According to QNB Capital, large investments made by the State in the natural gas and other sectors have ensured rapid growth and diversification of the economy. The benefits of this have also stimulated activities in the private sector, which along with increased government spending have ensured strong growth also in the non-oil and gas sector. The non-oil and gas sector witnessed a compounded average growth of 16.4% during 2006-10.
QNB Capital forecasts that Qatar will continue to be the fastest growing global economy in 2011 with an estimated real GDP growth of 21.0%. The forecasts are based on further expansion in natural gas and related sectors as well as the non-oil and gas sectors.
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