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%.

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.


Qatar GDP from 1980 to 2024

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

Change Chart

    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