Economy
Qatar
Budget
revenues
$65.922 billion (2019 est.)
expenditures
$57.258 billion (2019 est.)
Exports
Exports 2022
$161.693 billion (2022 est.)
Exports 2023
$128.709 billion (2023 est.)
Exports 2024
$125.216 billion (2024 est.)
Imports
Imports 2022
$74.52 billion (2022 est.)
Imports 2023
$72.174 billion (2023 est.)
Imports 2024
$69.692 billion (2024 est.)
Industries
liquefied natural gas, crude oil extraction and refining, ammonia, fertilizers, petrochemicals, steel reinforcement bars, cement, commercial ship maintenance
Labor force
2.123 million (2024 est.)
Public debt
Public debt 2016
46.7% of GDP (2016 est.)
Remittances
Remittances 2022
0.4% of GDP (2022 est.)
Remittances 2023
0.7% of GDP (2023 est.)
Remittances 2024
0.7% of GDP (2024 est.)
Exchange rates
Currency
Qatari rials (QAR) per US dollar -
Exchange rates 2020
3.64 (2020 est.)
Exchange rates 2021
3.64 (2021 est.)
Exchange rates 2022
3.64 (2022 est.)
Exchange rates 2023
3.64 (2023 est.)
Exchange rates 2024
3.64 (2024 est.)
Economic overview
high-income, oil-and-gas-centered Middle Eastern economy; executing the 'National Vision 2030' governmental strategy aimed at economic growth, diversification, and creating a conducive environment for business to enhance investment and job opportunities; anticipated expansion of the LNG sector to facilitate growth; leader in Islamic finance
Unemployment rate
Unemployment rate 2022
0.2% (2022 est.)
Unemployment rate 2023
0.2% (2023 est.)
Unemployment rate 2024
0.2% (2024 est.)
Exports - partners
China 18%, India 11%, South Korea 10%, Japan 7%, Pakistan 6% (2023)
Imports - partners
USA 12%, China 12%, UAE 9%, UK 7%, India 5% (2023)
Real GDP per capita
Real GDP per capita 2022
$114,700 (2022 est.)
Real GDP per capita 2023
$116,200 (2023 est.)
Real GDP per capita 2024
$110,900 (2024 est.)
Real GDP growth rate
Real GDP growth rate 2022
4.2% (2022 est.)
Real GDP growth rate 2023
1.2% (2023 est.)
Real GDP growth rate 2024
2.8% (2024 est.)
Agricultural products
dates, chicken, tomatoes, camel milk, vegetables, cucumbers/gherkins, pumpkins/squash, eggs, sheep milk, eggplants (2023)
Exports - commodities
natural gas, crude oil, refined oil, plastics, fertilizers (2023)
Imports - commodities
gas turbines, automobiles, aircraft, iron pipes, ships (2023)
Current account balance
Current account balance 2022
$63.118 billion (2022 est.)
Current account balance 2023
$36.453 billion (2023 est.)
Current account balance 2024
$38.117 billion (2024 est.)
GDP (official exchange rate)
$217.983 billion (2024 est.)
GDP - composition, by end use
household consumption
19.5% (2022 est.)
government consumption
12.9% (2022 est.)
investment in inventories
0% (2022 est.)
investment in fixed capital
30.6% (2022 est.)
exports of goods and services
68.6% (2022 est.)
imports of goods and services
-31.6% (2022 est.)
Average household expenditures
on food
14.6% of household expenditures (2023 est.)
on alcohol and tobacco
0.3% of household expenditures (2023 est.)
Inflation rate (consumer prices)
Inflation rate (consumer prices) 2022
5% (2022 est.)
Inflation rate (consumer prices) 2023
3% (2023 est.)
Inflation rate (consumer prices) 2024
1.3% (2024 est.)
Industrial production growth rate
1.6% (2024 est.)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2022
$304.903 billion (2022 est.)
Real GDP (purchasing power parity) 2023
$308.522 billion (2023 est.)
Real GDP (purchasing power parity) 2024
$317.064 billion (2024 est.)
Youth unemployment rate (ages 15-24)
male
0.1% (2024 est.)
total
0.4% (2024 est.)
female
1.2% (2024 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2022
$47.389 billion (2022 est.)
Reserves of foreign exchange and gold 2023
$51.539 billion (2023 est.)
Reserves of foreign exchange and gold 2024
$53.987 billion (2024 est.)
GDP - composition, by sector of origin
industry
58.5% (2024 est.)
services
45.9% (2024 est.)
agriculture
0.3% (2024 est.)
Household income or consumption by percentage share
lowest 10%
2.6% (2017 est.)
highest 10%
25.8% (2017 est.)
Gini Index coefficient - distribution of family income
Gini Index coefficient - distribution of family income 2017
35.1 (2017 est.)