Oil and gas account for more than 55% of GDP, roughly 85% of export earnings, and 70% of government revenues. Oil and gas have given Qatar a per capita GDP comparable to that of the leading West European industrial countries. Proved oil reserves of 14.5 billion barrels should ensure continued output at current levels for 23 years. Production and export of natural gas are becoming increasingly important to the economy. Qatar's proved reserves of natural gas exceed 17.9 trillion cubic meters, more than 5% of the world total and third largest in the world. Long-term goals feature the development of offshore natural gas reserves. Since 2000, Qatar has consistently posted trade surpluses largely because of high oil prices and increased natural gas exports, and Qatar's economy is expected to receive an added boost as it begins to increase liquid natural gas exports.

purchasing power parity - $15.91 billion (2002 est.)

4.6% (2002 est.)

purchasing power parity - $20,100 (2002 est.)

agriculture: 0.4%
industry: 67.6%
services: 32% (2000 est.)

NA%

1.9% (2002)

280,122 (1997 est.)

NA%

2.7% (2001)

crude oil production and refining, fertilizers, petrochemicals, steel reinforcing bars, cement

NA%