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==Macro-economic trend== Qatar is now among the richest countries in the world, on a per person basis.<ref>{{cite web|url=http://www.gfmag.com/component/content/article/119-economic-data/12529-the-worlds-richest-and-poorest-countries.html#axzz2kwuAF9FV|title=The World's Richest and Poorest Countries|work=Global Finance Magazine|access-date=3 March 2015|archive-date=17 May 2014|archive-url=https://web.archive.org/web/20140517141441/http://www.gfmag.com/component/content/article/119-economic-data/12529-the-worlds-richest-and-poorest-countries.html#axzz2kwuAF9FV|url-status=dead}}</ref> Current GDP per capita registered a world record-breaking peak growth of 1,156% in the 70s.<ref>{{cite web|url=http://earthtrends.wri.org/text/economics-business/variable-638.html |title=What We Do |access-date=3 March 2015 |url-status=dead |archive-url=https://web.archive.org/web/20080131140920/http://earthtrends.wri.org/text/economics-business/variable-638.html |archive-date=31 January 2008 }}</ref> This became quickly unsustainable due to the [[1980s oil glut]], and Qatar's current GDP per capita contracted 53% in the 80s. But rising global oil demand helped current GDP per capita to expand 94% in the 90s. Despite efforts to promote the non-hydrocarbon sectors and diversify the economy from hydrocarbons to knowledge-based sectors, the oil and gas sector has consistently contributed to at least 80 percent of the government of Qatarโs total revenues since 2014, as well as 90 percent of Qatarโs total exports.<ref>{{cite web|url=https://www.trade.gov/country-commercial-guides/qatar-market-challenges|title=Qatar Country Commercial Guide: Market Challenges. International Trade Administration|access-date=21 January 2022}}</ref> In 2020 GDP PPP ~260 billion dollars.<ref>{{cite web | url=https://globaledge.msu.edu/countries/qatar/economy | title=Qatar: Economy }}</ref> This table is of Qatar's gross domestic product at market prices as estimated by the [[International Monetary Fund]] with figures in millions of Qatari Rials.<ref>{{cite web |url=http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbcselm.cfm?G%3D2001 |title=Edit/Review Countries |access-date=11 June 2015 |url-status=dead |archive-url=https://web.archive.org/web/20100611172746/http://www.imf.org/external/pubs/ft/weo/2006/01/data/dbcselm.cfm?G=2001 |archive-date=11 June 2010 }}</ref> {| class="wikitable" |- ! Year || Gross Domestic Product || US Dollar Exchange || Inflation Index<br/>(2000=100) || Per Capita Income<br/> (as % of USA) |- | 1980 || align = "center"|28,631 || align = "center"|3.65 Qatari Riyals || align = "center"|53 ||align = "center"|266.18 |- | 1985 || align = "center"|22,829 || align = "center"|3.63 Qatari Riyals || align = "center"|64 ||align = "center"|104.82 |- | 1990 || align = "center"|26,792 || align = "center"|3.64 Qatari Riyals || align = "center"|77 ||align = "center"|67.85 |- | 1995 || align = "center"|29,622 || align = "center"|3.63 Qatari Riyals || align = "center"|85 ||align = "center"|55.75 |- | 2000 || align = "center"|64,646 || align = "center"|3.63 Qatari Riyals || align = "center"|100 ||align = "center"|86.03 |- | 2005 || align = "center"|137,784 || align = "center"|3.64 Qatari Riyals || align = "center"|115 ||align = "center"|127.05 |} For purchasing power parity comparisons only, the US Dollar is exchanged at 3.67 Qatari Riyals. Mean wages were $59.99 per [[man-hour]] in 2009. In February 2012, the International Bank of Qatar reported that GDP grew by 19.9% in 2011, but estimated that 2012 growth would slow to 9.8%<ref>Nuqudy.com: "Qatar to register 9.8% economic growth in 