The value of foreign assets in Qatar is expected to jump up to $186bn in 2012 from $133bn in 2010, and the economic growth rate would remain on top in the world at 18 percent this year as compared to last year, 18.5 percent, Washington based 'Institute of International Finance' (IIF) said in a study.
Real GDP growth of Qatar was 8.5 percent in 2010 and the growth of hydrocarbon sector was recorded at 27.9 percent and non-hydrocarbon sector at 9.2 percent. The expected real GDP growth is expected 8 percent due to the huge production of Liquefied Natural Gas (LNG).
IIF expects that Qatar's real GDP growth during next two year will be six percent in 2012 and four percent in 2013, said the report posted on Arabic website.
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