Property frontiers

Qatar:
Country Economic Overview

An Overview of the Qatari economy

Sample

An Overview of the Economy

Qatar's economy used to survive on the pearling and fishing industries but the discovery of oil has considerably helped the country's economy and allowed citizens to have a higher standard of living. Qatar's economy is also largely helped by gas reserves which are considered one of the country's main exports. Although oil and gas are primarily going to sustain the Qatar economy, the government is still trying to promote other sectors in the economy so the country isn't relying on only two sources of income.

statistics
GDP (PPP) (IMF) (US$Billions)	75.2
GDP (PPP) (CIA) (US$Billions)	57.7
GDP Growth (IMF) (%)	14.2
GDP Growth (CIA) (%)	14.2
GDP Per Capita (PPP) (IMF) (US$)	80,870
GDP Per Capita (PPP) (CIA) (US$)	80,900
GDP by Sector (%)	Agriculture: 0.1% Services: 28.7% Industry: 71.2%
Inflation (%)	13.8%
Population Below the Poverty Line (%)	-
Labour Force (Millions)	638,000
Labour Force by Occuptaion (%)	-
Unemployment (%)	0.7%
Main Industries	Crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair.

^{Source: CIA World Factbook}

GDP

Qatar has shown good economic growth over the past fifteen years and the country still continues to progress.

economic indicators	2003	2004	2005	2006	2007
GDP (US$Billions)	23.5	31.7	42.5	52.7	67.8
GDP Growth (%)	6.3%	17.7%	9.2%	10.3%	14.2%
GDP Per Capita (US$)	32,788	41,949	53,333	62,914	72,849
GDP Per Capita (PPP) (US$)	57,931	68,166	70,772	76,537	80,870
Inflation (%)	2.3%	6.8%	8.8%	11.8%	13.8%
Unemployment (%)	2.7%	2.7%	2.7%	2.7%	0.7%
Mobile Phone Users	43,476	376,500	376,500	716,800	919,800
Internet Users	75,000	126,000	126,000	219,000	289,900

^{Source: IMF, CIA World Factbook}

Major Exports & Imports

As the country is a large producer of oil and gas these are the country's main exports which are shipped out to bordering countries. Qatar's main imports include machinery and equipment, food and chemicals. With growing tourism more goods will have to be imported into the country to accommodate for this sector.