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    Qatar Economy 2001
    http://www.photius.com/wfb2001/qatar/qatar_economy.html
    SOURCE: 2001 CIA WORLD FACTBOOK

      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 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 petroleum and the diversification of the economy. In 2000, Qatar posted its highest ever trade surplus of $6 billion, due mainly to high oil prices and increased natural gas exports.

      GDP: purchasing power parity - $15.1 billion (2000 est.)

      GDP - real growth rate: 4% (2000 est.)

      GDP - per capita: purchasing power parity - $20,300 (2000 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): 2.5% (2000)

      Labor force: 233,000 (1993 est.)

      Unemployment rate: NA%

      Budget:
      revenues: $3.9 billion
      expenditures: $4 billion, including capital expenditures of $NA (1999 est.)

      Industries: crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement

      Industrial production growth rate: NA%

      Electricity - production: 9 billion kWh (1999)

      Electricity - production by source:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1999)

      Electricity - consumption: 8.37 billion kWh (1999)

      Electricity - exports: 0 kWh (1999)

      Electricity - imports: 0 kWh (1999)

      Agriculture - products: fruits, vegetables; poultry, dairy products, beef; fish

      Exports: $9.8 billion (f.o.b., 2000 est.)

      Exports - commodities: petroleum products 80%, fertilizers, steel

      Exports - partners: Japan 52%, Singapore 9%, South Korea 8%, US, UAE (1998)

      Imports: $3.8 billion (f.o.b., 2000 est.)

      Imports - commodities: machinery and transport equipment, food, chemicals

      Imports - partners: UK 10%, Japan 8%, Germany 6%, US 6%, Italy 6% (1998)

      Debt - external: $13.1 billion (2000 est.)

      Economic aid - recipient: $NA

      Currency: Qatari rial (QAR)

      Currency code: QAR

      Exchange rates: Qatari rials per US dollar - 3.6400 (fixed rate)

      Fiscal year: 1 April - 31 March

      NOTE: The information regarding Qatar on this page is re-published from the 2001 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Qatar Economy 2001 information contained here. All suggestions for corrections of any errors about Qatar Economy 2001 should be addressed to the CIA.

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    http://www.photius.com/wfb2001/qatar/qatar_economy.html

    Revised 21-Dec-01
    Copyright © 2001 Photius Coutsoukis (all rights reserved)


    ctr12/21/01