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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 12,230 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 2021 was around 2.30%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 28.6 percent lower.
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 0.2 percent. The inflation rate fell from -0.7 percent previously to -2.5 percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

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


Qatar ranked 52nd in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 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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