Figure this: Qatar GDP to reach record 12 figure number by year's end
Qatar's gross domestic product (GDP) is expected to touch $230 billion in the current fiscal as the country is expected to achieve a 6-7 percent growth rate for 2014-15, a report said.
Qatar has the potential to emerge as the region’s second largest economy, The Peninsula newspaper said citing a report in Al Sharq.
Qatar’s huge foreign investments by its sovereign fund in several sectors have also started paying its dividends. This will give an extra push to Qatar’s economic growth, the report said.
Economy and Trade Minister Sheikh Ahmed bin Jassim bin Mohamed Al Thani said last week the country’s GDP had reached $202.38 billion in 2013, recording an impressive growth of 6.5 percent, the report said.
- Impetus from within: why the Arab World needs a very Arab 'Marshall Plan'
- 'Fiscal juggling': just how many economic priorities will Saudi Arabia's new King have to focus on?
- Despite Erdogan's 'harsh rhetoric', Turkish-Israeli is still booming
- UAE is best MidEast economy for attracting talent, index says
- The Arab Spring's success story: what will it take for Tunisia to unlock its full economic potential?
- During 2000-04, Qatar’s nominal GDP is estimated to have grown at a CAGR of 12.5%
- Volvo Car Overseas – Middle East Region, announces record sales figures for 2006
- Audi Middle East’s record sales figures continue into February
- Dubai Chamber members’ exports in the first eight months of 2012 reach new record