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UDF-Space
Ecnomic Highlights
World Competitiveness Yearbook 2025
9 - Qatar ranked 9th in the World Competitiveness Yearbook 2025 - Qatar ranked 7th in Economic Performance among the 67 developed countries in the World Competitiveness Yearbook 2025 |
Logistic Performance Index 2023
34 - Qatar ranked 34 in the Logistic Performance Index 2023 - Qatar ranked 43 in the Human Development Index 2023 |
Imports 2024
130.3 Bill/QR Total Value
- Top Partners China, USA, Italy, India, Japan. - Top Products Petroleum Oils(Crude), Motor Vehicle, Turbo Jets. |
Exports 2024
345.9
Bill/QR Total Value - Top Partners South Korea, China, India, Singapore, Japan. - Top Products Petroleum Gases And Other Gaseous Hydrocarbons, Petroleum Oils(Crude), Petroleum (Not Crude). |
Qatar State Budget 2025
HH Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, has issued Law No. (20) of 2024, approving the general budget for the 2025 fiscal year. The law will take effect from January 1, 2025 and be published in the Official Gazette.
During a press conference held today, HE Ali bin Ahmed Al Kuwari, Minister of Finance, outlined details of the budget, which projects total revenues of QAR 197 billion.
Speaking at the event, HE the Minister of Finance emphasised that Qatar continues its conservative approach in estimating oil and gas revenues, adopting an average oil price of USD 60 per barrel to ensure financial flexibility and sustainable spending patterns. Projected oil and gas revenues amount to QAR 154 billion, reflecting a 3.1 percent decrease compared to QAR 159 billion last year while non-oil revenues remain steady at QAR 43 billion, unchanged from 2024.
In addition, total expenditure for the upcoming year is set at QAR 210.2 billion, marking a 4.6 percent from the previous year. HE the Minister of Finance said that the projected deficit of QAR 13.2 billion will be addressed through a combination of domestic and external debt instruments, as needed.
Allocations for the healthcare and education sectors constitute QAR 41.4 billion, representing around 20 percent of the total budget. This substantial amount underscores Qatar’s continued focus on human capital and public service development.
Strategic sectors will receive significant financial backing in 2025, with dedicated allocations for trade and industry, research and innovation, tourism, digital transformation and Information Technology. These investments aim to advance Qatar’s economic diversification efforts and achieve sustainable development across sectors.
Salary and wage allocations for the coming year increased by 5.5 percent compared to last year, reaching QAR 67.5 billion. Current expenditure allocations rose by 6.3 percent while secondary capital expenditures increased by 7.7 percent. Major capital expenditure saw a slight increase of 1.4 percent to support ongoing development projects.
Qatar Financial Centre Services
Responding to a globally accelerated digitisation of trade, commerce and service, Qatar has emerged as a regional FinTech hub in recent years. A thought-leader in the field, QFC has rolled out a series of innovative initiatives, from the QFC Tech Circle to the QFC Tech Talk Series, that support digital innovation, knowledge-exchange, and entrepreneurship. A growing number of FinTech firms continue to register with the QFC to seize the lucrative business opportunities within the country’s Digital Payments, SME Enabling Tech, Insurtech, Regtech, and Islamic FinTech.
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