Current Account in Qatar

Qatar Current Account | Economic News & Forecasts

Qatar - Current Account

The economy likely picked up in the second half of last year. Industrial output strengthened in the third quarter, while the non-oil sector PMI recovered in the fourth quarter. Moreover, year-on-year credit and visitor arrivals growth was strong in October–November, boding well for private consumption. That said, merchandise exports remained depressed up to November, partly due to lower energy exports. This follows Q2’s contraction in economic output as a dip in the non-mining and quarrying sector weighed on the headline figure. In other news, the government announced in December that the 2020 budget will amount to roughly USD 58 billion, a 1.9% increase from 2019, with major spending penciled in for World Cup 2022 preparations. The budget surplus is expected to shrink slightly.

Qatar - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)30.4  24.0  8.5  -5.5  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

Exchange Rate3.64-0.03 %Dec 31
Stock Market0.10.34 %Jan 07

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