QNB projects Qatar's GDP growth to average 5.7% annually from 2013 to 2018, driven by a 4.2% average growth in the non-hydrocarbon sector. Inflation is projected to average 3% annually in this period while population growth is expected to slow to an average annual rate of 1.3%. QNB also forecasts that Qatar's GDP will surpass $212 billion by 2018 with the non-oil sector accounting for over 70% of the economy, up from around 45% in 2012.