Current Account in Qatar
Qatar - Current AccountThe economy likely accelerated in the first quarter of the year, following the weakest expansion in nearly a decade in Q4 2018. The PMI for the non-energy private sector averaged higher in Q1 than in the previous quarter, with new business orders driving the expansion. Moreover, industrial production performed well above Q4’s average in year-on-year terms in the first two months of the year on the back of robust dynamics in the mining and quarrying sector. Despite remaining at relatively low levels, Qatar’s real estate index grew throughout Q1, suggesting the real estate market is slowly stabilizing. In addition, private sector credit growth grew steadily in year-on-year terms in Q1, which, coupled with subdued price pressures, should have supported household spending.
Qatar - Current Account Data
|Current Account (% of GDP)||30.4||24.0||8.4||-5.4||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Qatar Current Account Chart
Source: Qatar Central Bank.
|Exchange Rate||3.64||-0.03 %||May 13|
|Stock Market||0.2||0.34 %||May 13|
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