A stable and resilient economy

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A stable and resilient economy

  • Qatar’s stable and competitive economy has been growing at a faster rate on average than its peers and advanced economies. The country’s high per capita income, vast hydrocarbon reserves, and strong economic fundamentals support its strong credit profile.

    • Qatar GDP Growth Forecast
      GDP Growth 2022-2023 Forecast

      Source : World Bank – Global Economic Prospects 2022

    • Top 5 Countries Per Capita GDP and World Average (USD)
      Top 5 Countries Per Capita GDP and World Average - 2020 Top 5 Countries Per Capita GDP and World Average - 2019

      Source : World Bank - GDP per capita, PPP (constant 2017 international $)

    • Labour Force Participation Rate, 2020
      Labor Force Participation Rate 2020

      Source : International Labour Organization, ILOSTAT database, World Bank

    • Moody's Country Credit Rating
      Moodys Country Credit Ratings

      Source : Moody's

  • Qatar’s economy has been resilient amidst the COVID 19 pandemic, and the latest forecasts demonstrate a positive outlook. Early indicators are signaling robust economic activity and strong business conditions. 

    • Real GDP Growth (%) and Nominal GDP (USD Bn)
      Real GDP Growth and Nominal GDP (USD Bn)

      Source : 1.National Accounts Abstract 2020 : IMF Qatar Real GDP Growth indicator 2. IMF forecast

    • Contribution by Sector to Nominal GDP (%)
      Contribution by Sector to nominal GDP - 2020 Contribution by Sector to Nominal GDP - 2019

      Source : Planning and Statistics Authority

    • Qatar’s Purchasing Managers’ Index Headline
      Qatars Purchasing Managers Index Headline

      Source : IHS Markit Qatar Financial Centre PMI

    • Consumer Price Index Inflation
      Consumer Price Index Inflation

      Source : Planning and Statistics Authority

  • Qatar is a key contributor to global energy security as it is the second-largest exporter of natural gas. The country has strong trade ties with the east and west through its diversifying economy. 

    • Qatar Exports Imports and Trade Balance (QAR Bn)
      Qatar Exports, Imports and Trade Balance

      Source : Planning and Statistics Authority

    • Qatar’s Top 5 Export Countries by Value
      Qatars Top 5 Export Countries by Value - 2020 Qatars Top 5 Export Countries by Value - 2019

      Source : Planning and Statistics Authority

    • Qatar’s Top 5 Import Countries by Value
      Qatars Top 5 Import Countries by Value - 2020 Qatars Top 5 Import Countries by Value - 2019

      Source : Planning and Statistics Authority

    • Qatar’s Top 5 Exported Product Groups by Value
      Qatars Top 5 Exported Product Groups by Value - 2020 Qatars Top 5 Exported Product Groups by Value - 2019

      Source : Planning and Statistics Authority

    • Qatar’s Top 5 Imported Product Groups by Value
      Qatars Top 5 Imported Product Groups by Value - 2020 Qatars Top 5 Imported Product Groups by Value - 2019

      Source : Planning and Statistics Authority

  • Thanks to prudent and efficient fiscal management, Qatar enjoys a high degree of fiscal flexibility. The recent projections show that Qatar has the most robust fiscal balance prospects in the GCC.

    • Qatar Government Revenues, Expenditures and Balance (QAR Bn)
      Qatar Government Revenues, Expenditures and Balance

      Source : Ministry of Finance

    • GCC Governments Fiscal Balance Forecast (%GDP)
      GCC Governments Fiscal Balance Forecast

      Source : IMF World Economic Outlook Databases