| Economy | Qatar |
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Economy - overview:
|
Despite the global financial crisis, Qatar has maintained its economic growth of the last several years. Qatari authorities throughout the crisis sought to protect the local banking sector with direct investments into domestic banks. The drop in oil prices in late 2008 and the global financial crisis reduced Qatar's budget surplus and slowed the pace of investment and development projects in 2009, but GDP growth still registered more than 9% for the year and will likely rebound in 2010. 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 exceed 25 trillion cubic meters, about 14% of the world total and third largest in the world. |
GDP (purchasing power parity):
|
$101.2 billion (2009 est.)
$92.65 billion (2008 est.)
$81.7 billion (2007 est.)
note: data are in 2009 US dollars |
GDP - per capita (PPP):
|
$121,400 (2009 est.)
$112,300 (2008 est.)
$100,300 (2007 est.)
note: data are in 2009 US dollars |
GDP (official exchange rate):
|
$92.54 billion (2009 est.) |
GDP - real growth rate:
|
9.2% (2009 est.)
13.4% (2008 est.)
17.3% (2007 est.) |
GDP - composition by sector:
|
agriculture: 0.1%
industry: 65.9%
services: 34.1% (2009 est.) |
Investment (gross fixed):
|
32.3% of GDP (2009 est.) |
Population below poverty line:
|
NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
|
-3.9% (2009 est.)
15.2% (2008 est.) |
Central bank discount rate:
|
5.5% (31 December 2008)
5.5% (31 December 2007) |
Commercial bank prime lending rate:
|
6.84% (31 December 2008)
7.43% (31 December 2007) |
Stock of money:
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$13.98 billion (31 December 2008)
$9.718 billion (31 December 2007) |
Stock of money - per capita:
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16,777 USD per capita |
Stock of quasi money:
|
$36.58 billion (31 December 2008)
$22.6 billion (31 December 2007) |
Stock of quasi money - per capita:
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43,899 USD per capita |
Stock of domestic credit:
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$59.43 billion (31 December 2008)
$30.52 billion (31 December 2007) |
Stock of domestic credit - per capita:
|
71,321 USD per capita |
Labor force:
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1.202 million (2009 est.) |
Labor force participation rate:
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144.25 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
|
0.5% (2009 est.)
0.4% (2008 est.) |
Budget:
|
revenues: $32.06 billion
expenditures: $28.5 billion (2009 est.) |
Budget revenues per capita:
|
38,475 USD per capita |
Public debt:
|
7.1% of GDP (2009 est.)
5.1% of GDP (2008 est.) |
Industries:
|
crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair |
Industrial production growth rate:
|
12.3% (2009 est.) |
Electricity - production:
|
15.11 billion kWh (2007 est.) |
Electricity - production per capita:
|
18,134 kWh per capita |
Electricity - consumption:
|
13.73 billion kWh (2007 est.) |
Electricity - consumption - per capita:
|
16,477 kWh per capita |
Electricity - exports:
|
0 kWh (2008 est.) |
Electricity - imports:
|
0 kWh (2008 est.) |
Oil - production:
|
1.208 million bbl/day (2008 est.) |
Oil - production per capita:
|
1,449,685 bbl/day per capita |
Oil - consumption:
|
129,000 bbl/day (2008 est.) |
Oil - consumption - per capita:
|
56.51 bbl/year per capita |
Oil - exports:
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1.043 million bbl/day (2007 est.) |
Oil - imports:
|
0 bbl/day (2007 est.) |
Oil - proved reserves:
|
15.21 billion bbl (1 January 2009 est.) |
Natural gas - production:
|
76.98 billion cu m (2008 est.) |
Natural gas - production per capita:
|
92,382 cu m per capita |
Natural gas - consumption:
|
20.2 billion cu m (2008 est.) |
Natural gas - consumption - per capita:
|
24,242 cu m per capita |
Natural gas - exports:
|
56.78 billion cu m (2008 est.) |
Natural gas - imports:
|
0 cu m (2008 est.) |
Natural gas - proved reserves:
|
25.26 trillion cu m (1 January 2009 est.) |
Agriculture - products:
|
fruits, vegetables; poultry, dairy products, beef; fish |
Current account balance:
|
$3.786 billion (2009 est.)
$15.07 billion (2008 est.) |
Current account balance - per capita:
|
4,544 USD per capita |
Exports:
|
$37.43 billion (2009 est.)
$55.73 billion (2008 est.) |
Exports per capita:
|
44,919 USD per capita |
Exports - commodities:
|
liquefied natural gas (LNG), petroleum products, fertilizers, steel |
Exports - partners:
|
Japan 38.5%, South Korea 20.9%, Singapore 11.1%, India 4.5%, Thailand 4.4% (2008) |
Imports:
|
$20.87 billion (2009 est.)
$25.11 billion (2008 est.) |
Imports per capita:
|
25,046 USD per capita |
Imports - commodities:
|
machinery and transport equipment, food, chemicals |
Imports - partners:
|
US 12.1%, Germany 9%, Italy 8.9%, Japan 8%, South Korea 7.5%, France 6.2%, UAE 5.5%, UK 4.9%, Saudi Arabia 4.6%, Turkey 4.2%, China 4.2% (2008) |
Reserves of foreign exchange and gold:
|
$17.02 billion (31 December 2009 est.)
$9.998 billion (31 December 2008 est.) |
Reserves of foreign exchange and gold - per capita:
|
20,426 USD per capita |
Debt - external:
|
$63.16 billion (31 December 2009 est.)
$57.37 billion (31 December 2008 est.) |
Debt - external - per capita:
|
75,797 USD per capita |
Stock of direct foreign investment - at home:
|
$20.75 billion (31 December 2009 est.)
$3.627 billion (2008 est.) |
Stock of direct foreign investment - at home - per capita:
|
24,902 USD per capita |
Stock of direct foreign investment - abroad:
|
$9.468 billion (31 December 2009 est.)
$5.363 billion (31 December 2008 est.) |
Stock of direct foreign investment - abroad - per capita:
|
11,363 USD per capita |
Market value of publicly traded shares:
|
$76.31 billion (31 December 2008)
$95.49 billion (31 December 2007)
$61.56 billion (31 December 2006) |
Market value of publicly traded shares - per capita:
|
91,578 USD per capita |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$2.18 million |
Economic aid - recipient per capita:
|
3 USD per capita |
Currency (code):
|
Qatari rial (QAR) |
Exchange rates:
|
Qatari rials (QAR) per US dollar - 3.64 (2009), 3.64 (2008), 3.64 (2007), 3.64 (2006), 3.64 (2005) |
Fiscal year:
|
1 April - 31 March |
|
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