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| Economy - overview: |
Oil accounts for more than 30% of GDP, roughly 80% of export earnings, and 66% of government revenues. Proved oil reserves of 3.7 billion barrels should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP comparable to that of the leading West European industrial countries. Qatar's proved reserves of natural gas exceed 7 trillion cubic meters, more than 5% of the world total, third largest in the world. Production and export of natural gas are becoming increasingly important. Long-term goals feature the development of offshore petroleum and the diversification of the economy. In 2000, Qatar posted its highest ever trade surplus of $6 billion, due mainly to high oil prices and increased natural gas exports.
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| GDP: |
purchasing power parity - $15.1 billion (2000 est.)
|
| GDP - real growth rate: |
4% (2000 est.)
|
| GDP - per capita: |
purchasing power parity - $20,300 (2000 est.)
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| GDP - composition by sector: |
agriculture:
1%
industry:
49%
services:
50% (1996 est.)
|
| Population below poverty line: |
NA%
|
| Household income or consumption by percentage share: |
lowest 10%:
NA%
highest 10%:
NA%
|
| Inflation rate (consumer prices): |
2.5% (2000)
|
| Labor force: |
233,000 (1993 est.)
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| Budget: |
revenues:
$3.9 billion
expenditures:
$4 billion, including capital expenditures of $NA (1999 est.)
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| Industries: |
crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement
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| Industrial production growth rate: |
NA%
|
| Electricity - production: |
9 billion kWh (1999)
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| Electricity - production by source: |
fossil fuel:
100%
hydro:
0%
nuclear:
0%
other:
0% (1999)
|
| Electricity - consumption: |
8.37 billion kWh (1999)
|
| Electricity - exports: |
0 kWh (1999)
|
| Electricity - imports: |
0 kWh (1999)
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| Agriculture - products: |
fruits, vegetables; poultry, dairy products, beef; fish
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| Exports: |
$9.8 billion (f.o.b., 2000 est.)
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| Exports - commodities: |
petroleum products 80%, fertilizers, steel
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| Exports - partners: |
Japan 52%, Singapore 9%, South Korea 8%, US, UAE (1998)
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| Imports: |
$3.8 billion (f.o.b., 2000 est.)
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| Imports - commodities: |
machinery and transport equipment, food, chemicals
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| Imports - partners: |
UK 10%, Japan 8%, Germany 6%, US 6%, Italy 6% (1998)
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| Debt - external: |
$13.1 billion (2000 est.)
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| Economic aid - recipient: |
$NA
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| Currency: |
Qatari rial (QAR)
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| Exchange rates: |
Qatari rials per US dollar - 3.6400 (fixed rate)
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| Fiscal year: |
1 April - 31 March
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