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    Qatar Economy 2000

      Economy - overview: Oil accounts for more than 30% of GDP, roughly 80% of export earnings, and 66% of government revenues. Proved oil reserves of 3.7 billion barrels should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP three-fourths that of the leading West European industrial countries. Qatar's proved reserves of natural gas exceed 7 trillion cubic meters, more than 5% of the world total, third largest in the world. Production and export of natural gas are becoming increasingly important. Long-term goals feature the development of off-shore petroleum and the diversification of the economy. If high oil prices continue in 2000, Qatar will post its highest ever trade surplus - of more than $4 billion.

      GDP: purchasing power parity - $12.3 billion (1999 est.)

      GDP - real growth rate: 1.5% (1999 est.)

      GDP - per capita: purchasing power parity - $17,000 (1999 est.)

      GDP - composition by sector:
      agriculture: 1%
      industry: 49%
      services: 50% (1996 est.)

      Population below poverty line: NA%

      Household income or consumption by percentage share:
      lowest 10%: NA%
      highest 10%: NA%

      Inflation rate (consumer prices): 2% (1999)

      Labor force: 233,000 (1993 est.)

      Unemployment rate: NA%

      Budget:
      revenues: $5 billion
      expenditures: $4 billion, including capital expenditures of $NA (FY99/00 est.)

      Industries: crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement

      Industrial production growth rate: NA%

      Electricity - production: 6.715 billion kWh (1998)

      Electricity - production by source:
      fossil fuel: 100%
      hydro: 0%
      nuclear: 0%
      other: 0% (1998)

      Electricity - consumption: 6.245 billion kWh (1998)

      Electricity - exports: 0 kWh (1998)

      Electricity - imports: 0 kWh (1998)

      Agriculture - products: fruits, vegetables; poultry, dairy products, beef; fish

      Exports: $6.7 billion (f.o.b., 1999 est.)

      Exports - commodities: petroleum products 80%, fertilizers, steel

      Exports - partners: Japan 50%, Singapore 12%, South Korea 9%, US, UAE (1997)

      Imports: $4.2 billion (f.o.b., 1999 est.)

      Imports - commodities: machinery and transport equipment, food, chemicals

      Imports - partners: UK 25%, France 13%, Japan 10%, US 9%, Italy 6% (1997)

      Debt - external: $10 billion (1998 est.)

      Economic aid - recipient: $NA

      Currency: 1 Qatari riyal (QR) = 100 dirhams

      Exchange rates: Qatari riyals (QR) per US$1 - 3.6400 riyals (fixed rate)

      Fiscal year: 1 April - 31 March

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