| Economy | Qatar |
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Economy - overview:
|
Qatar has prospered in the last several years with continued high real GDP growth in 2011. Qatari authorities throughout the financial crisis sought to protect the local banking sector with direct investments into domestic banks. GDP rebounded in 2010 largely due to the increase in oil prices and 2011's growth was supported by Qatar's investment in expanding its gas sector. 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 likely have made Qatar the highest per-capita income country - ahead of Liechtenstein - and the country with the lowest unemployment. Proved oil reserves in excess of 25 billion barrels should enable continued output at current levels for 57 years. Qatar's proved reserves of natural gas exceed 25 trillion cubic meters, more than 13% of the world total and third largest in the world. Qatar's successful 2022 world cup bid will likely accelerate large-scale infrastructure projects such as Qatar's metro system and the Qatar-Bahrain causeway. |
GDP (purchasing power parity):
|
$181.7 billion (2011 est.)
$153 billion (2010 est.)
$131.2 billion (2009 est.)
note: data are in 2011 US dollars |
GDP - per capita (PPP):
|
$102,700 (2011 est.)
$90,000 (2010 est.)
$80,000 (2009 est.)
note: data are in 2011 US dollars |
GDP (official exchange rate):
|
$173.2 billion (2011 est.) |
GDP - real growth rate:
|
18.7% (2011 est.)
16.6% (2010 est.)
12% (2009 est.) |
GDP - composition by sector:
|
agriculture: 0%
industry: 79%
services: 20.9% (2011 est.) |
Investment (gross fixed):
|
25.2% of GDP (2011 est.) |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
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lowest 10%: 1.3%
highest 10%: 35.9% |
Distribution of family income - Gini index:
|
41.1 (2007) |
Inflation rate (consumer prices):
|
2.8% (2011 est.)
-2.4% (2010 est.) |
Central bank discount rate:
|
3.5% (31 December 2010 est.)
5.5% (31 December 2009 est.) |
Commercial bank prime lending rate:
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6% (31 December 2011 est.)
7.34% (31 December 2010 est.) |
Stock of money:
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$14.59 billion (31 December 2009)
$13.98 billion (31 December 2008) |
Stock of money - per capita:
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17,205 USD per capita |
Stock of quasi money:
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$44.5 billion (31 December 2009)
$36.58 billion (31 December 2007) |
Stock of quasi money - per capita:
|
52,476 USD per capita |
Stock of domestic credit:
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$102.6 billion (31 December 2011 est.)
$89.61 billion (31 December 2010 est.) |
Stock of domestic credit - per capita:
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120,989 USD per capita |
Stock of narrow money:
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$23.5 billion (31 December 2011 est.)
$18.77 billion (31 December 2010 est.) |
Stock of broad money:
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$89.59 billion (31 December 2011 est.)
$72.72 billion (31 December 2010 est.) |
Labor force:
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1.32 million (2011 est.) |
Labor force participation rate:
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155.66 % of population |
Labor force - by occupation:
|
void |
Unemployment rate:
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0.4% (2011 est.)
0.5% (2010 est.) |
Unemployment, youth ages 15-24:
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total: 1.6%
male: 0.7%
female: 7.5% (2007) |
Budget:
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revenues: $68.79 billion
expenditures: $37.88 billion (2011 est.) |
Budget revenues per capita:
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81,119 USD per capita |
Taxes and other revenues:
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39.7% of GDP (2011 est.) |
Budget surplus (+) or deficit (-):
|
17.8% of GDP (2011 est.) |
Public debt:
|
8.9% of GDP (2011 est.)
8.6% of GDP (2010 est.) |
Industries:
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liquefied natural gas, crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair |
Industrial production growth rate:
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27.1% (2010 est.) |
Electricity - production:
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19.18 billion kWh (2009 est.) |
Electricity - production per capita:
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22,618 kWh per capita |
Electricity - consumption:
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18.79 billion kWh (2008 est.) |
Electricity - consumption - per capita:
|
22,158 kWh per capita |
Electricity - exports:
|
0 kWh (2009 est.) |
Electricity - imports:
|
0 kWh (2009 est.) |
Oil - production:
|
1.437 million bbl/day (2010 est.) |
Oil - production per capita:
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1,694,544 bbl/day per capita |
Oil - consumption:
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166,000 bbl/day (2010 est.) |
Oil - consumption - per capita:
|
71.45 bbl/year per capita |
Oil - exports:
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1.038 million bbl/day (2009 est.) |
Oil - imports:
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4,108 bbl/day (2009 est.) |
Oil - proved reserves:
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25.38 billion bbl (1 January 2011 est.) |
Natural gas - production:
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116.7 billion cu m (2010 est.) |
Natural gas - production per capita:
|
137,616 cu m per capita |
Natural gas - consumption:
|
21.89 billion cu m (2010 est.) |
Natural gas - consumption - per capita:
|
25,814 cu m per capita |
Natural gas - exports:
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94.81 billion cu m (2010 est.) |
Natural gas - imports:
|
0 cu m (2010 est.) |
Natural gas - proved reserves:
|
25.37 trillion cu m (1 January 2011 est.) |
Agriculture - products:
|
fruits, vegetables; poultry, dairy products, beef; fish |
Current account balance:
|
$76.37 billion (2011 est.)
$45.11 billion (2010 est.) |
Current account balance - per capita:
|
90,058 USD per capita |
Exports:
|
$104.3 billion (2011 est.)
$72.04 billion (2010 est.) |
Exports per capita:
|
122,993 USD per capita |
Exports - commodities:
|
liquefied natural gas (LNG), petroleum products, fertilizers, steel |
Exports - partners:
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Japan 30.3%, South Korea 13.1%, India 8%, Singapore 7.7%, UK 4.2% (2010) |
Imports:
|
$25.33 billion (2011 est.)
$20.94 billion (2010 est.) |
Imports per capita:
|
29,870 USD per capita |
Imports - commodities:
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machinery and transport equipment, food, chemicals |
Imports - partners:
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US 15.5%, Germany 9%, UAE 7.3%, South Korea 6.5%, UK 6.1%, Japan 5.6%, Saudi Arabia 5.4%, Italy 5.3%, France 4.5%, China 4.2% (2010) |
Reserves of foreign exchange and gold:
|
$20.39 billion (31 December 2011 est.)
$31.19 billion (31 December 2010 est.) |
Reserves of foreign exchange and gold - per capita:
|
24,045 USD per capita |
Debt - external:
|
$82.05 billion (31 December 2011 est.)
$75.13 billion (31 December 2010 est.) |
Debt - external - per capita:
|
96,756 USD per capita |
Stock of direct foreign investment - at home:
|
$32.29 billion (31 December 2011 est.)
$26.38 billion (31 December 2010 est.) |
Stock of direct foreign investment - at home - per capita:
|
38,078 USD per capita |
Stock of direct foreign investment - abroad:
|
$23.54 billion (31 December 2011 est.)
$19.49 billion (31 December 2010 est.) |
Stock of direct foreign investment - abroad - per capita:
|
27,759 USD per capita |
Market value of publicly traded shares:
|
$123.6 billion (31 December 2010)
$87.86 billion (31 December 2009)
$76.31 billion (31 December 2008) |
Market value of publicly traded shares - per capita:
|
145,752 USD per capita |
Currency (code):
|
Qatari rial (QAR) |
Exchange rates:
|
Qatari rials (QAR) per US dollar -
3.64 (2011 est.)
3.64 (2010 est.)
3.64 (2009)
3.64 (2008)
3.64 (2007) |
Fiscal year:
|
1 April - 31 March |
|
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