Current Account in Qatar
Qatar - Current AccountThe economy grew 4.0% year-on-year in Q2, rebounding firmly from the first quarter’s 2.5% contraction. The upturn was spearheaded by a solid expansion in the non-energy sector, although the result was flattered by a base effect and underlying momentum was likely constrained by tougher Covid-19 restrictions early in the quarter. Turning to Q3, conditions seemed to improve. The PMI averaged markedly higher in the first two months of the quarter compared to Q2. Moreover, higher crude oil and natural gas prices globally should have boosted the country’s all-important energy sector, in turn buttressing overall economic activity. In other news, on 2 October Qataris voted in the country’s first ever legislative elections to the Shura Council. However, the Council’s remit is limited, and a significant shift in economic policy is unlikely.
Qatar - Current Account Data
|Current Account (% of GDP)||8.5||-5.5||3.8||8.7||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Qatar Current Account Chart
Source: Qatar Central Bank.
|Exchange Rate||3.64||-0.03 %||Dec 31|
|Stock Market||0.1||0.34 %||Jan 07|
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