economy of Qatar

Also known as Qatar economy

economy of the country

Key facts

Currency: Qatari riyal (QAR, QR)
Trade organisations: WTO and GCC
Country group: Developing/Emerging High-income economy
Population: 3,370,611 (March, 2026)
Gdp: $240.217 billion (nominal, 2025) $369.24 billion ( PPP , 2025
Gdp rank: 55th (nominal, 2024) 60th (PPP, 2024)
Gdp growth: 4.1% 2022</span>"}]]}'>(2022) 1.2% 2023</span>"}]]}'>(2023) 1.5% 2024</span>"}]]}'>(2024f)
Gdp per capita: $72,760 (nominal, 2025) $118,760 (PPP, 2025)
Gdp per capita rank: 8th (nominal, 2024) 4th (PPP, 2024)
Gdp by sector: agriculture: 0.2% industry: 50.3% services: 49.5% (2017 est.)
Inflation cpi: 3.1% (2023) 2.6% (2024f est.)

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Article

Infrastructure in an industrial area at Doha Map showing the mineral resources of Qatar. The economy of Qatar is one of the highest in the world based on GDP per capita, ranking generally among the top ten richest countries on world rankings for 2015 and 2016 data compiled by the World Bank, the United Nations, and the International Monetary Fund (IMF). Qatar is sometimes considered as having a mixed economy system.

Petroleum and natural gas are the cornerstones of Qatar's economy and account for more than 70% of total government revenue, more than 60% of gross domestic product, and roughly 85% of export earnings. Qatar has the world's third largest proven natural gas reserve and is the third-largest exporter of natural gas.