In 2010, Qatar was the fastest growing economy in the world - ahead of Singapore and Turkmenistan - with a real GDP growth rate of 19.40 percent. Since 2008, Qatar has been consistently ranked among the top three fastest growing economies in the world. Analysts believe Qatar will continue its double-digit growth trend for the next few years on the back of rising oil and natural gas prices.
Qatar's successful 2022 world cup bid will likely accelerate large-scale infrastructure projects such as Qatar's metro system and the Qatar-Bahrain causeway.
Qatar enjoys one of the lowest unemployment rates in the world, with only 0.5 percent of the labour force unemployed. No forecast has been made for the future, however historic data from the past 4 years suggests it's unlikely for any dramatic increase in unemployment. What is more clear though, is the influx of Non-Qataris expected to increase Qatar’s population growth over the next few years - with an annual growth rate forecasted between 3.97 to 4.03 percent from 2010 to 2014, reaching a total population of 2.068 million people in 2015.
Qatar’s residents are considered to be the wealthiest in the world. Qatar’s GDP per capita (PPP) is the highest in the world at US$88,232.51. By 2015 it's expected to rise to US$116,996.84. Qatar’s GDP (PPP) is also expected to experience robust growth.
In 2010, Qatar’s GDP (PPP) grew by 16.95 percent from US$128.26 billion in 2009 to US$149.995 billion. By the end of 2011, Qatar’s GDP (PPP) is expected to reach US$180.05 billion, increasing 20.05 percent and boosted by rising oil prices as well as increased production of natural gas. Qatar’s current account balance is also expected to rise rapidly. In 2010, Qatar’s current account balance was US$19.714 billion, increasing 40.22 percent from 2009.
This growth however is more than likely to be eclipsed by Qatar’s 2011 growth rate expected at 83.93 percent, giving Qatar the 11th largest current account balance in the world. By 2015, Qatar’s current account balance is anticipated to reach US$42.21 billion.
With such an economic outlook Qatar is a great country to grow business in.