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Economy of Qatar

Introduction

Introduction

Capital and largest city - Doha

Language- arabic

Population- 2,781,677

Currency- Qatar riyal (QAR)

Government- Unitary semi-constitutional monarchy

GDP- $357,338 billion

History

History

Occupying a small desert peninsula that extends northward from the larger Arabian Peninsula, it has been continuously but sparsely inhabited since prehistoric times.

It later was ruled by a number of local and foreign dynasties before falling under the control of the Thani dynasty (Al Thanī) in the 19th century. The Thani dynasty sought British patronage against competing tribal groups and against the Ottoman Empire—which occupied the country in the late 19th and early 20th centuries—and in exchange the United Kingdom controlled Qatar’s foreign policy until the latter’s independence in 1971.

Before Independence

Energy sector

Qatar's economy was in a downturn from 1982 to 1989. OPEC (Organization of Petroleum Exporting Countries) quotas on crude oil production, the lower price for oil, and the generally unpromising outlook on international markets reduced oil earnings.

Oil production will not long remain at peak levels of 500,000 barrels (80,000 m³) per day, as oil fields are projected to be mostly depleted by 2023. However, large natural gas reserves have been located off Qatar's northeast coast. These offshore gas fields also may contain significant oil and condensate reserves.

After Independence

1) Manufacturing

2) Capital Market

3) Tourism

4) Education

5) Transport

Economy

Economy

Education

Qatar hired the RAND Corporation to reform its K–12 education system. Through Qatar Foundation, the country has built Education City, a campus which hosts local branches of the Weill Cornell Medical College, Carnegie Mellon School of Computer Science, Georgetown University School of Foreign Service, Northwestern's Medill School of Journalism, Texas A&M's School of Engineering, Virginia Commonwealth University School of the Arts and other Western institutions.

Transport

Transport

With a fast-expanding population and substantial economic growth over the past decade, a reliable and extensive transportation network is becoming increasingly necessary within Qatar. So far the government, the primary transport developer, has done well in terms of keeping up with the demand for new transportation options.

Qatar is increasingly activating its logistics and ports in order to participate in trade between Europe and China or Africa. For this purpose, ports such as Hamad Port are rapidly expanded and investments are made in their technology.

Hamad International Airport

Qatar Airways

Qatar Railways

Qatar and Bahrain Bridge

Future Economy

Future Economy

Sport

1

The Qatar 2022 organising committee have responded to various allegations by claiming that hosting the World Cup in Qatar would act as a "catalyst for change" in the region.

2

Tourism

The government appears to be committed to long-term expansion plans, but challenges nevertheless remain, including effective marketing to the international community as well as the effect of the financial increase on global tourism appetite.

Summary

Summary

1) GDP (purchasing power parity):$101.2 billion

2)Labor force : 1.202 million

3)Unemployment rate :0.5%

4) Agriculture products: fruits, vegetables; poultry, dairy products, beef, fish

5)Industries: crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement

6)Industrial production growth rate: 12.3%

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