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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
