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Qatar Economy 2017
http://www.theodora.com/wfbcurrent/qatar/qatar_economy.html
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES











Qatar Economy 2017
SOURCE: 2017 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 12, 2017

Economy - overview:
Qatar has prospered in the last several years with continued high real GDP growth, but low oil prices have dampened the outlook. Qatar was the only Gulf Cooperation Council member that avoided a budget deficit in 2015, but it projects a $12.8 billion deficit, 6% of GDP in 2016.GDP is driven largely by the oil and gas sector; however, growth in manufacturing, construction, and financial services have lifted the non-oil sectors to just over half of Qatar’s nominal GDP. Economic policy is focused on sustaining Qatar's non-associated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for roughly 92% of export earnings, and 56% of government revenues. Oil and gas have made Qatar the world's highest per-capita income country and the country with the lowest unemployment. Proved oil reserves in excess of 25 billion barrels should enable continued output at current levels for about 56 years. Qatar's proved reserves of natural gas exceed 25 trillion cubic meters, about 13% of the world total and third largest in the world.Qatar's successful 2022 World Cup bid is accelerating large-scale infrastructure projects such as its metro system, light rail system, construction of a new port, roads, stadiums and related sporting infrastructure.

GDP (purchasing power parity):
$334.5 billion (2016 est.) $325.9 billion (2015 est.) $314.4 billion (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 52
[see also: GDP country ranks ]

GDP (official exchange rate):
$156.6 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.6% (2016 est.) 3.7% (2015 est.) 4% (2014 est.)
country comparison to the world: 112
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$129,700 (2016 est.) $134,600 (2015 est.) $140,700 (2014 est.)
note: data are in 2016 dollars
country comparison to the world: 1
[see also: GDP - per capita country ranks ]

Gross national saving:
42.3% of GDP (2016 est.) 47% of GDP (2015 est.) 57.6% of GDP (2014 est.)
country comparison to the world: 5
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 25.7%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 22.6%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 44.8%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.7%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 46.5%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -41.3% (2016 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 0.1%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 51.1%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 48.8% (2016 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
fruits, vegetables; poultry, dairy products, beef; fish

Industries:
liquefied natural gas, crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair

Industrial production growth rate:
1.5% (2016 est.)
country comparison to the world: 128
[see also: Industrial production growth rate country ranks ]

Labor force:
1.691 million (2016 est.)
country comparison to the world: 126
[see also: Labor force country ranks ]

Unemployment rate:
0.7% (2016 est.) 0.4% (2015 est.)
country comparison to the world: 2
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 35.9% (2007)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $41.71 billion
[see also: Budget revenues country ranks ]
expenditures: $53.95 billion (2016 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
26.6% of GDP (2016 est.)
country comparison to the world: 100
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-7.8% of GDP (2016 est.)
country comparison to the world: 190
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
55.6% of GDP (2016 est.) 41.6% of GDP (2015 est.)
country comparison to the world: 74
[see also: Public debt country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
3.8% (2016 est.) 1.7% (2015 est.)
country comparison to the world: 157
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.5% (31 December 2012) 4.93% (31 December 2011)
country comparison to the world: 83
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5% (31 December 2016 est.) 4.5% (31 December 2015 est.)
country comparison to the world: 139
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$34.45 billion (31 December 2016 est.) $34.87 billion (31 December 2015 est.)
country comparison to the world: 58
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$155.8 billion (31 December 2015 est.) $138.5 billion (31 December 2014 est.)
country comparison to the world: 47
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$218.7 billion (31 December 2016 est.) $200.6 billion (31 December 2015 est.)
country comparison to the world: 43
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$142.6 billion (31 December 2015 est.) $185.9 billion (31 December 2014 est.) $152.6 billion (31 December 2013 est.)
country comparison to the world: 37
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$2.885 billion (2016 est.) $13.75 billion (2015 est.)
country comparison to the world: 159
[see also: Current account balance country ranks ]

Exports:
$64.69 billion (2016 est.) $77.29 billion (2015 est.)
country comparison to the world: 42
[see also: Exports country ranks ]

Exports - commodities:
liquefied natural gas (LNG), petroleum products, fertilizers, steel

Exports - partners:
Japan 25.4%, India 14.6%, China 8.4%, UAE 6.8%, Singapore 5.6%, UK 5.5%, Thailand 4.2% (2015)

Imports:
$33.76 billion (2016 est.) $28.5 billion (2015 est.)
country comparison to the world: 60
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, food, chemicals

Imports - partners:
China 11.9%, US 11.3%, UAE 9%, Germany 7.7%, Japan 6.7%, UK 5.9%, Italy 4.6%, Saudi Arabia 4.4% (2015)

Reserves of foreign exchange and gold:
$36.03 billion (31 December 2016 est.) $37.26 billion (31 December 2015 est.)
country comparison to the world: 45
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$159.2 billion (31 December 2016 est.) $141.6 billion (31 December 2015 est.)
country comparison to the world: 38
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$35.38 billion (31 December 2016 est.) $34.53 billion (31 December 2015 est.)
country comparison to the world: 64
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$52.66 billion (31 December 2016 est.) $49.73 billion (31 December 2015 est.)
country comparison to the world: 43
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Qatari rials (QAR) per US dollar - 3.64 (2016 est.) 3.64 (2015 est.) 3.64 (2014 est.) 3.64 (2013 est.) 3.64 (2012 est.)


NOTE: The information regarding Qatar on this page is re-published from the 2017 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Qatar Economy 2017 information contained here. All suggestions for corrections of any errors about Qatar Economy 2017 should be addressed to the CIA.




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