The Gross Home Product (GDP) in Qatar contracted 0.30 % within the second quarter of 2021 over the earlier quarter. supply: Qatar Statistics Authority
GDP Development Charge in Qatar averaged 1.93 % from 2004 till 2021, reaching an all time excessive of 14.40 % within the second quarter of 2008 and a file low of -23.20 % within the fourth quarter of 2008. This web page supplies – Qatar GDP Development Charge – precise values, historic knowledge, forecast, chart, statistics, financial calendar and information. Qatar GDP Development Charge – knowledge, historic chart, forecasts and calendar of releases – was final up to date on November of 2021.
GDP Development Charge in Qatar is predicted to be 2.50 % by the tip of this quarter, in response to Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Qatar GDP Development Charge is projected to pattern round 2.00 % in 2022, in response to our econometric fashions.
Qatar GDP Development Charge
Qatar is likely one of the wealthiest international locations on the earth when it comes to GDP per capita. Qatar’s financial system is extremely depending on oil and fuel extraction which accounts for greater than 50% of GDP, 85% of export earnings, and 70% of presidency revenues. Since confirmed oil and fuel reserves are estimated to maintain present manufacturing ranges just for the medium run, the federal government has been making efforts to diversify the financial system right into a sustainable long-term earnings mannequin. This contains investments within the petrochemical sector, promotion of a enterprise tourism sector and reforms in its monetary sector.