Economic Growth in Qatar
In the decade leading up to 2022, Qatar's economy recorded an average growth rate of 2.1%, slightly above the Middle East & North Africa region's 2.0% average. In 2022, real GDP growth was 4.2%. For more GDP information, visit our dedicated page.
Qatar GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Qatar from 2023 to 2022.
Source: Macrobond.
Qatar GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | 0.7 | -3.6 | 1.6 | 4.7 | 0.6 |
| GDP (USD bn) | 176 | 144 | 180 | 237 | 213 |
| GDP (QAR bn) | 642 | 526 | 654 | 863 | 776 |
| Economic Growth (Nominal GDP, ann. var. %) | -3.8 | -18.1 | 24.4 | 32.0 | -10.1 |
| Economic Growth (Real GDP Oil, ann. var. %) | -1.7 | -2.0 | -0.3 | 1.7 | 1.4 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Qatari GDP projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Qatari GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Qatari GDP projections.
Want to get access to the full dataset of Qatari GDP forecasts? Send an email to info@focus-economics.com.