Qatar international trade facts and figures

Qatar is a country in the Middle East. It has an economy backed by the world’s third largest reserves in natural gas reserves and oil. It is a monarchical state. The import market in Qatar is approximately 28.79% of its GDP; a large market for exporters. Qatar stands 77th in world with respect to ease of doing business.

Qatar’s booming economy is largely driven by its impressive oil and gas sectors. with petrochemicals and fertilisers forming a large portion of its industrial base. This development in the country’s industry is further supported by one of its largest project due for completion this year, 2015, boasting a capacity of 50 million passengers, the New Doha International Airport.

Qatar’s Vital Points (as of 2019)

Population (million) 3
GDP (billion USD) 184
GDP per capita (USD) 62,088
GDP per capita PPP (USD) 92,651
Purchasing power per dollar, compared to the USA 150%
Surface area (sq km) 11,610
% of population living in urban areas 99%
% of GDP added by agriculture – industry – services 0.18%-57.68%-46.47%
Ease of doing business index (1 = best, 189 = lowest) 77

What are the business opportunities in Qatar?

The most promising business sectors in Qatar are:

  • Liquefied natural gas
  • Crude oil production and refining
  • Ammonia
  • Fertilizers
  • Petrochemicals

What are Qatar’s top export commodities?

  • Liquefied natural gas (LNG)
  • Petroleum products
  • Fertilizers
  • Steel

Which are Qatar’s favourite export partners? (percentage of total exports)

  • Japan (17.1%)
  • South Korea (15.6%)
  • India (13.6%)
  • China (13.4%)
  • Singapore (7.05%)

Qatar- Host to 2022 FIFA World Cup

In line with Qatar’s National Vision for 2030, are its development plans for the FIFA World Cup to be held in Doha in 2022.

The Qatari government has allocated over US$200 billion in building and upgrading facilities and infrastructure for this world class sporting event. Preparation for the World Cup will impact housing, rail, port and road systems in the country, providing ample business opportunities for local and international players.

Qatari Political Make Up

Qatar has an Emirate government in which the Prime Minister and Deputy Prime Minister are appointed by the Amir or Head of State. The monarchical head however is hierarchical and above all. Political parties are banned in the Qatari government system.

Qatari National Holidays for 2019

Most Qatari schools, colleges, institutes and organisations will not be operational on the following days:

Holiday Date
New Year’s Day (Bank Holiday) January 1
National Sports Day February 8
March Bank Holiday March 6
Eid-Al-Fitr July 7, 8, 9
Eid-Al-Adha September 13,14,15
National Day December 18

Qatar can be an attractive destination for international businesses due to its impressive economical status.

In doing Qatar international business, however, detailed market research will help you understand the country and formulate your international entry and expansion strategy.

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