Flag description: maroon with a broad white serrated band (nine white points) on the hoist side
@Qatar:Economy
Economy - overview: Oil accounts for more than 30% of GDP, roughly 80% of export earnings, and 66% of government revenues. Proved oil reserves of 3.7 billion barrels should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP three-fourths that of the leading West European industrial countries. Qatar's proved reserves of natural gas exceed 7 trillion cubic meters, more than 5% of the world total, third largest in the world. Production and export of natural gas are becoming increasingly important. Long-term goals feature the development of off-shore petroleum and the diversification of the economy. If high oil prices continue in 2000, Qatar will post its highest ever trade surplus - of more than $4 billion.
GDP: purchasing power parity - $12.3 billion (1999 est.)
GDP - real growth rate: 1.5% (1999 est.)
GDP - per capita: purchasing power parity - $17,000 (1999 est.)
GDP - composition by sector: agriculture: 1% industry: 49% services: 50% (1996 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 2% (1999)