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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
QatarQatar GDP Growth Rate YoY fell to 0.0% in October 2023
FMPQuarterlyReleased September 2024
Qatar GDP Growth Rate YoY fell to 0.0% in October 2023, released September 2024, down 1.5% from September's 1.5% reading. The reading missed the 3.2% consensus by 3.2%. The print is running well below the 12-month average of 1.0%. GDP Growth Rate YoY is now the lowest in 9 months.
Latest Release
0
Actual
3.2
Consensus
1.5
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate YoY (Qatar) was reported at 0% in September 2024. This missed the market consensus of 3.2% by 3.2%. The reading fell from the previous value of 1.5%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update September 2024.
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GDP Growth Rate YoY - QA
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About GDP Growth Rate YoY — Qatar
DEFINITION
The GDP Growth Rate YoY (Year-over-Year) is a key economic indicator that measures the annual change in a country's Gross Domestic Product (GDP). It provides insight into the overall health and performance of an economy, as a higher growth rate indicates a stronger and more robust economy. This indicator is closely monitored by policymakers, investors, and businesses to make informed decisions and assess the current and future economic outlook. A positive GDP Growth Rate YoY is generally seen as a positive sign of economic growth and stability, while a negative growth rate may indicate a slowdown or recession.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2023): actual 0 %, consensus 3.2 %. Prior reading (Apr 2023): 1 %.