Countries
Qatar
Key Economic Indicators
$360.22 billion
$126,046
2.36%
1.27%
0.13%
$217.983 billion (2024 est.)
46.7% of GDP (2016 est.)
$37.88 billion
Economic Overview
<p>high-income, oil-and-gas-based Middle Eastern economy; implementing “National Vision 2030” government strategy for economic development, diversification, and favorable business conditions to boost investment and employment; expansion of LNG sector expected to boost growth; Islamic finance leader</p>
All Economic Data
Agricultural products
dates, chicken, tomatoes, camel milk, vegetables, cucumbers/gherkins, pumpkins/squash, eggs, sheep milk, eggplants (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
0.3% of household expenditures (2023 est.)
On food:
14.6% of household expenditures (2023 est.)
Budget
Expenditures:
$57.258 billion (2019 est.)
Revenues:
$65.922 billion (2019 est.)
Currency
code:
QAR
name:
Qatari riyal (QAR) [ر.ق]
Current account balance
$37.88 billion
Current account balance 2022:
$63.118 billion (2022 est.)
Current account balance 2023:
$36.453 billion (2023 est.)
Current account balance 2024:
$38.117 billion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency:
Qatari rials (QAR) per US dollar -
Exchange rates 2020:
3.64 (2020 est.)
Exchange rates 2021:
3.64 (2021 est.)
Exchange rates 2022:
3.64 (2022 est.)
Exchange rates 2023:
3.64 (2023 est.)
Exchange rates 2024:
3.64 (2024 est.)
Exports
$161.69 billion
Exports 2022:
$161.693 billion (2022 est.)
Exports 2023:
$128.709 billion (2023 est.)
Exports 2024:
$125.216 billion (2024 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
natural gas, crude petroleum, refined petroleum, plastics, fertilizers (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
China 18%, India 11%, S. Korea 10%, Japan 7%, Pakistan 6% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$460.16 million
GDP - composition, by end use
Exports of goods and services:
68.6% (2022 est.)
Government consumption:
12.9% (2022 est.)
Household consumption:
19.5% (2022 est.)
Imports of goods and services:
-31.6% (2022 est.)
Investment in fixed capital:
30.6% (2022 est.)
Investment in inventories:
0% (2022 est.)
Note:
<strong>note:</strong> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
0.3% (2024 est.)
Industry:
58.5% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
45.9% (2024 est.)
GDP (official exchange rate)
$217.983 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$76,689
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2017:
35.1 (2017 est.)
Note:
<strong>note:</strong> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$211.94 billion
GNI per capita
$77,290
Gross domestic investment
31 % of GDP
Household income or consumption by percentage share
Highest 10%:
25.8% (2017 est.)
Lowest 10%:
2.6% (2017 est.)
Note:
<strong>note:</strong> % share of income accruing to lowest and highest 10% of population
Imports
$74.52 billion
Imports 2022:
$74.52 billion (2022 est.)
Imports 2023:
$72.174 billion (2023 est.)
Imports 2024:
$69.692 billion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
gas turbines, cars, aircraft, iron pipes, ships (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
USA 12%, China 12%, UAE 9%, UK 7%, India 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
1.6% (2024 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
liquefied natural gas, crude oil production and refining, ammonia, fertilizer, petrochemicals, steel reinforcing bars, cement, commercial ship repair
Inflation rate (consumer prices)
1.27%
Inflation rate (consumer prices) 2022:
5% (2022 est.)
Inflation rate (consumer prices) 2023:
3% (2023 est.)
Inflation rate (consumer prices) 2024:
1.3% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
2.123 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
2.16 million persons
Labor force - by occupation
agriculture:
1.62%
industry:
38.02%
services:
60.36%
Public debt
Public debt 2016:
46.7% of GDP (2016 est.)
Real GDP (purchasing power parity)
$360.22 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$304.903 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$308.522 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$317.064 billion (2024 est.)
Real GDP growth rate
2.36%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
4.2% (2022 est.)
Real GDP growth rate 2023:
1.2% (2023 est.)
Real GDP growth rate 2024:
2.8% (2024 est.)
Real GDP per capita
$126,046
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$114,700 (2022 est.)
Real GDP per capita 2023:
$116,200 (2023 est.)
Real GDP per capita 2024:
$110,900 (2024 est.)
Remittances
$1.44 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
0.4% of GDP (2022 est.)
Remittances 2023:
0.7% of GDP (2023 est.)
Remittances 2024:
0.7% of GDP (2024 est.)
Reserves of foreign exchange and gold
$53.99 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$47.389 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$51.539 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$53.987 billion (2024 est.)
Unemployment rate
0.13%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
0.2% (2022 est.)
Unemployment rate 2023:
0.2% (2023 est.)
Unemployment rate 2024:
0.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
1.2% (2024 est.)
Male:
0.1% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
0.4% (2024 est.)
World Bank Indicators
Currency
Qatari riyal (QAR) . (2025)
Languages
Arabic (2025)
Economic Rankings
GDP per Capita
#6
Exports
#37
Reserves
#40
GDP (Nominal)
#55
Imports
#56
GDP (PPP)
#60
Gini Index
#109
GDP Growth Rate
#125
Inflation Rate
#165
Unemployment Rate
#179
Quick Facts
Industries
liquefied natural gas, crude oil production and refining, ammonia, fertilizer, petrochemicals, steel reinforcing bars, cement, commercial ship repair
Agricultural products
dates, chicken, tomatoes, camel milk, vegetables, cucumbers/gherkins, pumpkins/squash, eggs, sheep milk, eggplants (2023)
Labor force
2.123 million (2024 est.)
Exports - partners
China 18%, India 11%, S. Korea 10%, Japan 7%, Pakistan 6% (2023)
Imports - partners
USA 12%, China 12%, UAE 9%, UK 7%, India 5% (2023)
Exchange rates
Qatari rials (QAR) per US dollar -
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