The crisis in the Middle East seems not going to over soon. The epicentre is the tiny gas rich nation of Qatar, which is the most vital American air base in the region. On June 5th, 2017 Saudi Arabia, the United Arab Emirates, Egypt and Bahrain launched a economic and political embargo against Qatar, accusing the country of financially supporting terrorist groups and maintains cordial relations with Iran and interferes in the internal affairs of their countries. Though Qatar has refuted all the charges.
Both the emir of Qatar and the country’s foreign minister have reiterated that Qatar is willing to negotiate with the boycotting countries and have welcomed calls from international leaders for the parties to sit down around a table.
The target of the siege is Qatar’s 37-year-old emir, Sheikh Tamim bin Hamad Al Thani, who is now facing the challenge of saving his country.
On December 03, 2018 Qatar announced that it will withdraw from OPEC in January 2019, shaking up the alliance of oil-producing nations and furthering its dispute with Saudi Arabia.
In World Bank’s ease of doing business ranking Qatar was ranked 83 out of 190 countries in 2018. Qatar’s ease of doing business ranking slipped from 37th position in 2008.
Qatar, officially, officially the State of Qatar, is a sovereign Arab emirate, located in Western Asia, which is occupied in the small Qatar Peninsula on the north-easterly coast of the much larger Arabian Peninsula. Its sole land border is with Saudi Arabia to the south, with the rest of its territory surrounded by the Persian Gulf.
Qatar had estimated population of 2.578 million in the year 2016 and expected to reach 2.776 million by 2022.
Qatar’s real gross domestic product (GDP) was around QAR 799.758 billions in 2016 whereas the nominal GDP was QAR 570.511 billions. This resulted in GDP deflator 71.336. Per capita GDP was estimated at USD 60786.72 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 127659.6.
In 2016, Qatar government’s revenue was QAR 172.89 whereas the expenditure was QAR 196.079 billions. This resulted Qatar government’s net lending / borrowing negative at QAR 23.189 billion in 2016.
The current account balance for Qatar was estimated to be negative at USD 3.48 billions for the year 2016 and is expected to grow at a CAGR of 10.90% and reach USD 6.128 by 2022. This positive current account balance indicates the Qatar is net lender to the whole world.
Scope of Qatar – PESTLE Analysis and Macroeconomic Trends Report
- This report provides information about key macroeconomic indicators for Qatar.
- This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Qatar.
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