Current Account in Qatar
Qatar - Current AccountGrowth was likely modest in the second quarter, after a rebound in the energy sector propelled a slight acceleration in the first quarter. The non-energy sector seems to have lost momentum in Q2, with the non-oil private sector PMI slipping throughout the period. This was despite healthy annual credit growth; higher tourist arrivals, thanks to government initiatives; and a pick-up in building permits in the period, which bodes well for construction activity. Furthermore, the energy sector appeared subdued, as suggested by limp mining and quarrying activity in the quarter. Turning to the third quarter, the data looks no more promising: In July, merchandise exports were down significantly, while the PMI plunged to a fresh all-time low.
Qatar - Current Account Data
|Current Account (% of GDP)||30.4||24.0||8.5||-5.5||3.8|
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 %||Sep 04|
|Stock Market||0.1||0.34 %||Aug 28|
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