Economy of Qatar
Population: 2.78 M (2018)
GDP per Capita: 68,794 USD (2018)
191,360 M.

GDP USD

(2018)

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102,560 M.

EXPORTS USD

(2018)

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65,810 M.

IMPORTS USD

(2018)

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48.63 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.49 % (2018)
GDP of 2010 USD USD 176.00 B. (2018)
GDP Current USD USD 191.36 B. (2018)
GDP per Capita Current USD USD 68,794 (2018)
GDP per capita, PPP USD 112,600 (2018)
GDP per Capita, 2010 USD USD 63,261 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 15.88 % (2018)
Government Spending USD 30.40 B. (2018)
Government Debt % GDP 48.63 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 170.65 (2018)
Trade Openness 87.99 % (2018)
Exports of Goods and Services % GDP 53.60 % (2018)
Exports Goods & Services USD 102.56 B. (2018)
Exports Annual Growth 0.67 % (2017)
Imports as % GDP 34.39 % (2018)
Total Imports USD 65.81 B. (2018)
Foreign Direct Investment % GDP 0.59 % (2017)
Foreign Direct Investment USD 0.99 B. (2017)
Current Account Balance % GDP USD 8.70 % (2018)
Current Account Balance USD 16.65 B. (2018)
Trade Balance % GDP 19.20 % (2018)
Trade Balance USD 36.75 B. (2018)
Foreign Exchange Reserves incl Gold USD 30.36 B. (2018)
Remittances % GDP 0.24 % (2018)
Remittances USD 467 M. (2018)
Balance of Payments USD 1,151 M. (2017)

Labor Market

Indicator Value
Labor Force 2.13 M. (2019)
Unemployment Rate 0.14 % (2019)
Unemployment Rate Females 0.43 % (2019)
Unemployment Rate Males 0.04 % (2019)
Youth Unemployment (ages 15-24) 0.62 % (2019)
Labor Force Participation Rate 87.02 % (2019)
Labor Force (Percent Female) 13.66 % (2019)
Female Labor Force Participation Rate 57.69 % (2019)
Male Labor Force Participation Rate 95.02 % (2019)
Dependent People 17.52 % (2018)

Agriculture Sector

Indicator Value
Forest Area
Forest Area km²
Agricultural Land 5.77 % (2016)
Agricultural Land km² 670 km² (2016)
Employment 1.22 % (2019)
Value added % GDP 0.18 % (2018)
Agriculture Value added USD 0.34 B. (2018)
Crop Production Index 129.70 (2016)
Precipitation 74 mm (2014)
Arable Land 1 % (2016)
Cereal Yield 5,108 kg/hectare (2017)
Food production index 170 (2016)
Rural Population 1 % (2018)
Fertilizer use of Arable Land 6,755 kg/hectare (2016)
Livestock Production Index 199 (2016)
Economy of Qatar

According to the World Bank and its latest published data, the economy of the Qatar presents a growth rate of 1.49 % (2018) to the previous year.

With a population that reaches 2.78 M (2018) and a gross domestic product of USD 191.36 B. (2018), it translates a Gross Domestic Product per Capita of USD 68,794 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Qatar also has a workforce of 2.13 M. (2019) with an unemployment rate of 0.14 % (2019), where women represent 0.43 % (2019) and men 0.04 % (2019), the unemployment rate for young people between 15-24 years old stood at 0.62 % (2019). The total number of dependent people stands at 17.52 % (2018).

The central government spent 15.88 % (2018) of its gross domestic product that year, which in absolute terms is USD 30.40 B. (2018). Its consolidated public debt reached 48.63 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Qatar exported USD 102.56 B. (2018), which represents 53.60 % (2018) of its gross domestic product, in that same sense its imports reached USD 65.81 B. (2018) with a direct foreign investment of USD 0.99 B. (2017).

Qatar has a forest area of , which represents of its total area, an average rainfall of 74 mm (2014) per year and a population of 1 % (2018) living in rural areas. With a total area of 670 km² (2016) available for agriculture and 1.22 % (2019) of its employments, the agricultural sector contributes to the economy of the Qatar about USD 0.34 B. (2018) (0.18 % (2018) of its GDP).