Gross Domestic Product in Current Prices for Qatar
QATNGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
226,216,819,622.90
Year-over-Year Change
13.83%
Date Range
1/1/2000 - 1/1/2025
Summary
The 'Gross Domestic Product in Current Prices for Qatar' series measures the total value of all goods and services produced in Qatar, expressed in current U.S. dollars. This key economic indicator provides insights into the size and growth of Qatar's economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the most comprehensive measure of a country's economic output and a widely used indicator of economic health and development. Tracking Qatar's GDP in current prices is important for understanding the nation's economic performance, making international comparisons, and informing economic policy decisions.
Methodology
The data is calculated by the World Bank using national accounts information provided by the Qatari government.
Historical Context
Policymakers and analysts closely monitor Qatar's GDP to assess the country's economic trajectory and formulate appropriate fiscal and monetary policies.
Key Facts
- Qatar's GDP in current prices reached $174.8 billion in 2021.
- Qatar's economy is heavily dependent on oil and natural gas exports.
- The COVID-19 pandemic caused a 3.6% contraction in Qatar's GDP in 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Gross Domestic Product in Current Prices for Qatar' series measures the total value of all goods and services produced in Qatar, expressed in current U.S. dollars.
Q: Why is this trend relevant for users or analysts?
A: Tracking Qatar's GDP is important for understanding the country's economic performance, making international comparisons, and informing economic policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts information provided by the Qatari government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor Qatar's GDP to assess the country's economic trajectory and formulate appropriate fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to updates and revisions by the World Bank and may have a delay in reporting.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Current Prices for Qatar (QATNGDPDUSD), retrieved from FRED.