| Economy | Qatar |
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Economy - overview:
|
Qatar has experienced rapid economic growth over the last several years on the back of high oil prices, and in 2008 posted its eighth consecutive budget surplus. Economic policy is focused on developing Qatar's nonassociated natural gas reserves and increasing private and foreign investment in non-energy sectors, but oil and gas still account for more than 50% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have made Qatar the second highest per-capita income country - following Liechtenstein - and one of the world's fastest growing. Proved oil reserves of 15 billion barrels should enable continued output at current levels for 37 years. Qatar's proved reserves of natural gas are nearly 26 trillion cubic meters, about 14% of the world total and third largest in the world. The drop in oil prices in late 2008 and the global financial crisis will reduce Qatar's budget surplus and may slow the pace of investment and development projects in 2009. |
GDP (purchasing power parity):
|
$85.35 billion (2008 est.)
$76.75 billion (2007)
$68.84 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$103,500 (2008 est.)
$94,200 (2007 est.)
$85,800 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
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$116.9 billion (2008 est.) |
GDP - real growth rate:
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11.2% (2008 est.)
11.5% (2007 est.)
12.8% (2006 est.) |
GDP - composition by sector:
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agriculture: 0.1%
industry: 79.4%
services: 20.5% (2008 est.) |
Investment (gross fixed):
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41.4% of GDP (2008 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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15.2% (2008 est.) |
Central bank discount rate:
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NA |
Commercial bank prime lending rate:
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7.43% (31 December 2007) |
Stock of money:
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$9.718 billion (31 December 2007) |
Stock of money - per capita:
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11,663 USD per capita |
Stock of quasi money:
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$22.6 billion (31 December 2007) |
Stock of quasi money - per capita:
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27,122 USD per capita |
Stock of domestic credit:
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$30.52 billion (31 December 2007) |
Stock of domestic credit - per capita:
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36,627 USD per capita |
Labor force:
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1.124 million (2008 est.) |
Labor force participation rate:
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134.89 % of population |
Labor force - by occupation:
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void |
Unemployment rate:
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0.6% (2008 est.) |
Budget:
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revenues: $40.36 billion
expenditures: $28.08 billion (2008 est.) |
Budget revenues per capita:
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48,435 USD per capita |
Public debt:
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6% of GDP (2008 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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12.6% (2008 est.) |
Electricity - production:
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14.41 billion kWh (2006 est.) |
Electricity - production per capita:
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17,294 kWh per capita |
Electricity - consumption:
|
13.19 billion kWh (2006 est.) |
Electricity - consumption - per capita:
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15,829 kWh per capita |
Electricity - exports:
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0 kWh (2007 est.) |
Electricity - imports:
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0 kWh (2007 est.) |
Oil - production:
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1.125 million bbl/day (2007 est.) |
Oil - production per capita:
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1,350,079 bbl/day per capita |
Oil - consumption:
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108,900 bbl/day (2006 est.) |
Oil - consumption - per capita:
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47.70 bbl/year per capita |
Oil - exports:
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1.026 million bbl/day (2005) |
Oil - imports:
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0 bbl/day (2005) |
Oil - proved reserves:
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15.21 billion bbl (1 January 2008 est.) |
Natural gas - production:
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59.8 billion cu m (2007 est.) |
Natural gas - production per capita:
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71,765 cu m per capita |
Natural gas - consumption:
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20.5 billion cu m (2007 est.) |
Natural gas - consumption - per capita:
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24,602 cu m per capita |
Natural gas - exports:
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39.3 billion cu m (2007 est.) |
Natural gas - imports:
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0 cu m (2007 est.) |
Natural gas - proved reserves:
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25.63 trillion cu m (1 January 2008 est.) |
Agriculture - products:
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fruits, vegetables; poultry, dairy products, beef; fish |
Current account balance:
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$22.71 billion (2008 est.) |
Current account balance - per capita:
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27,254 USD per capita |
Exports:
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$62.44 billion f.o.b. (2008 est.) |
Exports per capita:
|
74,933 USD per capita |
Exports - commodities:
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liquefied natural gas (LNG), petroleum products, fertilizers, steel |
Exports - partners:
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Japan 39.9%, South Korea 19.9%, Singapore 9.9%, India 5.1%, Thailand 4.9%, UAE 4% (2007) |
Imports:
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$24.96 billion f.o.b. (2008 est.) |
Imports per capita:
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29,954 USD per capita |
Imports - commodities:
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machinery and transport equipment, food, chemicals |
Imports - partners:
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US 13.3%, Italy 10.8%, Japan 8.9%, France 7.9%, Germany 7.3%, UK 5.7%, South Korea 5.6%, UAE 5.1%, Saudi Arabia 4.3% (2007) |
Reserves of foreign exchange and gold:
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$16.81 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
20,174 USD per capita |
Debt - external:
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$48.91 billion (31 December 2008 est.) |
Debt - external - per capita:
|
58,696 USD per capita |
Stock of direct foreign investment - at home:
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$3.627 billion (2008 est.) |
Stock of direct foreign investment - at home - per capita:
|
4,353 USD per capita |
Stock of direct foreign investment - abroad:
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$9.143 billion (2008 est.) |
Stock of direct foreign investment - abroad - per capita:
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10,973 USD per capita |
Market value of publicly traded shares:
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$95.49 billion (31 December 2007) |
Market value of publicly traded shares - per capita:
|
114,595 USD per capita |
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):
|
Qatari rial (QAR) |
Exchange rates:
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Qatari rials (QAR) per US dollar - 3.64 (2008 est.), 3.64 (2007), 3.64 (2006), 3.64 (2005), 3.64 (2004) |
Fiscal year:
|
1 April - 31 March |
|
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