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Qatar Economy 1996


    • Overview:
      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.

    • National product:
      GDP - purchasing power parity - $10.7 billion (1994 est.)

    • National product real growth rate:
      -1% (1994 est.)

    • National product per capita:
      $20,820 (1994 est.)

    • Inflation rate (consumer prices):
      3% (1993 est.)

    • Unemployment rate:
      NA%

    • Budget:

        revenues:
        $2.5 billion

        expenditures:
        $3 billion, including capital expenditures of $440 million (1992 est.)

    • Exports:
      $3.13 billion (f.o.b., 1993 est.)

        commodities:
        petroleum products 75%, steel, fertilizers

        partners:
        Japan 57%, South Korea 9%, Brazil 4%, UAE 4%, Singapore 3% (1992)

    • Imports:
      $1.75 billion (f.o.b., 1993 est.)

        commodities:
        machinery and equipment, consumer goods, food, chemicals

        partners:
        Japan 16%, UK 11%, US 11%, Germany 7%, France 5% (1992)

    • External debt:
      $1.5 billion (1993 est.)

    • Industrial production:
      accounts for 50% of GDP, including oil

    • Electricity:

        capacity:
        1,520,000 kW

        production:
        4.5 billion kWh

        consumption per capita:
        8,415 kWh (1993)

    • Industries:
      crude oil production and refining, fertilizers, petrochemicals, steel (rolls reinforcing bars for concrete construction), cement

    • Agriculture:
      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

    • Economic aid:

        donor:
        pledged in ODA to less developed countries (1979-88), $2.7 billion

    • Currency:
      1 Qatari riyal (QR) = 100 dirhams

    • Exchange rates:
      Qatari riyals (QR) per US$1 - 3.6400 riyals (fixed rate)

    • Fiscal year:
      1 April - 31 March






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