According to a survey published last week by Global Finance, Qatar is now the fifth richest nation in the world. The study emphasized Qatar's ability to withstand changes in oil prices and the difficulties caused by the COVID-19 epidemic. Gross domestic product (GDP) per capita in Qatar has been rising gradually, topping $143,000 in 2014 before a notable fall. It has, however, been steadily rising in recent years, rising by about $10,000 a year.
The analysis showed that despite encountering obstacles throughout the pandemic, such as the swift proliferation of COVID-19, Qatar's economy has demonstrated resilience.
According to Global Finance, Qatar's National Vision 2030, which intends to encourage private investment across multiple sectors in order to broaden the economic base, is responsible for the country's economic success.
Investments in infrastructure, financial services, tourism, and ICT have all been effectively drawn in by the government. In most industries, Qatar permits up to 100% foreign ownership of companies, which further stimulates economic expansion.
In 2023, the GDP reached a total of $220 billion, with an adult PPP of $118,305.
