Qatar

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.

In Partnership With

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.

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.

Qatar GDP & Economic Overview

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

Most Recent Content

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)

Bandar bin Mohammed bin Saoud Al-Thani, Governor, Qatar Central Bank


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…

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

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

In Partnership With


Since its establishment in 1964, QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa. QNB has an active community support program and sponsors various social, educational and sporting events, locally and internationally. The Group’s network expansion comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia.

QNB Group has maintained its position as the highest-rated bank in Qatar and one of the highest rated banks in the world from leading credit rating agencies including Standard & Poor’s (A+), and Moody’s (Aa3), and Fitch (A).

The Bank has also been the recipient of many awards from leading international specialised financial publications.

QNB Group’s presence extends to more than 28 countries across three continents operating from approximately 900 locations supported by 30,000 staff and over 4,800 ATMs.


Data Sources:

IMF World Economic Outlook

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

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