GDP in Qatar

Qatar GDP | Economic News & Forecasts

Qatar - GDP

The economic picture for Q3 was mixed. While the non-energy PMI averaged markedly higher relative to Q2 thanks to the rollback of Covid-19 restrictions, energy output was down notably in annual terms in July and August, before a slight recovery in September. Moving to Q4, the non-energy sector appeared to benefit from the shift to the final phase of the government’s lockdown easing plan in early October, with the PMI averaging well above its Q3 level in the quarter. However, the energy sector contracted in October, and Omicron is likely dampening momentum at the outset of 2022. On the fiscal front, the government presented its 2022 budget in December. Total spending is seen rising close to 5.0% due to World Cup outlays, while a small fiscal deficit is projected. However, the budget uses a highly conservative oil price projection, and our panelists see a large fiscal surplus this year.

Qatar - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)3.7  2.1  1.6  1.5  -0.2  

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Qatar GDP Chart

Qatar GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Ministry of Development Planning and Statistics and FocusEconomics calculations.

Qatar Facts

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

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