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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
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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