International and local institutions expect a qualitative leap for the Qatari economy during the current year, with the Gulf state’s GDP reaching $217.05 billion by the end of 2025, increasing to $221.82 billion in 2026, and reaching $226.7 billion by 2027, according to research by Trading Economics.
Qatari Finance Minister Ali Bin Ahmed Al-Kuwari expects that the average GDP growth in the years until 2030 will exceed four per cent annually, noting that these are “high rates and among the best in the world, and reflect the sustainability of the growth of the Qatari economy.”
Doha’s GDP grew 1.7 per cent in 2024, non-hydrocarbon output by 1.9 per cent, and hydrocarbon output growth reached 1.4 per cent. According to Al-Kuwari, the inflation rate has begun to return to normal levels, indicating that inflation is expected to stabilise at two per cent in the medium term, after it reached 1.3 per cent as of September.
Jalal Qannas, a professor at the College of Business and Economics at Qatar University, believes that the positive expectations for the growth of the country’s economy are linked to plans to expand the production and marketing of natural gas witnessed by the North Field through three phases. The first phase is the North Field East project, which increases the production capacity of liquefied natural gas from 77 million tonnes annually to 110 million tonnes annually by 2026. The second phase is the expansion of the North Field South project, which increases production to 126 million tonnes annually by 2027, and the third phase witnesses the expansion of the North Field West project, which increases the production capacity to 142 million tonnes annually before the end of 2030.
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