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Qatar:
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Other pages in this profile of Qatar:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.
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Economy - overview |
Definition 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) |
Definition - World rank and map $57.69 billion (2007) |
GDP (official exchange rate) |
Definition $67.76 billion (2007 est.) |
GDP - real growth rate |
Definition - World rank and map 14.2% (2007 est.) |
GDP - per capita |
Definition - World rank and map $80,900 (2007 est.) |
GDP - composition by sector |
Definition agriculture: 0.1% industry: 71.2% services: 28.7% (2007 est.) |
Labor force |
Definition 638,000 (2007 est.) |
Unemployment rate |
Definition - World rank and map 0.7% (2007 est.) |
Population below poverty line |
Definition NA% |
Household income or consumption by percentage share |
Definition lowest 10%: NA% highest 10%: NA% |
Inflation rate (consumer prices) |
Definition - World rank and map 13.8% (2007 est.) |
Investment (gross fixed) |
Definition - World rank and map 46.1% of GDP (2007 est.) |
Budget |
Definition revenues: $27.22 billion expenditures: $22.55 billion (2007 est.) |
Public debt |
Definition - World rank and map 11.7% of GDP (2007 est.) |
Agriculture - products |
Definition fruits, vegetables; poultry, dairy products, beef; fish |
Industries |
Definition crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair |
Industrial production growth rate |
Definition - World rank and map 8% (2007 est.) |
Electricity - production |
Definition - World rank and map 13.54 billion kWh (2005) |
Electricity - consumption |
Definition - World rank and map 12.52 billion kWh (2005) |
Electricity - consumption per capita |
Definition - World rank and map 13,482.2 kWh (2005) |
Electricity - exports |
Definition 0 kWh (2005) |
Electricity - imports |
Definition 0 kWh (2005) |
Oil - production |
Definition - World rank and map 1.111 million bbl/day (2005 est.) |
Oil - consumption |
Definition - World rank and map 95,000 bbl/day (2005 est.) |
Oil - consumption per 1,000 people |
Definition - World rank and map 102.3 bbl/day (2005 est.) |
Oil - exports |
Definition - World rank and map 960,600 bbl/day (2004) |
Oil - imports |
Definition - World rank and map 0 bbl/day (2004) |
Oil - proved reserves |
Definition - World rank and map 15.2 billion bbl (2007 est.) |
Natural gas - production |
Definition - World rank and map 43.93 billion cu m (2005 est.) |
Natural gas - consumption |
Definition - World rank and map 17.93 billion cu m (2005 est.) |
Natural gas - consumption per capita |
Definition - World rank and map 19,308 cu m (2005 est.) |
Natural gas - exports |
Definition - World rank and map 25.99 billion cu m (2005 est.) |
Natural gas - imports |
Definition - World rank and map 0 cu m (2005) |
Natural gas - proved reserves |
Definition - World rank and map 25.79 trillion cu m (1 January 2007 est.) |
Current account balance |
Definition - World rank and map $23.44 billion (2007 est.) |
Exports |
Definition - World rank and map $37.95 billion f.o.b. (2007 est.) |
Exports - commodities |
Definition liquefied natural gas (LNG), petroleum products, fertilizers, steel |
Exports - partners |
Definition Japan 50.1%, Singapore 12.4%, India 6.5%, Thailand 6.1%, UAE 5% (2006) |
Imports |
Definition - World rank and map $19.86 billion f.o.b. (2007 est.) |
Imports - commodities |
Definition machinery and transport equipment, food, chemicals |
Imports - partners |
Definition US 14.2%, Italy 11.5%, Japan 9.5%, France 8.4%, Germany 7.8%, UK 6.1%, UAE 5.5%, Saudi Arabia 4.6% (2006) |
Reserves of foreign exchange and gold |
Definition - World rank and map $9.788 billion (31 December 2007 est.) |
Debt - external |
Definition - World rank and map $33.09 billion (31 December 2007 est.) |
Stock of direct foreign investment - at home |
Definition $11.18 billion (2007 est.) |
Stock of direct foreign investment - abroad |
Definition $5.625 billion (2007 est.) |
Market value of publicly traded shares |
Definition $61.56 billion (2006) |
Economic aid - recipient |
Definition $2.18 million (2004) |
Currency (code) |
Definition Qatari rial (QAR) |
Exchange rates |
Definition Qatari rials per US dollar - 3.64 (2007), 3.64 (2006), 3.64 (2005), 3.64 (2004), 3.64 (2003) |
Fiscal year |
Definition 1 April - 31 March |
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