Qatar economy · Economy in Qatar
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Economy in Qatar
Economy in Qatar
Oil accounts for more than 30% of GDP, roughly 80% of export earnings, and 58% of government revenues. Proved oil reserves of 15 billion barrels (http://en.wikipedia.org/wiki/Economy_of_Qatar) should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP comparable to 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 offshore natural gas reserves. In 2000, Qatar posted its highest ever trade surplus of $7 billion, due mainly to high oil prices and increased natural gas exports, and managed to maintain the surplus in 2001.
The Most Frequently Asked Travel Questions about Qatar
Where To Stay & Best Hotels in Qatar - updated Apr 2024
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Qatar Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.