Monday 21 December 2009

Qatar payment surpluses to remain strong on LNG

Qatar has generated a surplus in balance of payment (BoP) totalling QR49.5bn in 2008, QNB Capital said in its latest Qatar Economic Review.

Balance of payment is an account of all transactions between one country and the other countries. Transactions are measured in terms of receipts and payments. Exports and imports are just two components in balance of payments.

Qatar’s balance of payment surpluses are likely to remain strong in the coming years on the back of increased exports of liquefied natural gas, QNB Capital said.

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