Qatar GDP Growth Rate
The Gross Domestic Product (GDP) in Qatar expanded 2.30 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Qatar averaged 3.89 Percent from 2004 until 2014, reaching an all time high of 14.40 Percent in the second quarter of 2008 and a record low of -23.20 Percent in the fourth quarter of 2008. GDP Growth Rate in Qatar is reported by the Qatar Statistics Authority.
||2004 - 2014
Qatar is one of the wealthiest countries in the world in terms of GDP per capita. Qatar's economy is highly dependent on oil and gas extraction which accounts for more than 50% of GDP, 85% of export earnings, and 70% of government revenues. Since proven oil and gas reserves are estimated to sustain current production levels only for the medium run, the government has been making efforts to diversify the economy into a sustainable long-term income model. This includes investments in the petrochemical sector, promotion of a business tourism sector and reforms in its financial sector. This page provides - Qatar GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.