According to the report by CNBC Arabia, Qatar achieved an average rate of 10.5% compound annual growth to come on top of the world.
Economic prospects for Qatar remain positive, with growth expected to reach 2.8% in 2018, while LNG production will rise to 100m tonnes per year by 2023. The World Bank expects the Qatari economy to keep growing this year.
The World Bank, according to a recent report, said the increase in Qatar’s energy export revenues will contribute to easing of financial constraints, as well as spending on the multi-year programme for infrastructure development in preparation for the 2022 FIFA World Cup.
Qatar’s gross domestic product (GDP) rose last year to $220bn, from $218bn in 2016 to a real GDP growth rate of 2%, which is better than expected.