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Qatar ECONOMY
Gross Domestic Product (GDP): In 1990 GDP US$7.4
billion; per capita GDP US$15,000.
Industry: In 1989 oil and natural gas extraction
and
processing accounted for 26 percent of GDP and most
industrial
activity. Other major industries fertilizers,
petrochemicals,
steel, and cement.
Agriculture: Small-scale, state-subsidized farms
and
fishing sector, about 1 percent of GDP in 1989, meets
small
portion of local needs, mostly vegetables and fodder. Some
date
production. Livestock includes goats, camels, sheep, and
horses;
also dairy and chicken farms.
Exports: US$2.6 billion in 1989 (mostly oil,
gas, and
petroleum products). Main destinations: Japan (54.4
percent),
Thailand (5.0 percent), and Singapore (4.0 percent). Other
partners include gulf and European Community countries.
Imports: US$1.3 billion in 1989 (mostly
machinery,
manufactured goods, and food). Main sources Japan (18.8
percent),
Britain (11.6 percent), United States (8.8 percent), Italy
(7.8
percent), and Federal Republic of Germany (West Germany)
(7.3
percent). Other partners include gulf and European
Community
countries.
Currency and Exchange Rate: Qatari riyal. In
1994 US$1
= QR3.64 (fixed rate).
Fiscal Year: April 1 to March 31.
Data as of January 1993
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