Qatar is one of the world’s most dynamic and fastest growing economies, almost tripling in size from 2005 to achieve a nominal GDP of US$188.8 billion and the wealthiest nation by per capita GDP in 2013 and around US$196.6 billion in 2014 (see table).
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QATAR’S Economy – IMF Outlook |
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| Subject Descriptor | Units | Scale | 2013 | 2014 | 2015 |
| GDP, constant prices | National currency | Billions | 360 | 378.1 | 403.1 |
| GDP, constant prices | Percentage change | 5.2 | 5 | 6.6 | |
| GDP, current prices | U.S. dollars | Billions | 687.3 | 715.6 | 759.7 |
| GDP, current prices | National currency | Billions | 188.8 | 196.6 | 208.7 |
| GDP per capita constant prices |
National currency | Units | 188,282.70 | 190,124.70 | 194,886.3 |
| GDP per capita current prices |
U.S. dollars | Units | 359,403.00 | 359,841.20 | 367,292.40 |
| GDP per capita current prices |
Percentage change | Units | 98,737.10 | 98,857.50 | 100,904.50 |
| Inflation, average consumer prices |
Percentage change | 3 | 4 | 4 | |
| Population | Persons | Millions | 1.9 | 2 | 2.1 |
| Current account balance |
U.S. dollars | Billions | 55.3 | 46.6 | 36 |
| Current account balance |
Percent of GDP | 29.3 | 23.7 | 17.2 | |
The National Vision 2030 guides the country’s growth. The government is committed to creating a dynamic, competitive and broad-based economy by increasing economic diversification through the re-investment of Qatar’s significant energy wealth. Qatar has over US$25.4tln in proven hydrocarbon reserves to be monetized over the next 100 years and sustain for long-term growth & development.
With a long term sovereign rating of AA and a stable outlook, Qatar is the highest rated GCC state by S&P. Qatar was ranked 14th and the highest in the MENA region in the World Economic Forum competitiveness Index, and was also placed 38th overall in the Global Financial Centres Index (GFCI) in 2012.
Qatar is the fastest growing economy in one of the world’s fastest emerging markets, this targeted three hub strategy seeks to leverage Qatar’s unique strengths and development opportunities providing access to emerging market returns at developed market risk levels. Additionally, the State of Qatar is committed to provide adequate pro investment climate measuring up to the expectations of private national and foreign industrial investment.
The rapid expansion in QATAR’s economy in recent years has also spawned a massive investment in infrastructure projects. Over the next 5 years, Qatar will invest more than US$260 billion on a range of projects across the Country.