Economy Of Qatar
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Economy overview
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Oil and gas account for more than 55% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have given Qatar a per capita GDP about 80% of that of the leading West European industrial countries. Proved oil reserves of 14.5 billion barrels should ensure continued output at current levels for 23 years. Qatar's proved reserves of natural gas exceed 17.9 trillion cubic meters, more than 5% of the world total and third largest in the world. Long-term goals feature the development of offshore natural gas reserves to offset the ultimate decline in oil production. Since 2000, Qatar has consistently posted trade surpluses largely because of high oil prices and increased natural gas exports.
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GDP
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purchasing power parity - $17.54 billion (2004 est.)
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GDP - real growth rate
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8.5% (2004 est.)
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GDP - per capita
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purchasing power parity - $21,500 (2004 est.)
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GDP - composition by sector
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agriculture: 0.4%
industry: 70.8%
services: 28.8% (2004 est.)
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Investment gross fixed
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23.2% of GDP (2004 est.)
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Population below poverty line
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NA
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Household income or consumption by percentage share
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lowest 10%: NA
highest 10%: NA
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Distribution of family income - Gini index
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Inflation rate consumer prices
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2.3% (2004 est.)
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Labor force
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140,000 (2004 est.)
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Labor force by occupation
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Unemployment rate
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2.7% (2001)
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Budget
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revenues: $8.202 billion
expenditures: $6.981 billion, including capital expenditures of $2.2 billion (2004 est.)
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Public debt
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72.7% of GDP (2004 est.)
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Agriculture products
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fruits, vegetables; poultry, dairy products, beef; fish
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Industries
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crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement
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Industrial production growth rate
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10% (2003 est.)
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Electricity production
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9.264 billion kWh (2001)
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Electricity production by source
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fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
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Electricity consumption
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8.616 billion kWh (2001)
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Electricity exports
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0 kWh (2001)
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Electricity imports
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0 kWh (2001)
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Oil production
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864,200 bbl/day (2004 est.)
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Oil consumption
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29,000 bbl/day (2001 est.)
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Oil exports
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NA (2001)
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Oil imports
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NA (2001)
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Oil proved reserves
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14.51 billion bbl (2004)
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Natural gas production
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32.4 billion cu m (2001 est.)
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Natural gas consumption
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15.86 billion cu m (2001 est.)
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Natural gas exports
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16.54 billion cu m (2001 est.)
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Natural gas imports
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0 cu m (2001 est.)
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Natural gas proved reserves
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17.93 trillion cu m (2004)
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Current account balance
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$4.149 billion (2004 est.)
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Exports
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$12.36 billion f.o.b. (2004 est.)
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Exports commodities
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petroleum products, fertilizers, steel
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Exports partners
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Japan 46%, South Korea 18.5%, Singapore 9.5% (2003)
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Imports
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$5.711 billion f.o.b. (2003 est.)
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Imports commodities
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machinery and transport equipment, food, chemicals
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Imports partners
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US 12.2%, Japan 10.5%, Germany 9.6%, UK 8%, Italy 7.4%, UAE 6.7%, Saudi Arabia 5.9%, South Korea 5% (2003)
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Reserves of foreign exchange gold
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$2.952 billion (2004 est.)
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Debt external
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$17.5 billion (2004 est.)
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Economic aid recipient
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NA
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Currency
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Qatari rial (QAR)
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Currency code
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QAR
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Exchange rates
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Qatari rials per US dollar - 3.64 (2003), 3.64 (2002), 3.64 (2001), 3.64 (2000), 3.64 (1999)
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Fiscal year
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1 April - 31 March
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Applied Language Solutions offer English to Arabic Translation .
This information was reproduced in part from the CIA World Fact book.
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