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Qatar Economy 2014
http://www.theodora.com/wfbcurrent/qatar/qatar_economy.html
SOURCE: 2014 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on February 3, 2014

Economy - overview:
Qatar has prospered in the last several years with continued high real GDP growth. Throughout the financial crisis Qatari authorities sought to protect the local banking sector with direct investments into domestic banks. GDP grew sharply in 2010 largely due to the increase in oil prices, and 2011's growth was supported by Qatar's investment in expanding its gas sector. GDP slowed to 6.6% in 2012 as Qatar''s gas sector expansion moved toward completion. Economic policy is focused on developing Qatar''s nonassociated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of export earnings, and 70% 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 57 years. Qatar''s proved reserves of natural gas exceed 25 trillion cubic meters, more than 13% of the world total and third largest in the world. Qatar''s successful 2022 World Cup bid will likely accelerate large-scale infrastructure projects such as Qatar''s metro system, light rail system, and the Qatar-Bahrain causeway. The Hamad International Airport is projected to open by the end of 2013 with an annual passenger capacity of 24 million.

GDP (purchasing power parity):
$185.3 billion (2012 est.)
country comparison to the world: 59

$174.4 billion (2011 est.)
$154.4 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$189.8 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.2% (2012 est.)
country comparison to the world: 42

13% (2011 est.)
16.7% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$100,900 (2012 est.)
country comparison to the world: 1

$102,100 (2011 est.)
$91,600 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
58.8% of GDP (2012 est.)
country comparison to the world: 2

56.5% of GDP (2011 est.)
48.4% of GDP (2010 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 13.1%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 11.6%
investment in fixed capital: 30.6%
investment in inventories: -0.8%
exports of goods and services: 74.1%
imports of goods and services: -28.6%

(2012 est.)

GDP - composition, by sector of origin:
agriculture: 0.1%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 72.4%
services: 27.5% (2012 est.)

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:
4.6% (2012 est.)
country comparison to the world: 61
[see also: Industrial production growth rate country ranks ]

Labor force:
1.339 million (2012 est.)
country comparison to the world: 135
[see also: Labor force country ranks ]

Unemployment rate:
0.5% (2012 est.)
country comparison to the world: 3

0.4% (2011 est.)
[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)

Budget:
revenues: $76.22 billion
[see also: Budget revenues country ranks ]
expenditures: $48.96 billion (2012 est.)

Taxes and other revenues:
40.2% of GDP (2012 est.)
country comparison to the world: 46
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
14.4% of GDP (2012 est.)
country comparison to the world: 4
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
32.8% of GDP (2012 est.)
country comparison to the world: 109

34.4% of GDP (2011 est.)
[see also: Public debt country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
1.9% (2012 est.)
country comparison to the world: 39

1.9% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4.5% (31 December 2012 est.)
country comparison to the world: 80

4.5% (31 December 2011 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
5.38% (31 December 2012 est.)
country comparison to the world: 152

5.49% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$24.98 billion (31 December 2012 est.)
country comparison to the world: 64

$22.49 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$97.97 billion (31 December 2012 est.)
country comparison to the world: 54

$85.16 billion (31 December 2011 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$149.1 billion (31 December 2012 est.)
country comparison to the world: 46

$121.5 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$125.4 billion (31 December 2011)
country comparison to the world: 37

$123.6 billion (31 December 2010)
$87.86 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$61.59 billion (2012 est.)
country comparison to the world: 10

$51.98 billion (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$133 billion (2012 est.)
country comparison to the world: 33

$114.3 billion (2011 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Japan 26.7%, South Korea 19%, India 12.1%, Singapore 5.7%, China 5.4% (2012)

Imports:
$30.79 billion (2012 est.)
country comparison to the world: 65

$26.93 billion (2011 est.)
[see also: Imports country ranks ]

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

Imports - partners:
US 14.2%, UAE 11.4%, Saudi Arabia 8.6%, UK 6.4%, Japan 6%, China 4.8%, Germany 4.7%, Italy 4.4%, France 4.4% (2012)

Reserves of foreign exchange and gold:
$33.19 billion (31 December 2012 est.)
country comparison to the world: 49

$16.82 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$134.8 billion (31 December 2012 est.)
country comparison to the world: 37

$127.9 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$32.17 billion (31 December 2012 est.)
country comparison to the world: 60

$31.84 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$26.86 billion (31 December 2012 est.)
country comparison to the world: 43

$25.02 billion (31 December 2011 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Qatari rials (QAR) per US dollar -

3.64 (2012 est.)
3.64 (2011 est.)
3.64 (2010 est.)
3.64 (2009)
3.64 (2008)


NOTE: The information regarding Qatar on this page is re-published from the 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Qatar Economy 2014 information contained here. All suggestions for corrections of any errors about Qatar Economy 2014 should be addressed to the CIA.



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