Fiscal Balance in Qatar
Qatar - Fiscal BalanceThe economy accelerated in Q3, with strong growth in the construction; and accommodation and food services sub-sectors. In contrast, the mining and quarrying sub-sector contracted slightly. Looking to Q4, trade data for October and November paints a positive picture, with exports and the trade surplus rising by double digits in annual terms. Moreover, foreign reserves continued to rise in November. On the political front, approval of the 2019 budget forecasts the first fiscal surplus since 2014. Also, in a politically motivated move Qatar withdrew from OPEC effective January 2019.
Qatar - Fiscal Balance Data
|Fiscal Balance (% of GDP)||19.3||12.3||-0.9||-9.2||-5.8|
5 years of economic forecasts for more than 30 economic indicators.
Qatar Fiscal Balance Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Exchange Rate||3.64||-0.03 %||Jan 16|
|Stock Market||0.3||0.34 %||Jan 16|
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