Wednesday 22 May 2013

Qatar’s GDP expected to grow 5.2% in 2013 | ArabNews

"Since 2011, Qatar has successfully completed its 20-year investment plan to commercialize its natural gas reserves, the third largest globally with 25 trillion cubic meters or 13.0 percent of the world’s total proven reserves. This has led Qatar’s economy to almost double over the last four years to $ 192.3 billion as of 2011. Qatar's economy is expected to moderate to a steady rate of 5.2 percent in 2013 (6.6 percent in 2012), following record double-digit growth in 2006-2011. The nonoil and gas sector, which is estimated to expand 9.9 percent in 2012, is expected to drive growth in Qatar's economic expansion during 2012 and going forward, according to Global Investment House's review of the Qatar economy."

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