Current Account in Qatar
Qatar - Current AccountThe 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
|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 %||Dec 31|
|Stock Market||0.1||0.34 %||Jan 07|
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