Baladīyat ad Dawḩah
26 °C
  • Pressure: 1009 hPa
  • Humidity: 59 %
  • Clounds: 0%
  • clear sky
Sunday
35 °C
  • 1012 hPa
  • Humidity: 13 %
  • Clouds: 9%
  • sky is clear
Monday
34 °C
  • 1012 hPa
  • Humidity: 16 %
  • Clouds: 53%
  • broken clouds
Tuesday
37 °C
  • 1011 hPa
  • Humidity: 16 %
  • sky is clear
Wednesday
38 °C
  • 1009 hPa
  • Humidity: 12 %
  • sky is clear

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Economy of Qatar

Petroleum and liquefied natural gas are the cornerstones of Qatar's economy and account for more than 70% of total government revenue, more than 60% of gross domestic product, and roughly 85% of export earnings. Proved oil reserves of 15 billion barrels (588,000,000 m3) should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP that ranks among the highest in the world. Qatar's proved reserves of natural gas exceed 7000 km3, more than 5% of the world total and the third-largest reserves of any country in the world. Production and export of natural gas are becoming increasingly important. Long-term goals include the development of off-shore petroleum and the diversification of the economy.

Macro-economic trend

Qatar is now the richest country in the world. Current GDP per capita registered a world record-breaking peak growth of 1,156% in the 70s. This became quickly unsustainable and Qatar's current GDP per capita contracted 53% in the 80s. But rising global oil demand helped current GDP per capita to expand 94% in the 90s. Diversification is still a long-term issue for this over-exposed economy.

Qatar

Coordinates: 25°30′N 51°15′E / 25.500°N 51.250°E / 25.500; 51.250

Qatar (/ˈkæˌtɑːr/,i/ˈkɑːtɑːr/, /ˈkɑːtər/ or i/kəˈtɑːr/;Arabic: قطر Qaṭar [ˈqɑtˤɑr]; local vernacular pronunciation: [ɡɪtˤɑr]), officially the State of Qatar (Arabic: دولة قطر Dawlat Qaṭar), is a sovereign country located in Southwest Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf. A strait in the Persian Gulf separates Qatar from the nearby island of Bahrain, as well as sharing sea borders with the United Arab Emirates and Iran.

Following Ottoman rule, Qatar became a British protectorate in the early 20th century until gaining independence in 1971. Qatar has been ruled by the Al Thani family since the mid-19th century. Qatar is a hereditary constitutional monarchy and its head of state is Emir Sheikh Tamim bin Hamad Al Thani. The constitution was overwhelmingly approved in a constitutional referendum, with almost 98% in favour. In 2013, Qatar's total population was 1.8 million: 278,000 Qatari citizens and 1.5 million expatriates. After Saudi Arabia and Oman, Qatar is the most conservative society in the Gulf Cooperation Council.

Qatar (disambiguation)

Qatar is a country in the Middle East.

Qatar may also refer to:

  • Qatar, Iran (disambiguation), places in Iran
  • Qatar Airways, the state-owned flag carrier of Qatar
  • Qatar SC, a sports club based in Doha, Qatar
  • 2011 AFC Asian Cup

    The 2011 AFC Asian Cup finals were held in Qatar on 7–29 January 2011. It was the fifteenth time the tournament has been held, and the second time it has been hosted by Qatar, the other being the 1988 AFC Asian Cup. Japan won the cup after a 1–0 win against Australia, and earned the right to compete in the 2013 FIFA Confederations Cup in Brazil as the representative from AFC.

    A television viewing audience of 484 million in 80 countries across the Asia-Pacific region, Europe, North America and North Africa witnessed Japan defeat Australia 10 in the final.

    Host selection

    Qatar, India and Iran all lodged interest in hosting the 2011 AFC Asian Cup, while Australia also considered making a late bid. Qatar officially submitted their bid on 19 June 2006, while India withdrew their interest and Iran failed to submit proper documentation for their bid on time.

    Qatar was announced as host nation on 29 July 2007, during the 2007 AFC Asian Cup in Jakarta, Indonesia. Due to FIFA regulations stating that confederation events can be hosted either in January or July, and July being peak summer heat in the Middle East, it was also announced that the tournament would be held in January of that year.

