Qatar's non-hydrocarbon economy expands 2.6% in Q2 2026

In the second quarter of 2026, Qatar's non-hydrocarbon Gross Domestic Product (GDP) expanded by 2.6% year-on-year, according to the National Planning Council (NPC). This growth occurred despite challenges posed by regional trade route disruptions and global supply chain issues, highlighting the resilience and growing significance of non-hydrocarbon sectors in the national economy.

NPC Secretary-General Dr. Abdulaziz bin Nasser bin Mubarak Al Khalifa emphasized that the quarter underscores the importance of Qatar's years of planning and investment in economic diversification and resilience.

Although regional conditions imposed restrictions that led to a 50.7% drop in hydrocarbon GDP, the non-hydrocarbon sector continued its positive trajectory, expanding by 2.6%. Key contributors included real estate, which grew by 11%, accounting for 1.2 percentage points of the total growth. The financial and insurance sectors also showed robust expansion, with an increase of 8.3% and 1.1 percentage points to the overall growth.

Construction and wholesale and retail trade sectors followed with growth rates of 5.5% and 6.9%, respectively, contributing an additional 0.8 percentage points.

This performance underscores the foundation of economic diversification and resilience built over the years, aligning with Qatar's long-term goals as outlined in the Qatar National Vision 2030. The NPC remains committed to further diversification, boosting productivity, and enhancing competitiveness to ensure sustained economic growth. Ongoing monitoring of markets and safeguarding of supply chains are essential to maintaining stability and supporting the national economy's adaptability to crises.