Qatar is a peninsula of approximately 13,000 square kilometres. Formerly a hub for fishing, pearl diving and trade, Qatar is now an emerging global economic leader thanks to its significant natural resources. Qatar is the world’s largest exporter of liquid natural gas, or LNG, and its GDP per capita is one of the highest in the world.
Qatar is actively diversifying its economy to ensure the long-term prosperity of its people. This far-sighted strategy is the cornerstone of the Qatar National Vision 2030, which follows the directives of the Qatari Constitution and those of His Highness Sheikh Hamad Bin Khalifah Al-Thani, the Father Emir, Her Highness Sheikha Moza bint Nasser, and His Highness Sheikh Tamim Bin Hamad Al-Thani, Emir of the State of Qatar.
Qatar fast facts:
- Highest recorded nominal GDP per capita in the world (2012): QAR363,071 (USD99,731). Forecasted to reach approximately QAR378,612 (USD104,000) in 2016.
- Fastest growing economy in the world, with a growth rate of 12.1% (2008-2012).
- Population in Qatar is projected to reach 2.2 million by 2014 with an average annual growth rate of 10.5%.
- With an estimated 8.3% average growth rate over the next 10 years, tourist arrivals are set to reach around 4.27 million by 2022.
- Qatar is the most competitive economy in the Arab world. Ranked 14th among 142 countries represented on the World Economic Forum (WEF).