04 Aug 2021 - 8:45
The Peninsula
Doha: Qatar’s private sector exports rose by 321 percent to QR2.57bn in May 2021 from QR609m in May 2020, a significant growth that showed that the national economy has recovered from the repercussions of the COVID-19 pandemic with the country’s private sector exports now above pre-pandemic levels, according to a Qatar Chamber (QC) report.
When compared on a month-on-month (M-o-M) basis, Qatari private sector exports increased by 24 percent from QR2.06bn in April 2021, QC has said in its monthly economic newsletter for July, which is prepared by QC’s Research & Studies Department.
In May, private sector exports grew by 31.6 percent compared to QR1.9bn in February 2020, which registered the highest value of exports from the beginning of 2020; while it increased by 349.3 percent compared to QR572m in April 2020, which represented the lowest value during this period.