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    Latest News for: Qatar economy

    Edit

    ‘Qatar draws best talents in technology sector’

    The Peninsula 04 Apr 2025
    Qatar is transforming into a hub for startups and innovation, especially in sectors like technology, fintech, and healthcare ... Qatar offers diverse economic incentives for foreign investors and businesses.
    Edit

    Growing consumer demand fuels Qatar’s retail market

    The Peninsula 04 Apr 2025
    “Companies within both sectors are adopting strategies that prioritise employee satisfaction, training, and leadership development, aligning with Qatar’s vision for a sustainable and progressive economy,” Youssef said.
    Edit

    Remittances, currency exchanges increase during Ramadan and Eid

    The Peninsula 03 Apr 2025
    Qatar enjoys a solid and strong economy that promotes existence of an ideal and attractive environment for job seekers, especially considering the availability of various, multiple, and safe channels to send money abroad.
    Edit

    Trump’s tariff overhaul: A seismic shift for GCC oil sector

    Khaleejtimes 03 Apr 2025
    The move, which upends decades of trade norms, has placed the GCC economies— the UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, and Oman—in a precarious position.
    Edit

    Al Udeid Air Base: A strategic asset for US power in the Gulf

    The Hill 02 Apr 2025
    Al Udeid Air Base in Qatar represents just that ... Qatar’s investment in Al Udeid has kept the base at the forefront of military readiness while saving U.S ... Beyond hosting the base, Qatar remains a key regional partner, collaborating with the U.S.
    Edit

    Trump Plans Saudi Arabia Visit to Secure $1 Trillion Investment

    Khaleej Mag 02 Apr 2025
    The visit, which may also include stops in Qatar and the United Arab Emirates (UAE), is expected to focus on securing over $1 trillion in investments for the U.S. economy ... economy, including military equipment purchases.
    Edit

    Is GCC immune to a fallout of the imminent global trade war ?

    Khaleejtimes 02 Apr 2025
    The escalating trade conflict threatens to dampen global growth, a blow that could slash oil prices — the lifeblood of GCC economies like Saudi Arabia, the UAE, Qatar, Oman, and Bahrain. .
    Edit

    How to choose the right airline for a long-haul flight

    The Oregonian 01 Apr 2025
    My choice came down to Emirates or Qatar Airways ... I chose Qatar Airways because I had already flown the carrier on an ultra-long-haul flight in economy class from Doha to Cape Town, South Africa, and I was surprised by how comfortable it was.
    Edit

    Trump says he will visit Saudi Arabia, Qatar, UAE as early as May

    LBC International 01 Apr 2025
    ... also planned in Qatar and the United Arab Emirates ... economy, including purchases of military equipment. He suggested similar agreements would be signed in Qatar and the UAE.
    Edit

    US President Donald Trump likely to visit UAE in May

    Khaleejtimes 01 Apr 2025
    US President Donald Trump said on Monday he plans to visit Saudi Arabia as early as May to sign an investment agreement in what will be the first foreign trip of his second term, with stops also planned in Qatar and the United Arab Emirates.
    Edit

    Weex crypto exchange sets up headquarters in UAE

    Cryptopolitan 01 Apr 2025
    The biggest two countries being Turkey and Morocco, while the fastest growing countries were Saudi Arabia and Qatar. Saudi Arabia remained the fastest-growing crypto economy in the MENA region, growing by 154% year-over-year ... Cryptopolitan Academy.
    Edit

    Qatar ranks second in UN’s Tourism Online Academy

    The Peninsula 31 Mar 2025
    Doha, Qatar ... With over 8,800 students enrolled from various nationalities, Qatar stands out as the second-largest contributor to this growing educational initiative, said a top official ... economy.
    Edit

    Municipality progressing well towards zero-waste target

    Gulf-Times 30 Mar 2025
    These include the ministerial decision no 143 for 2022 on the regulations of using plastic bags, besides the launch of the comprehensive national programme for sorting waste at the source, and the ...
    Edit

    ‘Qatar cements its position as premier destination for investors’

    The Peninsula 28 Mar 2025
    The economic boom in Qatar is largely attributed to the government’s commitment to diversifying the economy, reducing its dependence on oil revenues, and expanding infrastructure projects ... economy.
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