Economy of Qatar

Topics: Natural gas, Petroleum, Macroeconomics Pages: 3 (385 words) Published: September 30, 2011
QATAR

Overview of Economy

• Population of 1.2 million 70% of labour force
foreign expatriates
• Mixed economy
• No income tax/minimum wage
• Income per person of $80,870
• Banking sector
• Inflation(CPI):4.9%
• FDI inflow $8.7 billion

Overview of Economy

• Exports ($37.43 billion )include liquefied
natural gas (LNG), petroleum products,
fertilizers , steel
• Petroleum:71% Gov revenue
• Largest trading partners include Japan 38.5%
South Korea 20.3%
• GDP - composition by sector: agriculture:
0.1%(2009 est.) agriculture: 0.1% industry:
79.4% services: 20.5% (2008 est.)

Key economic indicators

Emirate: Ruled by a dynasty
Mixed economy-
GDP Growth rate 19.4 %: 2010
Booming economy (Government recovery plan)
GDP: $122.2 billion, number 61 in the World Oil
& Gas = 50% of GDP
• Economic policy 2011: Focus on non-energy
sectors through attracting FDI.

Unemployment Figures

Balance of Payments

• Qatar imports for 2010 were $57.82 billion
(2010 est.)
• Major import commodities for Qatar included
machinery, food, chemicals, and transport
equipments.
• Major exports are liquefied petroleum gas,
petroleum products, steel, and fertilizers,
were major commodities exported from Qatar
to other countries.

Opportunities and Threats

• World Cup
• Diversification into other sectors
• Predicted expiration of Petroleum/Gas
supplies in 2033

Expectations for Future

Focus on Tourism
$17 billion invested 2008
New Doha International Airport
December 2010
Qatar to host FIFA World Cup 2022

• Preparations underway
• $75 billion invested

Expectations for Future

• Infrastructure, public facilities, tourism &
transport
• 5-10 proposed stadia
• 40-80 thousand capacity
• Estimated preparation
• $65 billion
• Numerous jobs to be created
• Gain international exposure

Expectations for Future

Oil & Gas – source of gov revenue
High prices help fund budget
Danger of over reliance
Qatar should invest in...
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