Qatar’s economy shrank by 15.7% year-on-year in Q2 2026, following a 7.0% contraction in Q1 and marking the sharpest economic decline since Q1 2019. This was mainly driven by a sharp contraction in mining and quarrying activities, which accounted for 20.1% of GDP and fell 50.7% annually, while non-mining and quarrying activities, representing 79.9% of GDP, expanded 2.6%. Within non-mining sectors, the fastest-growing activities included real estate activities (+11.0%), human health and social work activities (+10.2%), and financial and insurance activities (+8.3%). Meanwhile, GDP at current prices declined 11.6% year-on-year to QAR 170.5 billion from QAR 192.9 billion a year earlier. On a quarterly basis, GDP shrank by 10.3%.