Current Account in Qatar

Qatar Current Account | Economic News & Forecasts

Qatar - Current Account

Growth likely accelerated in the first quarter after a frail final quarter last year. The real estate price index continued to edge higher in March, suggesting stabilization in the housing sector, while the non-oil private sector PMI and private sector credit growth averaged higher than in the quarter prior, boding well for domestic demand. Turning to Q2, the non-oil sector appeared to lose momentum in the quarter as reflected by its PMI declining in April and May, although should have remained solid overall. In April, industrial production picked up, tourist arrivals surged year-on-year and private credit growth accelerated. Meanwhile, state owned Qatar Petroleum signed a deal with Chevron in June to build a multi-billion dollar petrochemical project, boding well for investment and the energy sector going forward.

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 %Jul 11
Stock Market0.10.34 %Jul 11

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