Qatar

One of the world’s wealthiest nations thanks to its vast deposits of natural gas and oil, Qatar boasts one of the highest per capita incomes globally. In line with the National Vision 2030’s initiative of broadening the economic base, the government has successfully encouraged private investment across sectors ranging from tourism and infrastructure, to financial services and information and communications technology. Up to 100% foreign ownership of businesses in most sectors is allowed. However, reservations among foreign investors persist. Qatar ranks low on gender equality and female participation in the labor force, rigid cultural norms are broadly implemented, and employment rules are strictly regulated.

Already one of the world’s biggest liquified natural gas exporters, Qatar is expected to more than double its LNG output from 77 million metric tonnes per annum to 142 million by 2030 thanks to the North Field expansion project.  Qatar has cemented its status as a cornerstone of stability and a champion of diplomacy in a volatile region.

Browse additional economic indicators and data sets below to learn more about Qatar’s economic outlook, finance sector and international trade performance. Each year, Global Finance editors identify Qatar’s safest bank, and recognise the best banks in a range of categories, including Best Foreign Exchange, Best Trade & Supply Chain Finance, Best Private Banking and more.

Bandar bin Mohammed bin Saoud Al-Thani has led Qatar’s central bank since November 2021.

Source: World Integrated Trade Solution

Source: World Integrated Trade Solution