chief of mission: Ambassador Ali Fahad al-Shahwany al-HAJRI chancery: 2555 M Street NW, Washington, DC 20037 telephone: [1] (202) 274-1600 and 274-1603 FAX: [1] (202) 237-0061 consulate(s) general: Houston
Diplomatic representation from the US:
chief of mission: Ambassador Joseph E. LEBARON embassy: Al-Luqta District, 22 February Road, Doha mailing address: P. O. Box 2399, Doha telephone: [974] 488 4161 FAX: [974] 488 4150
Flag description:
maroon with a broad white serrated band (nine white points) on the hoist side
Economy
Qatar
Economy - overview:
Qatar is in the midst of an economic boom supported by its expanding production of natural gas and oil. Economic policy is focused on development of Qatar's nonassociated natural gas reserves and increasing private and foreign investment in non-energy sectors. Oil and gas account for more than 60% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have made Qatar the highest per-capita income country and one of the world's fastest growing. Sustained high oil prices and increased natural gas exports in recent years have helped build Qatar's budget and trade surpluses and foreign reserves. Proved oil reserves of more than 15 billion barrels should ensure continued output at current levels for 22 years. Qatar's proved reserves of natural gas are roughly 25 trillion cubic meters, about 15% of the world total and third largest in the world. Qatar has permitted substantial foreign investment in the development of its gas fields during the last decade and became the world's top liquefied natural gas (LNG) exporter in 2007.
GDP (purchasing power parity):
$71.42 billion (2007 est.)