The QNB Economics report forecasts Qatar's GDP growth to be 3.5% in 2012 and 3.9% in 2013, lower than the 5.5% growth in 2012. Inflation is projected to be 1.3% in 2012 and 0.2% in 2013, below the 4.3% rate in 2012. Oil and gas exports are expected to increase by 3.5% in 2012 and non-hydrocarbon GDP to rise by 6.1%, with overall GDP projected to grow by 3.9% in 2013.