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Qatar

Includes Qatar real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Includes forecasts and historical data for Qatar’s real Gross Domestic Product growth rate, GDP per capita, GDP composition by sector, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership. Updated October 2023 

Qatar GDP Yields 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.

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 recognize the best banks in a range of categories, including Best Foreign Exchange, Best Trade & Supply Chain Finance, Best Private Banking and more.

Qatar Country Report – Projecting Power

The Persian Gulf state boasts a per capita GDP that is one of the highest in the world, topping $77,000, and its economy should grow a modest but steady 2.4% this year and 2.2% in 2024, according to the International Monetary Fund.

GDP & Economic Information

Macroeconomy & Sovereign Data

Type of Government Constitutional monarchy
Capital Doha
Sovereign Ratings S&P AA
Moody’s Aa3
Fitch AA-
Total Population 2.6 million

Median Age 33.8
Adult Per Capita Income (PPP) USD 118,305
Total GDP (PPP) USD 268 billion

Banking & Finance

Overview

Central Bank Central Bank of Qatar
Currency Qatari rial (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

Click here to discover the best banks for trade finance in Qatar—and around the world.

Central Bank Governor

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…..read more in our annual Central Banker Report Cards.

Qatar: Leading Companies and Major Trade Partners

Leading Companies Qatar National Bank
Industries Qatar
Ooredoo Q.P.S.C
Qatar Petroleum
Qatar Airways
Al Jazeera Media Network
Major Trade Partners – Import China
United States
India
Germany
United Kingdom
Major Trade Partners – Export China
Japan
India
South Korea
Singapore
The chart at left shows Qatar’s debt burden in comparison to some of its neighbors as well as the regional average. Qatar is carrying a debt load lighter than the regional average for the Middle East, although it remains above that of other regional leaders such as Kuwait and Saudi Arabia.

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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