Qatar GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Qatar's GDP changed from approximately $6B 665M in 1980 to $244B 686M in 2024, showing an overall 3571.2% sharply increased during the period.
The lowest GDP was recorded in 1986 at $4B 214M, and the highest in 2024 at $244B 686M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 8.5%.
For comparison, the average annual growth rate of Saudi Arabia was 4.4%, and that of United Arab Emirates was 5.9%.

Qatar GDP from 1980 to 2024

The total market value of goods and services produced annually in Qatar.

Change Chart

    Overview of Qatar's GDP (1980–2024)

    The Gross Domestic Product (GDP) of Qatar recorded a 3571.2% sharply increased from 1980 to 2024.
    The average GDP during this period was $74B 911M, and the median was $19B 334M.
    GDP fluctuated within a range of $240B 472M, with a standard deviation of $83B 326M.
    The average annual change was $5B 690M.


    Highest and Lowest GDP Records

    • Lowest GDP: 1986, $4B 214M
    • Highest GDP: 2024, $244B 686M
    • Most Recent GDP: 2024, $244B 686M

    Notable Annual GDP Changes

    • 2022: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Qatar's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $176B 371M → $144B 411M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $75B 987M → $88B 196M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $18B 85M → $17B 498M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $9B 976M → $8B 488M
    • Outcome: sharply declined

    Key Economic Indicators of Qatar (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 6B 665M
    $ 27,242.48
    $ 85,157.19
    $ 20B 835M
    -1.016 %
    125.49 %
    60.68 %
    0 %
    245,000 people
    1981
    $ 7B 374M
    $ 27,819.57
    $ 82,692.91
    $ 21B 918M
    -3.894 %
    111.52 %
    53.90 %
    0 %
    265,000 people
    1982
    $ 6B 467M
    $ 22,657.37
    $ 74,837.63
    $ 21B 362M
    -8.21 %
    87.06 %
    40.93 %
    0 %
    285,000 people
    1983
    $ 5B 506M
    $ 18,003.76
    $ 68,715.49
    $ 21B 15M
    -5.329 %
    67.266 %
    29.90 %
    0 %
    306,000 people
    1984
    $ 5B 708M
    $ 17,496.54
    $ 77,417.53
    $ 25B 255M
    15.988 %
    98.829 %
    48.72 %
    0 %
    326,000 people
    1985
    $ 5B 339M
    $ 15,495.70
    $ 65,759.42
    $ 22B 659M
    -13.031 %
    73.191 %
    35.72 %
    0 %
    345,000 people
    1986
    $ 4B 214M
    $ 11,644.46
    $ 66,238.29
    $ 23B 972M
    3.706 %
    39.348 %
    16.38 %
    0 %
    362,000 people
    1987
    $ 4B 441M
    $ 11,773.23
    $ 65,714
    $ 24B 787M
    0.9 %
    46.116 %
    18.95 %
    0 %
    377,000 people
    1988
    $ 4B 260M
    $ 10,853.90
    $ 68,453.78
    $ 26B 867M
    4.7 %
    38.548 %
    17.46 %
    0 %
    392,000 people
    1989
    $ 4B 502M
    $ 11,039.94
    $ 72,099.37
    $ 29B 401M
    5.3 %
    52.476 %
    25.42 %
    0 %
    408,000 people
    1990
    $ 6B 266M
    $ 13,150.17
    $ 54,634.32
    $ 26B 34M
    -14.644 %
    -10.599 %
    27.62 %
    0 %
    477,000 people
    1991
    $ 5B 579M
    $ 11,500.52
    $ 54,634.18
    $ 26B 505M
    -1.524 %
    -15.592 %
    23.95 %
    -0.537 %
    485,000 people
    1992
    $ 6B 384M
    $ 13,038.98
    $ 61,140.01
    $ 29B 935M
    10.424 %
    -16.701 %
    21.57 %
    -1.099 %
    490,000 people
    1993
    $ 5B 804M
    $ 11,797.16
    $ 61,730.20
    $ 30B 371M
    -0.891 %
    -21.638 %
    12.79 %
    -8.516 %
    492,000 people
    1994
    $ 5B 946M
    $ 12,009.40
    $ 63,861.04
    $ 31B 618M
    1.929 %
    -19.17 %
    21.77 %
    -10.92 %
    495,000 people
    1995
    $ 6B 861M
    $ 13,689.65
    $ 64,645.23
    $ 32B 397M
    0.361 %
    -27.601 %
    27.38 %
    -2.12 %
    501,000 people
    1996
    $ 7B 761M
    $ 15,143.48
    $ 67,097.04
    $ 34B 386M
    4.229 %
    -27.269 %
    25.95 %
    -4.039 %
    512,000 people
    1997
    $ 9B 976M
    $ 18,841.60
    $ 84,389.44
    $ 44B 683M
    27.745 %
    -30.859 %
    38.23 %
    -5.117 %
    529,000 people
    1998
    $ 8B 488M
    $ 15,421.78
    $ 90,518.64
    $ 49B 818M
    10.253 %
    -25.459 %
    31.82 %
    -0.247 %
    550,000 people
    1999
    $ 11B 266M
    $ 19,689.65
    $ 91,630.41
    $ 52B 427M
    3.767 %
    0.813 %
    31.24 %
    1.218 %
    572,000 people