Statistics
• GDP: US$68.9 billion (2007).
• Main exports: Oil and gas.
• Main imports: Consumer goods, machinery and food.
• Main trade partners: Japan, South Korea, France, US and Singapore.
Economy
Oil, and in particular gas reserves, have transformed Qatar from an impoverished outcrop on the Arabian Peninsula into one of the richest countries in the world. As of 2007, it is the largest exporter of liquefied natural gas in the world.
While agriculture is limited by climate and water resources, the Qatari government has bolstered indigenous industries such as petrochemicals and refining, ammonia, fertilisers, steel, cement and commercial ship repair. Current economic performance shows annual growth of 7.8% (2007) and inflation runs at 12% (2007).
Qatar is a member of OPEC and the World Trade Organisation.
Business Etiquette
Politeness and patience are key ingredients for successful business interaction.
