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Economy - overview:
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Oil accounts for more than 30% of GDP, roughly 80% of export earnings, and 58% of government revenues. Proved oil reserves of 3.7 billion barrels should ensure continued output at current levels for 23 years. Oil has given Qatar a per capita GDP comparable to that of the leading West European industrial countries. Qatar's proved reserves of natural gas exceed 7 trillion cubic meters, more than 5% of the world total, third largest in the world. Production and export of natural gas are becoming increasingly important. Long-term goals feature the development of offshore natural gas reserves. In 2000, Qatar posted its highest ever trade surplus of $7 billion, due mainly to high oil prices and increased natural gas exports, and managed to maintain the surplus in 2001.
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GDP:
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purchasing power parity - $16.3 billion (2001 est.)
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GDP - real growth rate:
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5.6% (2001 est.)
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GDP - per capita:
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purchasing power parity - $21,200 (2001 est.)
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GDP - composition by sector:
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agriculture: 1%
industry: 49%
services: 50% (1996 est.)
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Population below poverty line:
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NA%
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Inflation rate (consumer prices):
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2% (2001)
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Labor force:
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280,122 (1997 est.)
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Unemployment rate:
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2.7% (2001)
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Budget:
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revenues: $5 billion
expenditures: $4.8 billion, including capital expenditures of $900 million (FY01/02 est. )
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Industries:
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crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement
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Industrial production growth rate:
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NA%
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Electricity - production:
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9.2 billion kWh (2000)
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Electricity - production by source:
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fossil fuel: 100%
hydro: 0%
other: 0% (2000)
nuclear: 0%
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Electricity - consumption:
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8.556 billion kWh (2000)
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Electricity - exports:
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0 kWh (2000)
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Electricity - imports:
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0 kWh (2000)
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Agriculture - products:
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fruits, vegetables; poultry, dairy products, beef; fish
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Exports:
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$11 billion f.o.b. (2001 est.)
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Exports - commodities:
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petroleum products 80%, fertilizers, steel
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Exports - partners:
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Japan 43%, Singapore 8%, South Korea 6%, US 4%, UAE 2% (1999)
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Imports:
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$3.5 billion f.o.b. (2001 est.)
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Imports - commodities:
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machinery and transport equipment, food, chemicals
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Imports - partners:
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UK 10%, Japan 8%, Germany 6%, Italy 6%, US 6% (1998)
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Debt - external:
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$13.1 billion (2000 est.)
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Economic aid - recipient:
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$NA
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Currency:
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Qatari rial (QAR)
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Currency code:
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QAR
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Exchange rates:
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Qatari rials per US dollar - 3.6400 (fixed rate)
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Fiscal year:
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1 April - 31 March
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