Arabic, English commonly used as a second language
Economic Overview
Key economic indicators for Qatar
GDP:
$308.522 billion
GDP per Capita:
$116,200
GDP Growth:
1.19%
Inflation:
3.03%
Unemployment:
0.13%
Public Debt:
53.8% of GDP
Credit Rating:
AA- (2017)
Political System
Governance structure of Qatar
Government Type:
absolute monarchy
Head of State:
Amir TAMIM bin Hamad Al Thani (since 25 June 2013)
Head of Government:
Prime Minister and Foreign Minister MUHAMMAD bin Abd al-Rahman Al Thani (since 7 March 2023)
Judiciary:
Supreme Court or Court of Cassation (consists of the court president and several judges); Supreme Constitutional Court (consists of the chief justice and 6 members)
Administrative Divisions:
8 municipalities (baladiyat, singular - baladiyah); Ad Dawhah, Al Khawr wa adh Dhakhirah, Al Wakrah, Ar Rayyan, Ash Shamal, Ash Shihaniyah, Az Za'ayin, Umm Salal
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
Yes
Diplomatic Presence:
2555 M Street NW, Washington, DC 20037
Major Alliances and Organizations
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
0.3% (2023 est.)
Industry
60.4% (2023 est.)
Services
45.3% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$128.709 billion
Imports:
$72.174 billion
Major Trading Partners
China 18
India 11
S. Korea 10
Japan 7
Pakistan 6
Economic Outlook
Qatar has a 1.19% GDP growth rate with 3.03% inflation. The economy is characterized by a strong agriculture sector.