Qatar Economy Articles & Analysis

Chapter | Trade & Investment from The Report: Qatar 2019

Rising oil prices and effective policy-making have played a significant role in returning Qatar to a healthy trade surplus. A swift response by a range of government ministries has secured new routes to global markets. In March 2018 Hamad Port, which officially opened in 2017, celebrated the handling of 1m twen¬ty-foot equivalent units ahead of schedule. Foreign investment also continues to...

Its relatively small population and status as the world’s biggest gas exporter have helped Qatar become the richest country globally in terms of GDP per capita, which stood at $72,700 at current prices in 2019, according to IMF estimates. In recent years, however, the nation has faced strong economic headwinds from a drop in global energy prices to a diplomatic blockade.

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Mirroring a trend seen across the Gulf, two lenders in Qatar announced the country’s first bank merger in a move officials say will support economic growth and the development of the financial and private sectors. 

A series of initiatives designed to promote entrepreneurship and incubate start-ups in Qatar are strengthening the country’s research, development and innovation (RDI) ecosystem.

 

How do you view the role of the government versus that of the private sector in driving growth?

 

A number of significant developments related to foreign direct investment (FDI) set to be implemented by the end of 2019 will further strengthen Qatar’s appeal as a destination for international investors. Expected developments include the opening of two special economic zones (SEZs), changes to foreign investment legislation and the launch of...

 

Qatar’s relatively small population and status as the world’s biggest gas exporter have helped it to become the world’s richest country in terms of GDP per capita. In recent years, however, it has faced strong economic headwinds. The oil price decline in the second half of 2014 was a challenge to hydrocarbons-producing states throughout the...

 

When Qatar found itself subject to an economic blockade in 2017, a number of financial data points were of immediate interest to economic observers. The sudden withdrawal of foreign deposits was an early concern, and one which the government quickly overcame by pouring capital from public bodies into the system (see Banking chapter).