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FINANCIAL NEWS
Qatar GDP expected to hit USD230 billion
20 Apr 2014
(MENAFN) Based on Qatar’s expected 6-7 percent growth, the country’s GDP is projected to hit approximately USD230 billion in the current financial year, emerging as the region’s second largest economy on the long term, The Peninsula Qatar reported.
“Going by the projected growth rate, Qatar’s economy will account for almost one third of the total GCC economy. The new budget allocation is a reflection of the country’s sustained economic growth,” a local economist said.
In the past few years, the country’s economy has made great steps, driven by the emergence of new industries. The petrochemical sector, for example, has great export potentials.
Analysts noted that Qatar will be one of the region’s countries which would be benefitting hugely of the global growth shift from West to East.
The Gulf nation improved trade relationships with many Southeast Asian economies, such as China, India and others, which will help Qatar boost its economy in the coming years.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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