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World > Middle East > Qatar > Economy (Facts)

Qatar - Economy (Facts)
Economy - overview: Oil and gas account for more than 60% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have made Qatar one of the world's faster growing and higher per-capita income countries - in 2006 per-capita income equaled that of the EU. Sustained high oil prices and increased natural gas exports in recent years have helped build Qatar's budget and trade surpluses and foreign reserves. Proved oil reserves of more than 15 billion barrels should ensure continued output at current levels for 23 years. Qatar's proved reserves of natural gas exceed 25 trillion cubic meters, more than 5% of the world total and third largest in the world. Qatar has permitted substantial foreign investment in the development of its gas fields during the last decade and is expected to become the world's top liquefied natural gas (LNG) exporter in 2007. Qatar is also trying to attract foreign investment in the development of its non-energy projects by further liberalizing the economy.
GDP - real growth rate: 7.1% (2006 est.)
GDP (purchasing power parity): $26.37 billion (2006 est.)
GDP (official exchange rate): $30.76 billion (2006 est.)
GDP - per capita (PPP): $29,800 (2006 est.)
GDP - composition by sector: agriculture: 0.1%
industry: 77.2%
services: 22.6% (2006 est.)
Population below poverty line: NA
Household income or consumption by percentage share: lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices): 7.2% (2006 est.)
Labor force: 508,000 (2006 est.)
Unemployment rate: 3.2% (2006 est.)
Budget: revenues: $22.51 billion
expenditures: $16.89 billion; including capital expenditures of $2.2 billion (2006 est.)
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: 12.4 billion kWh (2004)
Electricity - consumption: 11.53 billion kWh (2004)
Electricity - exports: 0 kWh (2004)
Electricity - imports: 0 kWh (2004)
Oil - production: 790,500 bbl/day (2005 est.)
Oil - consumption: 80,000 bbl/day (2004 est.)
Oil - exports: NA bbl/day
Oil - imports: NA bbl/day
Oil - proved reserves: 15.21 billion bbl (1 January 2005 est.)
Natural gas - production: 39.17 billion cu m (2004 est.)
Natural gas - exports: 24.06 billion cu m (2004 est.)
Natural gas - imports: 0 cu m (2004 est.)
Agriculture - products: fruits, vegetables; poultry, dairy products, beef; fish
Exports: $33.25 billion f.o.b. (2006 est.)
Exports - commodities: liquefied natural gas (LNG), petroleum products, fertilizers, steel
Exports - partners: Japan 39.8%, South Korea 18.6%, Singapore 6.4%, Thailand 4.1% (2006)
Imports: $12.36 billion f.o.b. (2006 est.)
Imports - commodities: machinery and transport equipment, food, chemicals
Imports - partners: France 13.3%, Japan 10.1%, US 9.3%, Italy 8.9%, Germany 7.8%, UK 6.2%, Saudi Arabia 5.7%, South Korea 4.5% (2006)
Debt - external: $25.7 billion (2006 est.)
Economic aid - recipient: NA
Currency: Qatari Rial (QAR)
Currency code: QAR
Exchange rates: Qatari rials per US dollar - 3.64 (2006), 3.64 (2005), 3.64 (2004), 3.64 (2003), 3.64 (2002)
Fiscal year: 1 April - 31 March


Facts at a Glance: Geography - People - Government - Economy - Communications - Transportation - Military - Current Time - Ranking Positions
Notes and Commentary: People - Economy - Government and Political Conditions - Historical Highlights - Foreign Relations - Relations with U.S.



Facts at a Glance
Geography
People
Government
Economy
Communications
Transportation
Military
Current Time
Ranking Positions


Notes and Commentary
People
Economy
Government and Political Conditions
Historical Highlights
Foreign Relations
Relations with U.S.





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