Middle East - QATAR



Country Profile:

Qatar, a former pearl-fishing centre and once one of the poorest Gulf states, is now one of the richest countries in the region, thanks to the exploitation of large oil and gas fields since the 1940s. Although its economy is dominated by the energy sector, which accounts for over 70% of export revenues, the government has used these revenues to diversify into the chemical, fertilizer, steel and financial services sectors. Additionally, it has invested substantial resources into the development of its tourist industry. It is currently recognised as having one of the highest GDP per capita levels in the world. Qatar is a constitutional monarchy with a partially elected parliamentary system.

Main Trade Partners:

France, S.Korea, Italy, Japan, Singapore, UK, USA, Saudi Arabia, UAE, Germany

Main Industries:

Oil & Gas, Cement, Construction, Ship Repair, Financial Services, Chemical, Fertilizer, Tourism


928,635 (July 2008 CIA World Factbook est.)


11,457 sq. km.


75.2 bn. (2007 IMF est.)

GDP Real Growth Rate:

14.2% (2007 CIA World Factbook est.)

GDP per Head:

$80,870 (2007 IMF est.)

GDP per Sector:

Services 28.7%, Industry 71.2%, Agriculture 0.1% (2007 CIA World Factbook est.)

Stock Market Capitalisation:

$61.5 bn. (2006 CIA World Factbook)

Exchange Rate:

1 Qatari Rial = 0.275 US$ (Fixed) 1 US$ = 3.643 Qatari Rials

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