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Sunday, 11 September 2011

Qatar GDP per capita reaches $109,000 in 2012

Qatar National Bank Capital forecasts that Qatar’s nominal GDP per capita will rise to around $109,000 at purchasing power parity (PPP) by 2012 on the back of strong oil prices and increased output, according to QNB Capital’s upcoming "Qatar Economic Insight-September, 2011"reported.

Qatar became the richest country in the world in 2010 with the highest per capita income at $88,559 having overtaken Luxembourg,

Rising gas-related exports and high energy prices have been the main drivers of nominal GDP growth, according to the report.