Flag: maroon with a broad white serrated band (nine white points) on the hoist side
- Economy Overview: Oil is the backbone of the economy and accounts for 90% of export earnings and more than 80% of government revenues. Proved oil reserves of 3.3 billion barrels should ensure continued output at current levels for about 25 years. Oil has given Qatar a per capita GDP of about $17,000, among the highest in the world.
GDP: $5.4 billion, per capita $17,070; real growth rate 9.0% (1987)
Inflation rate (consumer prices): 1.6% (1987)
Unemployment rate: NA%
Budget: revenues $1.7 billion; expenditures $3.4 billion, including capital expenditures of $NA (FY88 est.)
Exports: $2.2 billion (f.o.b., 1988 est.); commodities—petroleum products 90%, steel, fertilizers; partners—France, FRG, Italy, Japan, Spain
Imports: $1.0 billion (f.o.b., 1988 est.), excluding military equipment; commodities—foodstuffs, beverages, animal and vegetable oils, chemicals, machinery and equipment; partners—EC, Japan, Arab countries, US, Australia
External debt: $1.1 billion (December 1989 est.)
Industrial production: growth rate 0.6% (1987)