Current Account in Qatar

Qatar Current Account | Economic News & Forecasts

Qatar - Current Account

After a weak start in the first quarter, the economy appears to have accelerated somewhat in the second quarter. Construction activity remained buoyant due to ongoing preparations for the 2022 World Cup, while mining and quarrying output recovered from its fall in Q1, largely thanks to strong oil production in May. Despite the trade blockade imposed by its GCC neighbors, export growth remained strong in Q2 and early Q3—highlighting the external sector’s resilience—with the trade balance increasing more than 11% year-on-year in July. Regarding the non-oil economy, PMI data showed a modest pace of growth in Q2 but some positive signs for Q3, namely higher new order and job growth coupled with stronger business confidence.

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 %Sep 20
Stock Market0.40.34 %Sep 18

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