[Qatar’s GDP shrank by 7% year-on-year in the first quarter] August 31, Qatar’s National Planning Committee stated on August 31 that due to the escalation of regional geopolitical situations and restrictions on shipping and exports, Qatar’s oil and gas industry gross domestic product (GDP) fell by 25.8% year-on-year in the first quarter of 2026, dragging down the overall GDP to shrink by 7.0% year-on-year. At the same time, Qatar's non-oil and gas economy maintained growth, with non-oil and gas GDP growing by 3.5% year-on-year in the first quarter. Among them, the wholesale and retail industry increased by 9.0% year-on-year, the construction industry increased by 6.2%, real estate activities increased by 6.1%, and the finance and insurance industry increased by 4.8%. (CCTV News)