Qatar Economy:
Oil and gas account for more than 55% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have given Qatar a per capita GDP about 80% of that of the leading West European industrial countries. Proved oil reserves of 16 billion barrels should ensure continued output at current levels for 23 years. Qatar's proved reserves of natural gas exceed 14 trillion cubic meters, more than 5% of the world total and third largest in the world. Long-term goals feature the development of offshore natural gas reserves to offset the ultimate decline in oil production. In recent years, Qatar has consistently posted trade surpluses largely because of high oil prices and increased natural gas exports, becoming one of the world's fastest growing and highest per-capita income countries.
GDP (purchasing power parity):
$19.49 billion (2004 est.)
GDP real growth rate:
8.7% (2004 est.)
GDP per capita:
purchasing power parity: $23,200 (2004 est.)
GDP — composition by sector:
agriculture: 0.3%
industry: 58.2%
services: 41.5%
(2004)
Labor force:
140,000 (2004 est.)
Unemployment rate:
2.7% (2001 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
3% (2004 est.)
Investment (gross fixed):
22.9% of GDP (2004 est.)
Budget:
revenues: $10.17 billion (2004 est.)
expenditures: $7.61 billion including capital expenditures of $2.2 billion (2004 est.)
Public debt:
NA% of GDP
Agriculture — products:
Fruits, vegetables; poultry, dairy products, beef; fish
Industries:
crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair
Industrial production growth rate:
10% (2003 est.)
Electricity production:
9.73 billion kWh (2002 est.)
Electricity consumption:
9.05 billion kWh (2002 est.)
Electricity exports:
0 kWh (2002 est.)
Electricity imports:
0 kWh (2002 est.)
Oil — production:
790,000 bbl/day (2004 est.)
Oil — consumption:
30,000 bbl/day (2003 est.)
Oil — exports:
NA
Oil — imports:
NA
Oil — proved reserves:
16 billion bbl (2004 est.)
Natural gas — production:
32.4 billion cu m (2001 est.)
Natural gas — consumption:
15.86 billion cu m (2001 est.)
Natural gas — exports:
18.2 billion cu m (2004 est.)
Natural gas — imports:
0 cu m (2001 est.)
Natural gas — proved reserves:
14.41 trillion cu m (2004 est.)
Current account balance:
$5.19 billion (2004 est.)
Exports:
$15 billion (f.o.b. 2004 est.)
Exports commodities:
liquefied natural gas (LNG), petroleum products, fertilizers, steel
Exports partners:
Japan 41.9%, South Korea 15.8%, Singapore 9.1%, India 5.4% (2004)
Imports:
$6.15 billion (f.o.b. 2004 est.)
Imports commodities:
machinery and transport equipment, food, chemicals
Imports partners:
France 26.6%, Saudi Arabia 9.4%, US 9.5%, UAE 6.3%, Germany 5.2%, Japan 5.2%, UK 5.1% (2004)
Reserves of foreign exchange and gold:
$3.35 billion (2004 est.)
Debt external:
$18.62 billion (2004 est.)
Economic aid — recipient:
NA
Currency:
Qatari rial (QAR)
Exchange rates:
Qatari rials per US$: 3.64 (2004 est.), 3.64 (2003 est.), 3.64 (2002 est.), 3.64 (2001 est.), 3.64 (2000 est.)
Fiscal year:
1 April - 31 March
|
