VOL. XLVI

No 8

24-February-2003

QATAR

Qatar Economy Buoyed By Healthy Progress Of Hydrocarbons Sector

The Qatar economy has achieved a nominal average growth rate of 13.5% over the five year period 1997-2001, according to Qatar National Banks (QNB) Qatar Economic Review. Qatar, like all the Gulf states, remains overly-dependent on volatile hydrocarbons revenues (the share of oil and gas in GDP was 56% on 2001), but for the time being it is reaping great rewards, particularly from its expanding gas...