@Qatar:Economy
Overview: Oil is the backbone of the economy and accounts for more than 30% of GDP, roughly 75% of export earnings, and 70% 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 comparable to the leading West European industrial countries. Production and export of natural gas are becoming increasingly important. Long-term goals feature the development of off-shore oil and the diversification of the economy.
National product: GDP - purchasing power parity - $10.7 billion (1994 est.)
National product real growth rate: -1% (1994 est.)
National product per capita: $20,820 (1994 est.)
Inflation rate (consumer prices): 3% (1993 est.)
Unemployment rate: NA%
Budget:
revenues: $2.5 billion
expenditures: $3 billion, including capital expenditures of $440
million (1992 est.)
Exports: $3.13 billion (f.o.b., 1993 est.)
commodities: petroleum products 75%, steel, fertilizers
partners: Japan 57%, South Korea 9%, Brazil 4%, UAE 4%, Singapore 3%
(1992)
Imports: $1.75 billion (f.o.b., 1993 est.) commodities: machinery and equipment, consumer goods, food, chemicals partners: Japan 16%, UK 11%, US 11%, Germany 7%, France 5% (1992)