Current Account in Qatar
Qatar - Current AccountGrowth 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
|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 %||Jul 11|
|Stock Market||0.1||0.34 %||Jul 11|
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