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Indicators of economy in Qatar

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Qatar, on the other hand, reached USD 66,838 per capita, or 179.68 billion USD for the whole country. Qatar is therefore currently ranked 56 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Qatar ranks 4th in the list of the richest countries.

Inflation in Qatar in 2022 was around 5.00%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 58, which is rather mediocre by global standards.


Back to overview: Qatar

Impact of the COVID-19 pandemic

The consequences of the COVID pandemic in 2020 were considerable in Qatar. Overall, gross domestic product in 2020 fell from 175.84 billion US dollars to 144.41 billion US dollars. With a large drop of 17.87 percent, the economy in Qatar has struggled significantly more than other countries. The tourism sector alone slumped by around 8 percent. The unemployment rate rose from 0.1 to 0.1 percent. The country's gross debt fell by 5.9 percent. The inflation rate fell from -0.7 percent previously to -2.5 percent by the end of 2020.

In 2021, there was already a recovery and the gross domestic product increased to 179.68 billion US dollars (=102.2% of 2019).

Income and purchasing power

The average monthly income in Qatar is 5,193 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 30.5 percent lower than in the USA. If you compare income and price level, the result is a cheaper life in Qatar than in the USA. In the end, the lower costs cancel out the lower income and you get about 26.3 percent more for the typical income in the country.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Qatar
Total
Qatar
per capita
EU
Total
EU
per capita
GDP179.68 bn USD66,838.36 USD17.177 tn USD33,384.92 USD
Gross national product167.49 bn USD62,306.23 USD16.895 tn USD32,835.37 USD


In the Global Innovation Index, Qatar ranked 52nd in 2022 with 32.9 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points. Out of the 2,000 largest listed companies in the world, 5 originate from Qatar. This is determined annually in the Forbes Global 2000 list. The 5 largest companies in the country in 2022 were:

Rank 252: Qatar National Bank (Doha)
Rank 964: Qatar Islamic Bank (Doha)
Rank 1038: Industries Qatar (Doha)
Rank 1400: Masraf Al Rayan (Doha)
Rank 1527: Commercial Bank of Qatar (Doha)

Development of gross domestic product in billions of USD 1970 - 2021




Imports and Exports 2021

 Qatar
Total
Qatar
per capita
EU
Total
EU
per capita
Imports61.20 bn USD22,767.50 USD8.916 tn USD17,329.02 USD
Exports105.55 bn USD39,263.48 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2011 - 2021

Exports
Imports



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