Qatar’s oil and natural gas resources are the country’s main economic engine and government revenue source, driving Qatar’s high economic growth and per capita income levels, robust state spending on public entitlements, and booming construction spending, particularly as Qatar prepares to host the World Cup in 2022. Although the government has maintained high capital spending levels for ongoing infrastructure projects, low oil and natural gas prices in recent years have led the Qatari Government to tighten some spending to help stem its budget deficit.
Qatar’s reliance on oil and natural gas is likely to persist for the foreseeable future. Proved natural gas reserves exceed 25 trillion cubic meters - 13% of the world total and, among countries, third largest in the world. Proved oil reserves exceed 25 billion barrels, allowing production to continue at current levels for about 56 years. Despite the dominance of oil and natural gas, Qatar has made significant gains in strengthening non-oil sectors, such as manufacturing, construction, and financial services, leading non-oil GDP to steadily rise in recent years to just over half the total.
Following trade restriction imposed by Saudi Arabia, the UAE, Bahrain, and Egypt in 2017, Qatar established new trade routes with other countries to maintain access to imports.
$245.66 billion (2020 est.)
$255.01 billion (2019 est.)
$253.05 billion (2018 est.)
note: data are in 2017 dollars
1.6% (2017 est.)
2.1% (2016 est.)
3.7% (2015 est.)
$85,300 (2020 est.)
$90,000 (2019 est.)
$91,000 (2018 est.)
note: data are in 2017 dollars
$191.29 billion (2018 est.)
-0.6% (2019 est.)
0.2% (2018 est.)
0.3% (2017 est.)
Fitch rating: AA- (2017)
Moody's rating: Aa3 (2017)
Standard & Poors rating: AA- (2017)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 0.2% (2017 est.)
industry: 50.3% (2017 est.)
services: 49.5% (2017 est.)
household consumption: 24.6% (2017 est.)
government consumption: 17% (2017 est.)
investment in fixed capital: 43.1% (2017 est.)
investment in inventories: 1.5% (2017 est.)
exports of goods and services: 51% (2017 est.)
imports of goods and services: -37.3% (2017 est.)
tomatoes, dates, camel milk, sheep milk, goat milk, pumpkins/gourds, mutton, poultry, milk, eggplants
liquefied natural gas, crude oil production and refining, ammonia, fertilizer, petrochemicals, steel reinforcing bars, cement, commercial ship repair
3% (2017 est.)
1.953 million (2017 est.)
8.9% (2017 est.)
11.1% (2016 est.)
total: 0.5%
male: 0.2%
female: 1.7% (2020 est.)
N/A
41.1 (2007)
lowest 10%: 1.3%
highest 10%: 35.9% (2007)
revenues: 44.1 billion (2017 est.)
expenditures: 53.82 billion (2017 est.)
-5.8% (of GDP) (2017 est.)
53.8% of GDP (2017 est.)
46.7% of GDP (2016 est.)
26.4% (of GDP) (2017 est.)
1 April - 31 March
$6.426 billion (2017 est.)
-$8.27 billion (2016 est.)
$70.93 billion (2020 est.) note: data are in current year dollars
$92.05 billion (2019 est.) note: data are in current year dollars
$102.56 billion (2018 est.) note: data are in current year dollars
Japan 17%, South Korea 16%, India 14%, China 13%, Singapore 7% (2019)
natural gas, crude petroleum, refined petroleum, ethylene polymers, fertilizers (2019)
$59.06 billion (2020 est.) note: data are in current year dollars
$66.77 billion (2019 est.) note: data are in current year dollars
$65.81 billion (2018 est.) note: data are in current year dollars
United States 15%, France 13%, United Kingdom 9%, China 9%, Germany 5%, Italy 5% (2019)
aircraft, gas turbines, cars, jewelry, iron piping (2019)
$15.01 billion (31 December 2017 est.)
$31.89 billion (31 December 2016 est.)
$167.8 billion (31 December 2017 est.)
$157.9 billion (31 December 2016 est.)
Qatari rials (QAR) per US dollar -
3.641 (2020 est.)
3.641 (2019 est.)
3.641 (2018 est.)
3.64 (2014 est.)
3.64 (2013 est.)
NOTE: The information regarding Qatar on this page is re-published from the 2022 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Qatar 2022 information contained here. All suggestions for corrections of any errors about Qatar 2022 should be addressed to the CIA or the source cited on each page.
This page was last modified 01 Dec 23, Copyright © 23 ITA all rights reserved.