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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 2.00 0.9 0.5 1 1.1 1.2 percent
Unemployment Rate 0.10 0.1 0.7 0.7 0.7 1.1 percent
Inflation Rate -0.40 0.5 1.2 1.6 1.5 2.8 percent
Interest Rate 5.00 5.5 5.5 5.5 6 6.25 percent
Balance of Trade 15459.00 14927 15590 15340 15253 15319 QAR Million
Government Debt to GDP 54.40 55 50 50 50 45 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 3.64
3.68 3.73 3.77 3.82 4.01
Stock Market 10214.19
points
9684 9552 9423 9294 8799
Government Bond 10y 4.33
percent
4.17 4.24 4.3 4.37 4.65
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 2.00
percent
0.9 0.5 1 1.1 1.2
GDP Annual Growth Rate 2.50
percent
2.2 2.7 2.3 2.6 3
GDP 167.61
USD Billion
170 185 185 185 190
Gross Fixed Capital Formation 65090.00
QAR Million
66522 66847 66587 66782 70231
GDP per capita 65696.39
USD
66100 66600 66600 66600 67100
GDP per capita PPP 116935.60
USD
117000 118500 118500 118500 120000
GDP From Agriculture 303.00
QAR Million
295 315 318 321 334
GDP From Construction 23768.00
QAR Million
23822 23610 23458 23272 21775
GDP From Manufacturing 20872.00
QAR Million
23854 21945 21706 23301 24816
GDP From Mining 98002.00
QAR Million
98088 94890 97695 99923 98217
GDP From Public Administration 10838.00
QAR Million
10136 10219 10186 9935 9280
GDP From Services 13882.00
QAR Million
15199 14368 14413 14919 16137
GDP From Transport 4563.00
QAR Million
4792 4919 4766 4679 5190
GDP From Utilities 864.00
QAR Million
761 602 773 898 653
GDP Constant Prices 204365.00
QAR Million
211292 205767 209065 209678 223072
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 0.10
percent
0.1 0.7 0.7 0.7 1.1
Population 2.64
Million
2.74 2.76 2.78 2.81 3
Employed Persons 1995521.00
1958122 1941802 1926889 1913260 1832954
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate -0.40
percent
0.5 1.2 1.6 1.5 2.8
Consumer Price Index CPI 107.99
Index Points
109 110 110 110 115
GDP Deflator 76.90
Index Points
92.24 89.14 86.04 82.94 83.03
Inflation Rate Mom -1.12
percent
0.1 -0.28 -0.19 -0.21 -0.1
Food Inflation -2.53
percent
0.2 0.9 1.1 1.2 1.5
Cpi Housing Utilities 106.81
Index Points
110 110 109 108 116
CPI Transportation 126.08
Index Points
123 126 129 128 129
Producer Prices 74.60
Index Points
81.74 81.72 84.48 88.03 104
Producer Prices Change 36.10
percent
31 24 20 18 10
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 5.00
percent
5.5 5.5 5.5 6 6.25
Money Supply M0 72427.20
QAR Million
70322 69589 69152 68909 68604
Money Supply M1 123740.00
QAR Million
123139 123063 123053 123052 123052
Money Supply M2 565602.00
QAR Million
555865 552500 551295 550856 550618
Foreign Exchange Reserves 169173.90
QAR Million
169136 169160 169157 169157 169157
Banks Balance Sheet 1404004.40
QAR Million
1423256 1444712 1466664 1488621 1679591
Deposit Interest Rate 2.25
percent
2.75 2.75 2.75 3.25 3.5
Loan Growth 8.10
percent
8.8 7.5 8.4 7.4 7.9
Central Bank Balance Sheet 202265.40
QAR Million
203227 203753 204041 204199 204389
Reverse Repo Rate 2.50
percent
3.5 2.5 2.5 2.5 4
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 15459.00
QAR Million
14927 15590 15340 15253 15319
Exports 26811.00
QAR Million
27108 27148 27166 27162 27164
Imports 11352.00
QAR Million
12586 11558 11826 11908 11845
Current Account 13875.00
QAR Million
15260 15919 16256 16602 17495
Current Account to GDP 3.80
percent
5 6.7 6.7 6.7 6.9
Capital Flows 178.00
QAR Million
-10242 -14141 -15552 -15305 -13447
Gold Reserves 26.60
Tonnes
26.16 25.97 26.13 25.98 25.97
Crude Oil Production 609.00
BBL/D/1K
600 603 602 602 602
Foreign Direct Investment -5189.00
QAR Million
606 2269 -587 2308 176
Terrorism Index 0.12
0.12 0.12 0.12 0.12 0.12
Tourist Arrivals 2256.00
Thousand
1900 1850 1800 1750 1400
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 54.40
percent
55 50 50 50 45
Government Budget -5.80
percent of GDP
2.5 10 10 10 15
Government Budget Value -35395.00
QAR Million
23719 54649 56506 58363 90115
Government Spending 59950.00
QAR Million
61269 61569 61329 61509 64685
Government Revenues 160512.00
QAR Million
210000 237838 242787 247736 267000
Fiscal Expenditure 195907.00
QAR Million
180097 183189 186281 189373 176885
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Changes in Inventories 247.60
QAR Billion
237 238 238 239 237
Internet Speed 13710.27
KBps
20653 21437 22340 23245 30112
IP Addresses 327042.00
IP
336454 335486 336477 336950 336517
Manufacturing Production 6.90
percent
7.78 7.78 7.78 7.78 7.78
Mining Production -0.40
percent
-1.19 -1.2 -1.19 -1.2 -1.2
Industrial Production 4.70
percent
0.4 1.21 1.1 1.08 1.09
Industrial Production Mom 2.50
percent
0.46 0.51 0.51 0.51 0.51
Ease of Doing Business 83.00
80 81 81 82 78
Competitiveness Index 71.02
Points
71.52 71.52 71.52 71.52 74.02
Competitiveness Rank 30.00
30 30 30 30 30
Corruption Index 63.00
Points
63 63 63 63 63
Corruption Rank 29.00
29 29 29 29 29
Car Registrations 3818.00
4383 4475 4465 4462 4464
Business Confidence 23.00
Index Points
21.08 21.38 21.67 21.58 20.51
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 150616.00
QAR Million
153930 154683 154080 154532 162511
Private Sector Credit 525753.10
QAR Million
539468 552918 565766 578128 670883
Gasoline Prices 0.56
USD/Liter
0.55 0.54 0.53 0.52 0.48
Consumer Confidence 184.20
Index Points
184 184 184 184 184
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Building Permits 247.00
399 462 501 523 547
Housing Index 235.06
Index Points
236 236 236 236 236
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 10.00
percent
10 10 10 10 10
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Social Security Rate 0.00
percent
0 0 0 0 0
Social Security Rate For Companies 0.00
percent
0 0 0 0 0
Social Security Rate For Employees 0.00
percent
0 0 0 0 0
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 22.55
mm
5.58 13.28 4.92 4.92 6.22
Temperature 19.07
celsius
24.01 18.94 34.4 32.83 27.45



Qatar - Economic Forecasts - 2018-2020 Outlook