Qatar tops world rankings with 10.5% average growth rate for last 20 years

      Published on Friday, 11 May , 2018      72 Views     
Qatar tops world rankings with 10.5% average growth rate for last 20 years

  • Doha News

Giving its growth story more credibility was its placement as first in the world index of countries that have achieved record economic growth in 20 years from 1997.

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.



China ranked second with an economic growth rate of 9.1%, Ethiopia third with a growth rate of 8%, India fourth with 7% and Nigeria fifth in the world with 5.8% growth.

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.

Keywords:
Category Doha News | 2018/05/11 latest update at 10:55 PM
Source : Qatar Living | Photocredit : Google
73 Views
Comments Add comment



Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


Qatar: Lavrov meets with Emir of Qatar during Middle East tour Emir

Qatar: Lavrov meets with Emir of Qatar during Middle East tour

Russian Foreign Minister Sergei Lavrov was received by Qatar’s Emir Tamim bin Hamad Al Thani during his official…

Qatar’s Emir arrives to meet with Austrian President Emir

Qatar’s Emir arrives to meet with Austrian President

The Emir of Qatar Tamim bin Hamad Al-Thani arrives in Vienna to meet with Austrian President Alexander Van…

HH the Amir Inaugurates Water Security Reservoirs Project Emir

HH the Amir Inaugurates Water Security Reservoirs Project

HH the Amir Sheikh Tamim bin Hamad Al Thani inaugurated the Water Security Mega Reservoirs Project, during a…

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia Doha News

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia

Qatar’s emir skipped a summit in Saudi Arabia on Sunday with fellow Arab Gulf leaders whose boycott of…

GULF TV

Popular in GULF TV

About DFI

10492 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

122 Views

The Qatari Majlis

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News