Qatar - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Qatar including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Qatar economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -3.60 1 0.9 0.8 0.2 1.2 percent
Unemployment Rate 0.10 0.1 1 0.1 0.1 1.2 percent
Inflation Rate 0.10 0.4 0.5 1.2 1.6 2.8 percent
Interest Rate 5.00 5 5.5 5.5 5.5 6.25 percent
Balance of Trade 14880.00 17003 16865 16909 16970 16933 QAR Million
Government Debt to GDP 54.40 48 48 45 45 42 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 9420.67
points		 8820 8455 8105 7770 6561
Currency 3.64
 3.78 3.92 4.07 4.23 4.91
Government Bond 10y 4.23
percent		 4.55 4.77 5.01 5.25 6.36
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate -3.60
percent		 1 0.9 0.8 0.2 1.2
GDP Annual Growth Rate 1.40
percent		 2.6 2.8 2.7 2.8 3
GDP 167.61
USD Billion		 170 170 185 185 190
Gross Fixed Capital Formation 65090.00
QAR Million		 58529 66913 66847 54854 70781
GDP per capita 65696.39
USD		 66100 66100 66600 66600 67100
GDP per capita PPP 116935.60
USD		 117000 117000 118500 118500 120000
Gdp Constant Prices 199199.00
QAR Million		 211719 212533 204577 203596 224819
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 0.10
percent		 0.1 1 0.1 0.1 1.2
Population 2.64
Million		 2.74 2.74 2.76 2.78 3
Employed Persons 2047348.00
 1998719 1985283 1973033 1961864 1892291
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.10
percent		 0.4 0.5 1.2 1.6 2.8
Consumer Price Index CPI 108.14
Index Points		 109 109 110 110 115
GDP Deflator 76.90
Index Points		 91.88 92.24 89.14 86.04 83.03
Inflation Rate Mom -0.30
percent		 -0.07 0.1 -0.08 -0.08 -0.1
Producer Prices 67.70
Index Points		 64.66 74.26 78.42 81.24 112
Producer Prices Change 25.10
percent		 18 19 19 20 24
Food Inflation 1.80
percent		 1.9 1.91 1.9 1.89 1.89
Cpi Housing Utilities 107.15
Index Points		 110 110 110 109 116
CPI Transportation 127.42
Index Points		 119 123 126 129 129
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 5.00
percent		 5 5.5 5.5 5.5 6.25
Money Supply M0 70147.20
QAR Million		 67086 66381 65967 65740 65461
Money Supply M1 132970.00
QAR Million		 132432 132393 132389 132388 132388
Money Supply M2 581155.00
QAR Million		 570655 568285 567679 567538 567497
Foreign Exchange Reserves 163121.60
QAR Million		 164812 164578 164836 164801 164806
Banks Balance Sheet 1346522.10
QAR Million		 1383270 1400785 1419447 1438323 1619248
Deposit Interest Rate 2.00
percent		 2 2.5 2.5 2.5 3.25
Loan Growth 4.40
percent		 3.42 18.7 3.08 3.07 16.2
Reverse Repo Rate 2.50
percent		 3 3.5 2.5 2.5 4
Central Bank Balance Sheet 197869.10
QAR Million		 199299 200006 200492 200826 201541
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 14880.00
QAR Million		 17003 16865 16909 16970 16933
Exports 24823.00
QAR Million		 25907 26048 26037 26056 26051
Imports 9943.00
QAR Million		 8905 9245 9127 9086 9118
Current Account 11788.00
QAR Million		 13867 14508 15011 15374 16428
Current Account to GDP 3.80
percent		 6 6 8 8 7
Capital Flows 178.00
QAR Million		 -4201 -10242 -14141 -15552 -13447
Gold Reserves 26.60
Tonnes		 26.66 26.21 26.02 26.19 26.03
Crude Oil Production 622.00
BBL/D/1K		 609 608 609 610 609
Terrorism Index 0.12
 0.29 0.27 0.29 0.31 0.4
Tourist Arrivals 2938.00
Thousand		 3025 3000 3000 3000 2900
Foreign Direct Investment -5189.00
QAR Million		 -1720 606 2269 -587 176
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 54.40
percent		 48 48 45 45 42
Government Budget -5.80
percent of GDP		 -2 -2 2.5 2.5 4
Government Budget Value -35395.00
QAR Million		 31986 23719 54649 56506 90115
Government Spending 59950.00
QAR Million		 129856 61629 61569 131779 65191
Government Revenues 160512.00
QAR Million		 218291 210000 237838 242787 267000
Fiscal Expenditure 195907.00
QAR Million		 186306 180097 183189 186281 176885
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Changes in Inventories 247.60
QAR Billion		 227 237 238 238 237
Internet Speed 13710.27
KBps		 19885 20653 21437 22340 30112
IP Addresses 327042.00
IP		 336899 336454 335486 336477 336517
Manufacturing Production 6.90
percent		 7.78 7.78 7.78 7.78 7.78
Mining Production -0.40
percent		 -1.21 -1.19 -1.2 -1.19 -1.2
Industrial Production 1.40
percent		 -0.85 -0.83 -0.83 -0.83 -0.83
Industrial Production Mom 1.50
percent		 -1.68 2.18 2.26 0.45 1.25
Ease of Doing Business 83.00
 77 74 73 71 50
Competitiveness Index 5.11
Points		 5.14 5.14 5.06 5.03 4.85
Competitiveness Rank 25.00
 22 22 26 27 27
Corruption Index 63.00
Points		 63 64 63 63 64
Corruption Rank 29.00
 29 28 28 28 28
Car Registrations 5189.00
 6253 6495 6511 6452 6393
Business Confidence 23.30
Index Points		 22.77 23.1 23.35 23.25 23.18
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 150616.00
QAR Million		 144868 154833 154683 147013 163784
Private Sector Credit 506038.50
QAR Million		 525697 539887 553533 566690 674649
Gasoline Prices 0.55
USD/Liter		 0.52 0.49 0.46 0.44 0.25
Consumer Confidence 184.10
Index Points		 185 185 185 185 185
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 252.10
Index Points		 253 253 253 253 253
Building Permits 597.00
 686 674 670 671 672
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 10.00
percent		 10 10 10 10 10
Personal Income Tax Rate 0.00
percent		 0 0 0 0 0
Social Security Rate 0.00
percent		 0 0 4.25 5 -6
Social Security Rate For Companies 0.00
percent		 0 0 0 0 0
Social Security Rate For Employees 0.00
percent		 2.03 2.03 4.6 5.46 -5.85
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 22.55
mm		 0.15 5.58 13.28 4.92 6.22
Temperature 19.07
celsius		 34.16 24.01 18.94 34.4 27.45