Current Account in Qatar

Qatar Current Account | Economic News & Forecasts

Qatar - Current Account

The latest indicators suggest the economy continued to grow at a moderate pace in the fourth quarter. The annual trade surplus increased throughout Q4 thanks to a surge in exports, on higher oil prices in the early part of the quarter and strong gas exports throughout the period. Moreover, private credit growth surged, which bodes well for the non-oil sector. In less positive news, industrial production contracted in month-on-month terms in October and November. Looking ahead to Q1, Qatar’s withdrawal from OPEC frees it from production curbs, which should support the oil sector somewhat. On the political front, in January Qatar purchased USD 0.5 billion of Lebanese bonds to support the struggling economy and strengthen political ties in the region.

Qatar - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)30.4  24.0  8.4  -5.4  3.8  

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Qatar Current Account Chart

Qatar Current Account
Note: Current account balance as % of GDP.
Source: Qatar Central Bank.

Qatar Facts

Exchange Rate3.64-0.03 %Feb 21
Stock Market0.30.34 %Feb 21

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