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