Economy Of Qatar - Qatar Information

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Economy Of Qatar
Qatar Information - Country Guides

Economy overview	Oil and gas account for more than 55% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have given Qatar a per capita GDP about 80% of that of the leading West European industrial countries. Proved oil reserves of 14.5 billion barrels should ensure continued output at current levels for 23 years. Qatar's proved reserves of natural gas exceed 17.9 trillion cubic meters, more than 5% of the world total and third largest in the world. Long-term goals feature the development of offshore natural gas reserves to offset the ultimate decline in oil production. Since 2000, Qatar has consistently posted trade surpluses largely because of high oil prices and increased natural gas exports.
GDP	purchasing power parity - $17.54 billion (2004 est.)
GDP - real growth rate	8.5% (2004 est.)
GDP - per capita	purchasing power parity - $21,500 (2004 est.)
GDP - composition by sector	agriculture: 0.4% industry: 70.8% services: 28.8% (2004 est.)
Investment gross fixed	23.2% of GDP (2004 est.)
Population below poverty line	NA
Household income or consumption by percentage share	lowest 10%: na highest 10%: na
Distribution of family income - Gini index
Inflation rate consumer prices	2.3% (2004 est.)
Labor force	140,000 (2004 est.)
Labor force by occupation
Unemployment rate	2.7% (2001)
Budget	revenues: $8.202 billion expenditures: $6.981 billion, including capital expenditures of $2.2 billion (2004 est.)
Public debt	72.7% of GDP (2004 est.)
Agriculture products	fruits, vegetables; poultry, dairy products, beef; fish
Industries	crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement
Industrial production growth rate	10% (2003 est.)
Electricity production	9.264 billion kWh (2001)
Electricity production by source	fossil fuel: 100% hydro: 0% other: 0% (2001) nuclear: 0%
Electricity consumption	8.616 billion kWh (2001)
Electricity exports	0 kWh (2001)
Electricity imports	0 kWh (2001)
Oil production	864,200 bbl/day (2004 est.)
Oil consumption	29,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves	14.51 billion bbl (2004)
Natural gas production	32.4 billion cu m (2001 est.)
Natural gas consumption	15.86 billion cu m (2001 est.)
Natural gas exports	16.54 billion cu m (2001 est.)
Natural gas imports	0 cu m (2001 est.)
Natural gas proved reserves	17.93 trillion cu m (2004)
Current account balance	$4.149 billion (2004 est.)
Exports	$12.36 billion f.o.b. (2004 est.)
Exports commodities	petroleum products, fertilizers, steel
Exports partners	Japan 46%, South Korea 18.5%, Singapore 9.5% (2003)
Imports	$5.711 billion f.o.b. (2003 est.)
Imports commodities	machinery and transport equipment, food, chemicals
Imports partners	US 12.2%, Japan 10.5%, Germany 9.6%, UK 8%, Italy 7.4%, UAE 6.7%, Saudi Arabia 5.9%, South Korea 5% (2003)
Reserves of foreign exchange gold	$2.952 billion (2004 est.)
Debt external	$17.5 billion (2004 est.)
Economic aid recipient	NA
Currency	Qatari rial (QAR)
Currency code	QAR
Exchange rates	Qatari rials per US dollar - 3.64 (2003), 3.64 (2002), 3.64 (2001), 3.64 (2000), 3.64 (1999)
Fiscal year	1 April - 31 March

Qatari Flag Map Of Qatar

Economy Of QatarQatar Information - Country Guides

Economy Of Qatar
Qatar Information - Country Guides