Standard & Poor's Ratings Agency expects Qatar's gross domestic product to rise by no less than 655 billion riyals (about $180 billion) by the end of this year. The Qatari GDP will contribute to a strong recovery compared to the level recorded last year, which was estimated at 526 billion riyals (144 billion US dollars). To achieve this, the Qatari GDP is not less than 129 billion riyals (about 35.5 billion dollars), with an annual growth rate of no less than 24.52 percent. The agency attributed this growth to the strong economic recovery achieved by the State of Qatar during the current year, at all levels, as well as commercial, financial and investment activities.
Standard & Poor's estimated that the level of economic growth this year will reach no less than 2.6 percent, and that it will jump strongly during the next year, to a level of no less than 4 percent. The strong economic growth in the coming year will be supported by a number of factors, foremost of which is Qatar’s hosting of the 2022 World Cup, where the World Cup is expected to have positive repercussions on many diverse commercial and economic sectors in Qatar, especially the tourism, hospitality and retail sectors.
Source (Al-Raya Newspaper, Edited)
