| People | Qatar |
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Economy - overview:
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Qatar is in the midst of an economic boom supported by its expanding production of natural gas and oil. Economic policy is focused on development of Qatar's nonassociated natural gas reserves and increasing private and foreign investment in non-energy sectors. Oil and gas account for more than 60% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have made Qatar the highest per-capita income country and one of the world's fastest growing. Sustained high oil prices and increased natural gas exports in recent years have helped build Qatar's budget and trade surpluses and foreign reserves. Proved oil reserves of more than 15 billion barrels should ensure continued output at current levels for 22 years. Qatar's proved reserves of natural gas are roughly 25 trillion cubic meters, about 15% of the world total and third largest in the world. Qatar has permitted substantial foreign investment in the development of its gas fields during the last decade and became the world's top liquefied natural gas (LNG) exporter in 2007. |
GDP (purchasing power parity):
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$57.69 billion (2007) |
GDP (official exchange rate):
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$67.76 billion (2007 est.) |
GDP - real growth rate:
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14.2% (2007 est.) |
GDP - per capita (PPP):
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$80,900 (2007 est.) |
GDP - composition by sector:
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agriculture: 0.1%
industry: 71.2%
services: 28.7% (2007 est.) |
Investment (gross fixed):
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46.1% of GDP (2007 est.) |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
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void |
Inflation rate (consumer prices):
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13.8% (2007 est.) |
Labor force:
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638,000 (2007 est.) |
Labor force participation rate:
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68.70 % of population |
Labor force - by occupation:
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void |
Unemployment rate:
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0.7% (2007 est.) |
Budget:
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revenues: $27.22 billion
expenditures: $22.55 billion (2007 est.) |
Budget revenues per capita:
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29,312 USD per capita |
Public debt:
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11.7% of GDP (2007 est.) |
Industries:
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crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair |
Industrial production growth rate:
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8% (2007 est.) |
Electricity - production:
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13.54 billion kWh (2005) |
Electricity - production per capita:
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14,581 kWh per capita |
Electricity - consumption:
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12.52 billion kWh (2005) |
Electricity - consumption - per capita:
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13,483 kWh per capita |
Electricity - exports:
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0 kWh (2005) |
Electricity - imports:
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0 kWh (2005) |
Oil - production:
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1.111 million bbl/day (2005 est.) |
Oil - production per capita:
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1,196,380 bbl/day per capita |
Oil - consumption:
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95,000 bbl/day (2005 est.) |
Oil - consumption - per capita:
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37.34 bbl/year per capita |
Oil - exports:
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960,600 bbl/day (2004) |
Oil - imports:
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0 bbl/day (2004) |
Oil - proved reserves:
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15.2 billion bbl (2007 est.) |
Natural gas - production:
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43.93 billion cu m (2005 est.) |
Natural gas - production per capita:
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47,306 cu m per capita |
Natural gas - consumption:
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17.93 billion cu m (2005 est.) |
Natural gas - consumption - per capita:
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19,308 cu m per capita |
Natural gas - exports:
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25.99 billion cu m (2005 est.) |
Natural gas - imports:
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0 cu m (2005) |
Natural gas - proved reserves:
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25.79 trillion cu m (1 January 2007 est.) |
Agriculture - products:
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fruits, vegetables; poultry, dairy products, beef; fish |
Current account balance:
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$23.44 billion (2007 est.) |
Current account balance - per capita:
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25,242 USD per capita |
Exports:
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$37.95 billion f.o.b. (2007 est.) |
Exports per capita:
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40,867 USD per capita |
Exports - commodities:
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liquefied natural gas (LNG), petroleum products, fertilizers, steel |
Exports - partners:
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Japan 41%, South Korea 16.7%, Singapore 6.6%, Thailand 4.2% (2006) |
Imports:
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$19.86 billion f.o.b. (2007 est.) |
Imports per capita:
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21,387 USD per capita |
Imports - commodities:
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machinery and transport equipment, food, chemicals |
Imports - partners:
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France 13.3%, Japan 10.2%, US 9.3%, Italy 8.9%, Germany 7.8%, UK 6.2%, Saudi Arabia 5.8%, South Korea 4.7% (2006) |
Reserves of foreign exchange and gold:
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$9.788 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
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10,541 USD per capita |
Debt - external:
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$33.09 billion (31 December 2007 est.) |
Debt - external - per capita:
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35,633 USD per capita |
Stock of direct foreign investment - at home:
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$11.18 billion (2007 est.) |
Stock of direct foreign investment - abroad:
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$5.625 billion (2007 est.) |
Market value of publicly traded shares:
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$61.56 billion (2006) |
Economic aid - donor:
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void |
Economic aid - recipient:
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$2.18 million (2004) |
Economic aid - recipient per capita:
|
3 USD per capita |
Currency (code):
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Qatari rial (QAR) |
Exchange rates:
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Qatari rials per US dollar - 3.64 (2007), 3.64 (2006), 3.64 (2005), 3.64 (2004), 3.64 (2003) |
Fiscal year:
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1 April - 31 March |
|
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