Qatar’s current account surplus to remain high

Qatar’s current account surplus to remain high:

"

Rising exports of gas-to-liquids (GTL), petrochemicals and fertilisers and higher crude prices will keep Qatar’s current account surplus high, averaging 34.1% of the GDP this year and in 2014, QNB has said in a report.

Current account surplus denotes the country’s exports outweigh imports. This translates into higher savings for the country, which are used to create more assets and retire existing debts.

In its Qatar Economic Insight, QNB said the relatively high oil prices would continue to produce large current account surpluses for the country."

'via Blog this'