Qatar | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Qatar including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Qatar economy.


Overview Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.50 -1 0.8 1 3.1 1.2 percent [+]
Unemployment Rate 0.10 0.8 1 1 0.5 1.2 percent [+]
Inflation Rate -0.50 1.5 1.9 2.3 0.1 3.6 percent [+]
Interest Rate 5.00 5.5 5.5 5.5 5 6.25 percent [+]
Balance of Trade 12620.00 6900 14282 14947 15584 8600 QAR Million [+]
Government Debt to GDP 47.60 47 48 48 46.85 42 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 3.64 3.6 3.57 3.53 3.49 3.09 [+]
Stock Market 8229.27 8050 7970 7890 7810 6910 points [+]
Government Bond 10y 3.51 3.43 3.47 3.5 3.54 3.91 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.50 -1 0.8 1 3.1 1.2 percent [+]
GDP Annual Growth Rate 0.60 2.3 2.5 1.9 2.2 3.5 percent [+]
GDP 152.50 240 128 120 113 269 USD Billion [+]
Gross Fixed Capital Formation 53630.00 61841 68440 68469 63357 59231 QAR Million [+]
GDP per capita 66415.30 66232 66149 66066 65983 65623 USD [+]
GDP per capita PPP 118215.30 118152 118046 117941 117835 117594 USD [+]
Gdp Constant Prices 198601.00 196797 196301 197119 197102 196683 QAR Million [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 0.10 0.8 1 1 0.5 1.2 percent [+]
Population 2.57 2.78 2.84 2.89 2.95 3.43 Million [+]
Employed Persons 2240083.00 2344992 2410507 2456240 2508097 2753705 [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate -0.50 1.5 1.9 2.3 0.1 3.6 percent [+]
Consumer Price Index CPI 108.40 108 108 108 108 107 Index Points [+]
GDP Deflator 76.90 113 111 109 107 106 Index Points [+]
Producer Prices 52.20 54.52 57.23 59.98 62.5 71.11 Index Points [+]
Producer Prices Change 10.40 9.5 7.8 6.9 6 4.2 percent [+]
Inflation Rate Mom 0.10 -0.2 0.03 0.05 0.06 -0.1 percent [+]
Food Inflation 3.60 3.15 2.84 2.57 2.35 1.69 percent [+]
CPI Transportation 118.80 118 118 118 118 116 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 5.00 5.5 5.5 5.5 5 6.25 percent [+]
Money Supply M0 60264.10 59877 58832 57990 57141 50245 QAR Million [+]
Money Supply M1 122705.00 121834 121273 120809 120363 116629 QAR Million [+]
Money Supply M2 559119.00 572865 577139 577601 576468 558092 QAR Million [+]
Foreign Exchange Reserves 72195.30 81026 80102 79529 78894 73640 QAR Million [+]
Banks Balance Sheet 1317777.30 1317706 1319645 1320267 1320140 1311918 QAR Million [+]
Deposit Interest Rate 2.40 2.92 3.02 3.13 3.23 3.88 percent [+]
Loan Growth 15.20 19.1 16.94 16.96 16.94 16.2 percent [+]
Central Bank Balance Sheet 187376.30 186380 185566 184765 183966 176969 QAR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade 12620.00 6900 14282 14947 15584 8600 QAR Million [+]
Exports 21299.00 26154 28694 30817 32618 41176 QAR Million [+]
Imports 8679.00 10823 11120 11506 11823 13380 QAR Million [+]
Current Account 3565.00 9162 10561 12286 13743 18596 QAR Million [+]
Current Account to GDP -5.50 -2 -1 -1 -2.68 2.5 percent [+]
Capital Flows 42172.00 22271 6047 -285 -3948 -18224 QAR Million [+]
Gold Reserves 26.58 27.4 26.99 26.81 26.23 22.51 Tonnes [+]
Crude Oil Production 616.00 627 634 640 646 684 BBL/D/1K [+]
Terrorism Index 0.23 0.46 0.49 0.51 0.53 0.41 [+]
Tourist Arrivals 2930.00 3100 3125 3150 3175 3200 Thousand [+]
Foreign Direct Investment 743.00 566 251 544 468 563 QAR Million [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 47.60 47 48 48 46.85 42 percent [+]
Government Budget -9.00 -5.3 -4.2 -4.2 19.79 -3.3 percent of GDP [+]
Government Budget Value 123455.00 -28500 121792 120624 119455 3880 QAR Million [+]
Government Spending 128190.00 116005 112884 109762 106640 79702 QAR Million [+]
Government Revenues 336557.00 192000 328593 323682 318771 267000 QAR Million [+]
Fiscal Expenditure 213102.00 199293 186071 172850 159628 -7368 QAR Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Changes in Inventories 247.60 451 485 519 553 933 QAR Billion [+]
Manufacturing Production -2.80 -1.95 -1.95 -1.95 -1.95 -1.95 percent [+]
Mining Production -2.10 -1.05 -1.05 -1.05 -1.05 -1.05 percent [+]
Industrial Production -2.20 -1.2 -1.2 -1.2 -1.2 -1.2 percent [+]
Industrial Production Mom -0.60 -0.23 -0.18 -0.2 -0.19 -0.19 percent [+]
Ease of Doing Business 83.00 95 95 95 96 98 [+]
Competitiveness Index 5.11 5.18 5.17 5.16 5.15 5 Points [+]
Competitiveness Rank 25.00 18 20 21 22 26 [+]
Business Confidence 20.70 20.09 20.46 20.38 20.03 20.25 [+]
Corruption Index 61.00 59 59 60 60 62 Points [+]
Corruption Rank 31.00 34 33 32 31 29 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Spending 143009.00 153123 155415 157706 159998 177338 QAR Million [+]
Private Sector Credit 471180.40 483919 489862 494112 497071 500310 QAR Million [+]
Consumer Confidence 183.80 185 185 185 185 185 [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Building Permits 472.00 537 548 547 545 544 [+]
Housing Index 280.90 287 288 288 288 289 Index Points [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 10.00 14.25 15.08 15.91 16.74 22.18 percent [+]
Personal Income Tax Rate 0.00 0 0 0 0 0 percent [+]
Social Security Rate 5.00 13.29 12.66 12.03 11.4 11.3 percent [+]
Social Security Rate For Companies 0.00 0 0 0 0 0 percent [+]
Social Security Rate For Employees 5.00 13.29 12.66 12.03 11.4 11.3 percent [+]