[ Nominal GDP in billions of USD ]
Year -
$219.16 billions
Qatar GDP expanded from 1970 to 2024, increasing from $0.30 billion to $219.16 billion.The compound annual growth rate (CAGR) averaged 12.99% over the period. The economy recorded its peak level in 2022 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 41.69%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 219.16 Billions | $ 360.22 Int Billions |
| Growth (YoY) | 0.853% | 4.835% |
| Net Change vs Previous Year | $ 1.85 Billion | $ 16.61 Int Billion |
| % of World GDP | 0.20% | 0.18% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.3 | - | - | - | - | - |
| 1971 | 0.39 | 0.09 | 28.467 % | - | - | - |
| 1972 | 0.51 | 0.12 | 31.612 % | - | - | - |
| 1973 | 0.79 | 0.28 | 55.584 % | - | - | - |
| 1974 | 2.4 | 1.61 | 202.487 % | - | - | - |
| 1975 | 2.51 | 0.11 | 4.638 % | - | - | - |
| 1976 | 3.28 | 0.77 | 30.703 % | - | - | - |
| 1977 | 3.62 | 0.33 | 10.148 % | - | - | - |
| 1978 | 4.05 | 0.43 | 12.009 % | - | - | - |
| 1979 | 5.63 | 1.58 | 39.017 % | - | - | - |
| 1980 | 7.83 | 2.2 | 38.988 % | - | - | - |
| 1981 | 8.66 | 0.83 | 10.628 % | - | - | - |
| 1982 | 7.6 | -1.06 | -12.291 % | - | - | - |
| 1983 | 6.47 | -1.13 | -14.863 % | - | - | - |
| 1984 | 6.7 | 0.24 | 3.662 % | - | - | - |
| 1985 | 6.15 | -0.55 | -8.22 % | - | - | - |
| 1986 | 5.05 | -1.1 | -17.881 % | - | - | - |
| 1987 | 5.45 | 0.39 | 7.786 % | - | - | - |
| 1988 | 6.04 | 0.59 | 10.865 % | - | - | - |
| 1989 | 6.49 | 0.45 | 7.448 % | - | - | - |
| 1990 | 7.36 | 0.87 | 13.449 % | 24.5 | - | - |
| 1991 | 6.88 | -0.48 | -6.48 % | 24.91 | 0.41 | 1.663 % |
| 1992 | 7.65 | 0.76 | 11.079 % | 28.36 | 3.45 | 13.868 % |
| 1993 | 7.16 | -0.49 | -6.403 % | 28.65 | 0.29 | 1.014 % |
| 1994 | 7.37 | 0.22 | 3.044 % | 29.68 | 1.03 | 3.584 % |
| 1995 | 8.14 | 0.76 | 10.353 % | 31.02 | 1.35 | 4.546 % |
| 1996 | 9.06 | 0.92 | 11.323 % | 32.97 | 1.95 | 6.285 % |
| 1997 | 11.3 | 2.24 | 24.709 % | 43.61 | 10.64 | 32.254 % |
| 1998 | 10.26 | -1.04 | -9.226 % | 49.05 | 5.44 | 12.469 % |
| 1999 | 12.39 | 2.14 | 20.844 % | 51.87 | 2.83 | 5.76 % |
| 2000 | 17.76 | 5.37 | 43.304 % | 57.31 | 5.43 | 10.475 % |
| 2001 | 17.54 | -0.22 | -1.247 % | 60.88 | 3.57 | 6.238 % |
| 2002 | 19.36 | 1.83 | 10.407 % | 66.27 | 5.39 | 8.848 % |
| 2003 | 23.53 | 4.17 | 21.535 % | 70.09 | 3.82 | 5.768 % |
| 2004 | 31.73 | 8.2 | 34.845 % | 85.81 | 15.72 | 22.425 % |
| 2005 | 44.53 | 12.8 | 40.324 % | 95.13 | 9.32 | 10.863 % |
| 2006 | 60.88 | 16.35 | 36.72 % | 123.73 | 28.6 | 30.061 % |
| 2007 | 79.71 | 18.83 | 30.929 % | 149.93 | 26.21 | 21.182 % |
| 2008 | 115.27 | 35.56 | 44.608 % | 179.82 | 29.88 | 19.931 % |
| 2009 | 97.8 | -17.47 | -15.157 % | 202.56 | 22.74 | 12.647 % |
| 2010 | 123.63 | 25.83 | 26.41 % | 245.19 | 42.63 | 21.045 % |
| 2011 | 167.78 | 44.15 | 35.711 % | 283.72 | 38.53 | 15.715 % |
| 2012 | 186.83 | 19.06 | 11.36 % | 311.66 | 27.94 | 9.848 % |
| 2013 | 198.73 | 11.89 | 6.366 % | 324.27 | 12.61 | 4.046 % |
| 2014 | 206.23 | 7.5 | 3.772 % | 319.3 | -4.97 | -1.533 % |
| 2015 | 161.74 | -44.49 | -21.571 % | 240.43 | -78.87 | -24.702 % |
| 2016 | 151.73 | -10.01 | -6.188 % | 222.78 | -17.65 | -7.34 % |
| 2017 | 161.1 | 9.37 | 6.173 % | 252.95 | 30.17 | 13.543 % |
| 2018 | 183.34 | 22.24 | 13.803 % | 283.97 | 31.02 | 12.262 % |
| 2019 | 176.37 | -6.96 | -3.799 % | 283.66 | -0.3 | -0.107 % |
| 2020 | 144.41 | -31.96 | -18.12 % | 229.54 | -54.12 | -19.08 % |
| 2021 | 179.73 | 35.32 | 24.458 % | 292.66 | 63.12 | 27.497 % |
| 2022 | 235.71 | 55.98 | 31.145 % | 326.64 | 33.99 | 11.613 % |
| 2023 | 217.31 | -18.4 | -7.806 % | 343.61 | 16.96 | 5.193 % |
| 2024 | 219.16 | 1.85 | 0.853 % | 360.22 | 16.61 | 4.835 % |
Between 1970 to 2024, Qatar experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 202.487%, while the largest decline was in 2015 at -21.571%.