al Khalifa, Secretary-General of the NPC, emphasized that the second quarter results underscore the importance of Qatar's long-term planning and investment in economic diversification and resilience. He noted that the continued growth of non-hydrocarbon sectors reflects the robustness of Qatar's economic base, enabling it to adapt to crises and sustain economic activity despite regional challenges impacting the energy sector and trade flows.
The NPC stated its commitment to further fostering diversification, enhancing productivity, and improving competitiveness for more sustainable long-term growth. However, regional conditions affecting shipping and exports contributed to a 50.7% decline in Qatar's hydrocarbon GDP.
The non-hydrocarbon sector's growth was driven by key areas, with real estate activities expanding by 11%, contributing QR 1.438 billion to GDP growth. The financial and insurance sector grew by 8.3%, adding QR 1.356 billion, while the construction sector increased by 5.5%, contributing QR 1.178 billion. Additionally, the wholesale and retail trade sector grew by 6.9%, adding QR 1.010 billion to the GDP.
The NPC's statement highlighted the strong performance of these sectors in achieving the diversification goals set out in Qatar National Vision 2030. Despite regional constraints, Qatar has maintained market monitoring, safeguarded supply chains, and ensured the availability of essential goods and services to uphold economic stability.