Top: Regional: Middle East: Qatar: Business and Economy


[ history ]

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.


[ history ]

Industries

Crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement.


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Agriculture - products

Fruits, vegetables; poultry, dairy products, beef; fish.



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