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Indicators of economy in Qatar

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Qatar reached 50.124 US dollars per inhabitant, or 144.41 bn US Dollar in the whole country. Qatar is therefore currently ranked 57 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Qatar is in the list of the world's richest countries in place 4.

Inflation in Qatar was in 2020 at around -2.54%. Within the EU, the average in the same year was 0.50%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 28.6% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Qatar

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic in 2020 were considerable in Qatar. Overall, gross domestic product in 2020 fell from 176.37 billion US Dollar auf 144.41 billion US Dollar. With a large drop of 18.12 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 has fallen from -0.7 percent previously to -2.5 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 Qatar
Total
Qatar
per capita
EU
Total
EU
per capita
GDP144.41 bn USD50,124.39 USD15,291.93 tn USD29,692.11 USD
Gross national product161.30 bn USD55,986.86 USD15,330.84 tn USD29,767.66 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. 6 of the 2000 largest listed companies in the world originate from Qatar. This is determined annually in the Forbes Global 2000 list. The 6 largest companies in the country were in 2021:

Rank 221: Qatar National Bank (Doha)
Rank 1001: Qatar Islamic Bank (Doha)
Rank 1392: Masraf Al Rayan (Doha)
Rank 1476: Industries Qatar (Doha)
Rank 1674: Ooredoo Q.P.S.C (Doha)
Rank 1764: Commercial Bank of Qatar (Doha)

Development of the Gross domestic product in billion US Dollar 1970 - 2020



Im- and Exports 2020

 Qatar
Total
Qatar
per capita
EU
Total
EU
per capita
Imports59.06 bn USD20,500.98 USD7,340.01 bn USD14,251.98 USD
Exports70.93 bn USD24,620.54 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 2011 - 2020

Exports
Imports



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