Current Account in Qatar

Qatar Current Account | Economic News & Forecasts

Qatar - Current Account

The economy accelerated in Q3, with strong growth in the construction; and accommodation and food services sub-sectors. In contrast, the mining and quarrying sub-sector contracted slightly. Looking to Q4, trade data for October and November paints a positive picture, with exports and the trade surplus rising by double digits in annual terms. Moreover, foreign reserves continued to rise in November. On the political front, approval of the 2019 budget forecasts the first fiscal surplus since 2014. Also, in a politically motivated move Qatar withdrew from OPEC effective January 2019.

Qatar - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)30.4  24.0  8.4  -5.4  3.8  

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Qatar Current Account Chart


Qatar Current Account
Note: Current account balance as % of GDP.
Source: Qatar Central Bank.

Qatar Facts

ValueChangeDate
Exchange Rate3.64-0.03 %Jan 16
Stock Market0.30.34 %Jan 16

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