Includes historical data for Qatar’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
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Qatar GDP Reflects Great Wealth
One of the world’s wealthiest nations thanks to its vast deposits of natural gas and oil, Qatar boasts one of the highest per capita incomes globally. In line with the National Vision 2030’s initiative of broadening the economic base, the government has successfully encouraged private investment across sectors ranging from tourism and infrastructure, to financial services and information and communications technology. Up to 100% foreign ownership of businesses in most sectors is allowed. However, reservations among foreign investors persist. Qatar ranks low on gender equality and female participation in the labor force, rigid cultural norms are broadly implemented, and employment rules are strictly regulated. Over the years, Qatar has also cemented its status as a cornerstone of stability and a champion of diplomacy in a volatile region.
Browse additional economic indicators and data sets below to learn more about Qatar’s economic outlook, finance sector and international trade performance. Each year, Global Finance editors identify Qatar’s safest bank, and recognise the best banks in a range of categories, including Best Foreign Exchange, Best Trade & Supply Chain Finance, Best Private Banking and more.
Macroeconomy & Sovereign Data
Type of Government | Constitutional monarchy |
---|---|
Capital | Doha |
Sovereign Ratings |
S&P AA Moody’s Aa2 Fitch AA |
Total Population |
2.6 million |
Median Age | 33.8 |
Adult Per Capita Income (PPP) | USD 118,305 |
Total GDP (2023) | USD 220 billion |
Qatar GDP & Economic Overview
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Qatar
Banking & Finance
Overview
Central Bank | Central Bank of Qatar |
---|---|
Currency | Qatari Riyal (QAR) |
International Reserves | USD 66.7 billion |
Stock Exchange |
Qatar Stock Exchange (QSE) |
Trade & Investment
Total Exports |
USD 37 billion (2022) |
---|---|
Leading Exports |
Natural gas Crude petroleum Refined petroleum Ethylene polymers Fertilizers |
Total Imports |
USD 133 billion (2022) |
Leading Imports |
Aircraft Gas turbines Cars Jewelry Iron piping |
Source: | World Integrated Trade Solution |
Bandar bin Mohammed bin Saoud Al-Thani has led Qatar’s central bank since November 2021. The Qatari riyal is pegged to the dollar, hence the central bank’s policy recently tightened in sync with…
Qatar Leading Companies
Qatar National Bank | Banking & Financial Services |
---|---|
Industries Qatar | Petrochemicals, Fertilizers, Steel |
Ooredoo | Telecoms |
Qatar Petroleum | Energy |
Qatar Airways | Aviation |
Al Jazeera Media Network | Media |
Major Trade Partners – Import
China | 16% |
---|---|
United States | 12% |
India | 6% |
Germany | 6% |
United Kingdom | 5% |
Source: World Integrated Trade Solution
Major Trade Partners – Export
China | 15% |
---|---|
Japan | 14% |
India | 13% |
South Korea | 13% |
Singapore | 6% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000