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Qatar Economy 1996
Oil is the backbone of the economy and accounts for more than 30% of GDP,
roughly 75% of export earnings, and 70% of government revenues. Proved oil
reserves of 3.3 billion barrels should ensure continued output at current
levels for about 25 years. Oil has given Qatar a per capita GDP comparable
to the leading West European industrial countries. Production and export of
natural gas are becoming increasingly important. Long-term goals feature the
development of off-shore oil and the diversification of the economy.
GDP - purchasing power parity - $10.7 billion (1994 est.)
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National product real growth rate:
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National product per capita:
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Inflation rate (consumer prices):
$3 billion, including capital expenditures of $440 million (1992 est.)
$3.13 billion (f.o.b., 1993 est.)
petroleum products 75%, steel, fertilizers
Japan 57%, South Korea 9%, Brazil 4%, UAE 4%, Singapore 3% (1992)
$1.75 billion (f.o.b., 1993 est.)
machinery and equipment, consumer goods, food, chemicals
Japan 16%, UK 11%, US 11%, Germany 7%, France 5% (1992)
accounts for 50% of GDP, including oil
crude oil production and refining, fertilizers, petrochemicals, steel (rolls
reinforcing bars for concrete construction), cement
farming and grazing on small scale, less than 2% of GDP; agricultural area
is small and government-owned; commercial fishing increasing in importance;
most food imported
pledged in ODA to less developed countries (1979-88), $2.7 billion
1 Qatari riyal (QR) = 100 dirhams
Qatari riyals (QR) per US$1 - 3.6400 riyals (fixed rate)
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