2012"{{usurped|1=[https://web.archive.org/web/20180924145255/http://www.nuqudy.com/%D8%A7%D9%84%D8%B3%D9%88%D9%82_%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9/%D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC_%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A/%D9%82%D8%B7%D8%B1_%D8%AA%D8%B3%D8%AC%D9%84_9.8_%D9%86%D9%85%D9%88%D8%A7_%D8%A7-10232 ูุทุฑ ุชุณุฌู 9.8% ูู ูุง ุงูุชุตุงุฏูุง ูู 2012]}}</ref> According to the [[International Monetary Fund]], Qatar's economic performance improved in 2018 despite the [[2017โ18 Qatar diplomatic crisis|economic embargo]]. The GDP growth is expected to increase to 2.6% in 2019 from 2.2% in 2018.<ref>{{Cite web |title=IMF Executive Board Concludes 2019 Article IV Consultation with Qatar |url=https://www.imf.org/en/News/Articles/2019/06/03/pr19192-qatar-imf-executive-board-concludes-2019-article-iv-consultation-with-qatar |access-date=2021-10-17 |website=www.imf.org |language=en-US}}</ref> The following table shows the main economic indicators in 1980โ2024. Inflation below 2% is in green.<ref>{{Cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/en/Publications/WEO/weo-database/2024/October/weo-report?c=453,&s=NGDP_RPCH,NGDPD,PPPGDP,PPPPC,PCPIPCH,GGXWDG_NGDP,&sy=1980&ey=2029&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |access-date=2025-01-25 |website=IMF |language=en}}</ref> {| class="wikitable" style="text-align:center;" !Year !GDP<br /><small>(in Bil. US$ PPP)</small> !GDP per capita<br /><small>(in US$ PPP)</small> !GDP<br /><small>(in Bil. US$ nominal)</small> !GDP growth<br /><small>(real)</small> !Inflation rate<br /><small>(in Percent)</small> !Government debt<br><small>(in % of GDP)</small> |- |1980 |13.7 |56,086 |6.7 |{{Decrease}}โ1.0% |{{increaseNegative}}6.8% |n/a |- |1981 |{{increase}}14.4 |{{Decrease}}54,463 |{{Increase}}7.4 |{{Decrease}}โ3.9% |{{increaseNegative}}8.5% |n/a |- |1982 |{{Decrease}}14.1 |{{Decrease}}49,289 |{{Decrease}}6.5 |{{Decrease}}โ8.2% |{{increaseNegative}}5.7% |n/a |- |1983 |{{Decrease}}13.8 |{{Decrease}}45,257 |{{Decrease}}5.5 |{{Decrease}}โ5.3% |{{increaseNegative}}2.7% |n/a |- |1984 |{{increase}}16.6 |{{increase}}50,989 |{{Increase}}5.7 |{{Increase}}16.0% |{{Increase}}1.1% |n/a |- |1985 |{{Decrease}}14.9 |{{Decrease}}43,310 |{{Decrease}}5.3 | {{Decrease}}โ13.0% |{{Increase}}1.1% |n/a |- |1986 |{{increase}}15.8 |{{increase}}43,626 |{{Decrease}}4.2 |{{Increase}}3.7% |{{Increase}}1.9% |n/a |- |1987 |{{increase}}16.3 |{{Decrease}}43,280 |{{Increase}}4.4 |{{Increase}}0.9% |{{increaseNegative}}4.5% |n/a |- |1988 |{{increase}}17.7 |{{increase}}45,085 |{{Decrease}}4.3 |{{Increase}}4.7% |{{increaseNegative}}4.8% |n/a |- |1989 |{{increase}}19.4 |{{increase}}47,486 |{{Increase}}4.5 |{{Increase}}5.3% |{{increaseNegative}}3.3% |n/a |- |1990 |{{Decrease}}17.1 |{{Decrease}}35,983 |{{Increase}}6.3 |{{Decrease}}โ14.6% |{{increaseNegative}}3.0% |12.6% |- |1991 |{{increase}}17.5 |{{Decrease}}35,983 |{{Decrease}}5.6 |{{Decrease}}โ1.5% |{{increaseNegative}}4.5% |{{increaseNegative}}21.8% |- |1992 |{{increase}}19.7 |{{increase}}40,268 |{{Increase}}6.4 |{{Increase}}10.4% |{{increaseNegative}}2.9% |{{decreasePositive}}19.9% |- |1993 |{{increase}}20.0 |{{increase}}40,657 |{{Decrease}}5.8 | {{Decrease}}โ0.9% | {{decreasePositive}}-0.7% |{{increaseNegative}}46.3% |- |1994 |{{increase}}20.8 |{{increase}}42,060 |{{Increase}}5.9 |{{Increase}}1.9% |{{Increase}}1.4% |{{increaseNegative}}54.8% |- |1995 |{{increase}}21.3 |{{increase}}42,576 |{{Increase}}6.9 |{{Increase}}0.4% |{{increaseNegative}}3.0% |{{decreasePositive}}50.2% |- |1996 |{{increase}}22.6 |{{increase}}44,191 |{{Increase}}7.8 |{{Increase}}4.2% |{{increaseNegative}}7.0% |{{increaseNegative}}57.8% |- |1997 |{{increase}}29.4 |{{increase}}55,580 |{{Increase}}10.0 |{{Increase}}27.7% |{{increaseNegative}}2.7% |{{decreasePositive}}54.4% |- |1998 |{{increase}}32.8 |{{increase}}59,617 |{{Decrease}}8.5 |{{Increase}}10.3% |{{increaseNegative}}2.9% |{{increaseNegative}}76.6% |- |1999 |{{increase}}34.5 |{{increase}}60,349 |{{Increase}}11.3 |{{Increase}}3.8% |{{increaseNegative}}2.2% |{{increaseNegative}}81.8% |- |2000 |{{increase}}37.8 |{{increase}}63,609 |{{Increase}}18.1 |{{Increase}}6.9% |{{Increase}}1.6% |{{decreasePositive}}51.6% |- |2001 |{{increase}}40.4 |{{increase}}65,955 |{{Decrease}}17.5 |{{Increase}}4.5% |{{Increase}}1.7% |{{increaseNegative}}59.2% |- |2002 |{{increase}}43.8 |{{increase}}69,545 |{{Increase}}19.3 |{{Increase}}6.9% |{{Increase}}0.2% |{{decreasePositive}}47.7% |- |2003 |{{increase}}46.4 |{{increase}}70,339 |{{Increase}}23.7 |{{Increase}}4.0% |{{increaseNegative}}2.3% |{{decreasePositive}}38.8% |- |2004 |{{increase}}56.9 |{{increase}}78,927 |{{Increase}}30.7 |{{Increase}}19.2% |{{increaseNegative}}6.8% |{{decreasePositive}}30.1% |- |2005 |{{increase}}63.2 |{{Decrease}}76,976 |{{Increase}}44.6 |{{Increase}}7.8% |{{increaseNegative}}9.0% |{{decreasePositive}}19.1% |- |2006 |{{increase}}83.5 |{{increase}}86,252 |{{Increase}}58.6 |{{Increase}}28.1% |{{increaseNegative}}11.7% |{{decreasePositive}}13.9% |- |2007 |{{increase}}101.3 |{{increase}}87,909 |{{Increase}}76.0 |{{Increase}}18.2% |{{increaseNegative}}13.7% |{{decreasePositive}}9.4% |- |2008 |{{increase}}121.3 |{{Decrease}}78,088 |{{Increase}}112.6 |{{Increase}}17.5% |{{increaseNegative}}15.1% |{{increaseNegative}}11.4% |- |2009 |{{increase}}138.0 |{{increase}}84,231 |{{Decrease}}88.2 |{{Increase}}13.1% |{{decreasePositive}}โ4.9% |{{increaseNegative}}36.0% |- |2010 |{{increase}}164.5 |{{increase}}95,908 |{{Increase}}119.7 |{{Increase}}17.7% |{{decreasePositive}}โ2.4% |{{decreasePositive}}30.4% |- |2011 |{{increase}}186.9 |{{increase}}107,842 |{{Increase}}167.8 |{{Increase}}11.3% |{{Increase}}2.0% |{{increaseNegative}}33.5% |- |2012 |{{increase}}199.3 |{{increase}}108,758 |{{Increase}}186.8 |{{Increase}}4.7% |{{Increase}}1.8% |{{decreasePositive}}32.1% |- |2013 |{{increase}}214.0 |{{Decrease}}106,802 |{{Increase}}198.7 |{{Increase}}5.6% |{{increaseNegative}}3.1% |{{decreasePositive}}30.9% |- |2014 |{{increase}}229.3 |{{Decrease}}103,485 |{{Increase}}206.2 |{{Increase}}5.3% |{{increaseNegative}}4.2% |{{decreasePositive}}24.9% |- |2015 |{{increase}}242.5 |{{Decrease}}99,464 |{{Decrease}}161.7 |{{Increase}}4.8% |{{Increase}}0.9% |{{increaseNegative}}35.5% |- |2016 |{{increase}}252.3 |{{Decrease}}96,376 |{{Decrease}}151.7 |{{Increase}}3.1% |{{increaseNegative}}2.7% |{{increaseNegative}}46.7% |- |2017 |{{increase}}252.9 |{{Decrease}}92,839 |{{Increase}}161.1 | {{Decrease}}โ1.5% |{{Increase}}0.6% |{{increaseNegative}}51.6% |- |2018 |{{increase}}284.0 |{{increase}}102,880 |{{Increase}}183.3 |{{Increase}}1.2% |{{Increase}}0.1% |{{increaseNegative}}52.2% |- |2019 |{{Decrease}}283.7 |{{Decrease}}101,337 |{{Decrease}}176.4 |{{Increase}}0.7% |{{decreasePositive}}โ0.9% |{{increaseNegative}}62.1% |- |2020 |{{Decrease}}229.5 |{{Decrease}}81,003 |{{Decrease}}144.4 |{{Decrease}}โ3.6% |{{decreasePositive}}โ2.5% |{{increaseNegative}}72.6% |- |2021 |{{increase}}292.7 |{{increase}}106,491 |{{Increase}}179.7 |{{Increase}}1.6% |{{increaseNegative}}2.3% |{{decreasePositive}}58.4% |- |2022 |{{increase}}326.6 |{{increase}}111,396 |{{Increase}}235.7 |{{Increase}}4.2% |{{increaseNegative}}5.0% |{{decreasePositive}}42.6% |- |2023 |{{increase}}342.4 |{{increase}}111,789 |{{Decrease}}213.0 |{{Increase}}1.2% |{{increaseNegative}}3.1% |{{increaseNegative}}43.3% |- |2024 |{{increase}}356.0 |{{increase}}115,075 |{{Increase}}221.4 |{{Increase}}1.5% |{{Increase}}1.0% |{{decreasePositive}}41.2% |}
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