Economy - overview:
Qatar’s oil and natural gas resources are the country’s main economic engine and government revenue source, driving Qatar’s high economic growth and per capita income levels, robust state spending on public entitlements, and booming construction spending, particularly as Qatar prepares to host the World Cup in 2022. Although the government has maintained high capital spending levels for ongoing infrastructure projects, low oil and natural gas prices in recent years have led the Qatari Government to tighten some spending to help stem its budget deficit.Qatar’s reliance on oil and natural gas is likely to persist for the foreseeable future. Proved natural gas reserves exceed 25 trillion cubic meters - 13% of the world total and, among countries, third largest in the world. Proved oil reserves exceed 25 billion barrels, allowing production to continue at current levels for about 56 years. Despite the dominance of oil and natural gas, Qatar has made significant gains in strengthening non-oil sectors, such as manufacturing, construction, and financial services, leading non-oil GDP to steadily rise in recent years to just over half the total.Following trade restriction imposed by Saudi Arabia, the UAE, Bahrain, and Egypt in 2017, Qatar established new trade routes with other countries to maintain access to imports.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
$341.7 billion (2017 est.)
$333.3 billion (2016 est.)
$326.1 billion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 53
$166.3 billion (2016 est.)
[see also: GDP (official exchange rate) country ranks ]
2.5% (2017 est.)
2.2% (2016 est.)
3.6% (2015 est.)
country comparison to the world: 137
[see also: GDP - real growth rate country ranks ]
$124,900 (2017 est.)
$127,300 (2016 est.)
$133,700 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 2
48.8% of GDP (2017 est.)
44% of GDP (2016 est.)
46.6% of GDP (2015 est.)
country comparison to the world: 2
[see also: Gross national saving country ranks ]
household consumption: 24.8%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 22.8%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 40.1%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 1.6%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 44.6%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -33.9% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]
agriculture: 0.2%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 50.3%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 49.5% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]
fruits, vegetables; poultry, dairy products, beef; fish
liquefied natural gas, crude oil production and refining, ammonia, fertilizer, petrochemicals, steel reinforcing bars, cement, commercial ship repair
-7% (2017 est.)
country comparison to the world: 201
[see also: Industrial production growth rate country ranks ]
1.953 million (2017 est.)
country comparison to the world: 126
[see also: Labor force country ranks ]
0.6% (2017 est.)
0.7% (2016 est.)
country comparison to the world: 3
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: 1.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 35.9% (2007)
revenues: $41.47 billion
[see also: Budget - revenues country ranks ]
expenditures: $54.97 billion (2017 est.)
[see also: Budget - expenditures country ranks ]
24.9% of GDP (2017 est.)
country comparison to the world: 116
[see also: Taxes and other revenues country ranks ]
-8.1% of GDP (2017 est.)
country comparison to the world: 198
[see also: Budget surplus (+) or deficit (-) country ranks ]
56.8% of GDP (2017 est.)
55.4% of GDP (2016 est.)
country comparison to the world: 82
[see also: Public debt country ranks ]
1 April - 31 March
0.9% (2017 est.)
2.7% (2016 est.)
country comparison to the world: 35
[see also: Inflation rate (consumer prices) country ranks ]
4.5% (31 December 2012)
4.93% (31 December 2011)
country comparison to the world: 82
[see also: Central bank discount rate country ranks ]
5% (31 December 2017 est.)
4.51% (31 December 2016 est.)
country comparison to the world: 146
[see also: Commercial bank prime lending rate country ranks ]
$35.54 billion (31 December 2017 est.)
$35.26 billion (31 December 2016 est.)
country comparison to the world: 59
[see also: Stock of narrow money country ranks ]
$139.7 billion (31 December 2017 est.)
$136.7 billion (31 December 2016 est.)
country comparison to the world: 52
[see also: Stock of broad money country ranks ]
$228.7 billion (31 December 2017 est.)
$224.2 billion (31 December 2016 est.)
country comparison to the world: 44
[see also: Stock of domestic credit country ranks ]
$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 ]
$3.901 billion (2017 est.)
-$7.679 billion (2016 est.)
country comparison to the world: 29
[see also: Current account balance country ranks ]
$56.26 billion (2017 est.)
$57.25 billion (2016 est.)
country comparison to the world: 49
[see also: Exports country ranks ]
liquefied natural gas (LNG), petroleum products, fertilizers, steel
Japan 20%, South Korea 15.5%, India 13.1%, China 8.2%, UAE 5.5%, Singapore 5.3% (2016)
$26.69 billion (2017 est.)
$31.93 billion (2016 est.)
country comparison to the world: 66
[see also: Imports country ranks ]
machinery and transport equipment, food, chemicals
US 13.7%, Germany 9.8%, UAE 9.2%, China 8.6%, Japan 7.2%, UK 5.5%, Saudi Arabia 4.6%, Italy 4.4% (2016)
$16.89 billion (31 December 2017 est.)
$31.89 billion (31 December 2016 est.)
country comparison to the world: 65
[see also: Reserves of foreign exchange and gold country ranks ]
$168 billion (31 December 2017 est.)
$157.9 billion (31 December 2016 est.)
country comparison to the world: 39
[see also: Debt - external country ranks ]
$36.04 billion (31 December 2017 est.)
$35.31 billion (31 December 2016 est.)
country comparison to the world: 65
[see also: Stock of direct foreign investment - at home country ranks ]
$59.27 billion (31 December 2017 est.)
$57.63 billion (31 December 2016 est.)
country comparison to the world: 40
[see also: Stock of direct foreign investment - abroad country ranks ]
Qatari rials (QAR) per US dollar -
3.64 (2017 est.)
3.64 (2016 est.)
3.64 (2015 est.)
3.64 (2014 est.)
3.64 (2013 est.)