Current Account in Qatar
Qatar - Current AccountThe economy is on track to improve from last year, when growth was slowed by reduced oil production and trade relations with several of Qatar’s neighboring countries were severed in an ongoing diplomatic dispute. In Q1, GDP grew 1.4% compared to the same period in 2017 due to an increase in construction activity, likely related to the 2022 World Cup preparations. More recently, in April, Qatar’s merchandise trade surplus grew nearly 50% year-on-year. In May, business conditions in the non-hydrocarbon private sector improved for the tenth consecutive month, according to PMI data. Amid this positive backdrop, Fitch Ratings raised its debt rating outlook for Qatar from negative to stable in early June.
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 %||Jul 13|
|Stock Market||0.3||0.34 %||Jul 12|
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