QNB's economics department released a report analyzing Qatar's economic performance in 2012. Some key points: GDP grew 10.5% in 2012, lower than the 11% growth in 2011 but still strong. Inflation was 1.47% in 2012, down from 1.53% in 2011. Private sector credit grew 17% and public sector credit grew 4%. Oil and gas sector growth slowed to 6% while the non-oil sector grew 14%.