Source: world bank Nominal/PPP
Summary:
Qatar GDP Per Capita expanded from 1970 to 2024, increasing from $0.30 to $219.16 .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.
Qatar Economic Phases (1970 - 2024)
From 1970 to 2024, Qatar economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1974) indicating robust economic expansion
- High Growth (1976–1981) indicating robust economic expansion
- Crisis (1982–1983) indicating severe economic downturn
- High Growth (1987–1990) indicating robust economic expansion
- High Growth (1995–1997) indicating robust economic expansion
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2013) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1974 with an increase of 202.487%, while the largest decline was in 2015 at -21.571%.