Official Name (Local Language) Dawlat Qatar
Capital Doha
Population 2,258,283
Currency Qatari Rial
GDP $156.6 billion
Languages Arabic
Phone Dial In 974
Exports ($m USD) 32,060
Number of Export Products 3,865
Number of Export Partners 114
Government Website | https://portal.www.gov.qa/ |
Sovereign Ratings | https://countryeconomy.com/ratings/qatar |
Central Bank | Qatar Central Bank |
Currency USD Exchange Rate | 3.64 |
Unemployment Rate | 0.7% |
Population below poverty line | NA |
Inflation Rate | 3.8% |
Prime Lending Rate | 4.5% |
GDP | $156.6 billion |
GDP Pro Capita (PPP) | $129,700 |
Currency Name | Qatari Rial |
Currency Code | QAR |
World Bank Classification | High Income |
Competitive Industrial Performance | 18/138 |
Corruption Perceptions Index | 29/180 |
Ease of Doing Business | 83/190 |
Enabling Trade Index | 43/136 |
We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
Get StartedQatar’s major exports are crude oil and gas, with smaller but growing chemicals (primarily nitrogen fertilisers), ethylene polymer, and tourism exports. The country’s rapidly growing export industry is mostly based on oil, and leads to a large and steady trade surplus. It has large reserves of natural gas and is the world’s second largest exporter of it. Attempts to diversify have been successful, facilitating the export of fertilisers, plastics, and aluminium; hosting the FIFA World Cup in 2022 has further boosted its tourism and real estate industries.
The country has been expanding its hydrocarbon sector through large infrastructure investments, such as the North Field Expansion project, which should massively increase natural gas production, and a new petrochemical complex. It is also committed to tackling climate change, pledging to have a carbon zero footprint by 2050, and opened its first solar energy facility in 2022. Because of its size, Qatar must rely on foreign allies for security: its most important security partner has historically been the US, and Turkey has recently stepped in to defend it in regional disagreements.
Qatar is a resilient and peaceful country, with all executive and legislative power held by the hereditary emir and a somewhat influential elected body. Homosexuality is punishable by death for Muslims, and alcohol and pork meat sales are very limited. It is one of the most stable and prosperous countries in the region, owing to its strong and prosperous economy and suppression of the few protest movements. Scrutiny on the treatment of migrant workers, which make up the majority of the population, led to boycotts and international criticism prior to the 2022 World Cup, but these have decreased since then.
Trade finance is a revolving facility in which lenders offer financing options – it enables businesses to purchase products and can help ease the pressure from working capital issues.
Generally, an export finance bank will fund up to 100% of the cost of the products, including charges (e.g. insurance costs).
Trade finance offers upsides over more traditional bank financing, for example bridging mortgages or loans. Trade finance provides quick funding without affecting existing bank relationships.
How does it work?
If you’re a business importing or exporting goods around the world, then a trade finance facility would assist your company through offering a letter of credit (LC) or some form of cash advance.
I’m looking to import from Qatar, how can Trade Finance Global help, and how does it work?
If you’re looking to import inventory from other countries, you may require import finance, which is an agreement between yourself (the importer) and the foreign exporter. A non-bank lender will act as the intermediary, paying the foreign exporter on your behalf until you get the products and have then sold them to your buyer. Repaying the financier then occurs over an agreed period of time
Agriculture
0.1%
fruits, vegetables; poultry, dairy products, beef; fish
Industry
51.1%
liquefied natural gas, crude oil production and refining, ammonia, fertilisers, petrochemicals, steel reinforcing bars, cement, commercial ship repair
Services
48.8%
Country | Trade | % Partner Share |
United States | 4,606 | 14.37 |
China | 3,320 | 10.36 |
Germany | 2,970 | 2.97 |
United Arab Emirates | 2,914 | 9.09 |
Japan | 2,140 | 6.67 |
Export Product | Number |
Natural gas, liquefied | 61.3% |
Petroleum oils and oils obtained from bituminou | 15.4% |
Petroleum oils, etc, (excl. crude); preparation | 4.8% |
Crude or unrefined sulphur | 0.3% |
Mixed alkylbenzenes, nes | 0.3% |