Qatar’s GDP growth is projected at 2.9% this year and 6.1% in 2026 according to the International Monetary Fund (IMF). The State’s current account balance is expected to be 10.8% this year and 10.2% in 2026. Moreover, consumer prices are projected to be 0.1% this year and 2.6% next year. This growth was revealed in its World Economic Outlook on the occasion of the annual meetings of the IMF and the World Bank Group.
Qatar Progressing With Its Economic Diversification Programme
The predictions reflect Qatar`s positive trajectory towards sustainable development and economic diversification, in alignment with Third National Development Strategy (NDS3). The country’s stable and competitive economy has been growing at a faster rate. The high per capita income, vast hydrocarbon reserves and strong economic fundamentals support its strong credit profile. Furthermore, Qatar is poised to strengthen its economic position both regionally and globally through its ongoing efforts in economic diversification.
In addition, the IMF predicts growth will accelerate in the Middle East and Central Asia region, from 3.5% this year to 3.8% in 2026. Furthermore, growth in the Middle East and North Africa region is forecasted at 3.3% in 2025, rising to 3.7% next year. According to the report, this year was characterised by volatility due to international trade policies, particularly imposed tariffs.
Setting Up Business In Qatar? Soutien Group Is Your Support!
Soutien Group is part of a network of consultants, partners and investors. Our clients are corporate, private and international with an interest in exploring new markets. We can offer expertise in Market Research and Assessment Qatar, Qatar Business Case, Qatar Business Model Development. Feasibility Study and Business Plan Qatar, Organizational and Operational Structuring Qatar, Qatar Sponsorship and Partnership, Company Formation Qatar among others.
Please click on the link to learn more about opportunities and possibilities in the State of Qatar as well as the initiatives of Soutien Group.
