Fastest Growing Economy
Qatar was the fastest growing economy in the world from 2008-2019 as it developed its huge natural gas reserves and emerged as the largest LNG exporter in the world.
Focus On Development
Government spending will focus on infrastructure development in the run up to the 2022 World Cup and revenue is expected to stabilize in line with our assumption that hydrocarbon prices will ease slightly.
Increase By 18%
The government announced a record State Budget for 2018/2019, with overall expenditures budgeted to increase by 18% to US$57bn and revenues expected to increase by 6% to US$60bn
Over 7000 Investors in 2019
Highest Credit Ratings
Qatar has the highest credit ratings in the GCC, along with Kuwait. Its ratings also compare favourably with some of the most advanced economies in the world.
Qatar’s long-term foreign currency rating from Moody’s is currently at Aa2 and from Standard and Poor’s is at AA.
GDP per capita at purchasing power parity (PPP) was the highest in the world at US$102,211 in 2012.
Real GDP growth is forecast at 6.5% in 2013 and at 6.8% in 2014, as growth drivers are shifted towards the non-oil and gas sector and government spending stimulates private sector economic activities.