QATAR

S.M. ABBAS ZAIDI, S.KAMAL HAYDER KAZMI,
Research Analyst
, PAGE
Mar
22 - 28, 2010

QATAR ECONOMIC INDICATORS

INDICATORS 2001 2002 2003 2004 2005 2006 2007
GDP (US$ bn) 17.7 19.7 23.7 28.5 34.3 44.9 65.8
GDP per capita (Us$) 27344 28858 32976 37610 43110 53512 70,754
Real GDP growth (% change YOY) 4.5 7.3 5.9 11.2 6.5 6.7 14.2
Goods & services exports (%GDP) 65.1 59.5 61.3 64.5 68.8 71.8 63.4
Inflation(% change YOY) 1.4 0.2 2.3 6.8 8.8 9.0 12.0
Unemployment rate (%) n.a n.a n.a. n.a. n.a. n.a 0.7
Total Exports (US$ bn) 10.871 10.978 13.382 18.684 26.498 31.278 36.970
Total Imports (US$ bn) 3.758 4.052 4.897 6.005 8.039 15.861 22.045
GDP – COMPOSITION: Agriculture: 0.1%Industry: 73.5%, Services: 26.4% (2007)
MAJOR INDUSTRIES crude oil production and refining, ammonia, fertilizers, petrochemicals, steel reinforcing bars, cement, commercial ship repair.

MAJOR ITEMS OF EXPORT FROM PAKISTAN TO QATAR
(US$ Million)
COMMODITY DESCRIPTION 03-04 04-05 05-06 06-07 07-08
Rice 22.211 20.73 26.613 37.71 86.07
Leather & leather Manufactured 2.119 2.440 2.25 3.189 7.27
Made up textile article, rags etc. 0.802 1.964 1.43 2.025 4.62
Cotton Yarn & woven fabric 2.409 1.318 1.58 2.22 5.06
Meat & ed. Meat offal 1.623 1.179 1.516 2.15 4.90
MAJOR ITEMS OF IMPORT FROM QATAR TO PAKISTAN
(US$ Million)
Petroleum products & oil 46.56 39.545 327.63 396.74 480.49
Plastic & articles there of 14.536 34.533 68.94 83.49 101.11
Organic chemicals 32.938 67.025 67.675 82.52 99.94
Iron, steel & articles 0.443 1.843 2.878 3.48 4.21
Source: WTO Trade data base, World Development Indicators, Federal Bureau of Statistics.

TRADE BETWEEN PAKISTAN & QATAR
(MILLION US $)

YEAR EXPORT IMPORT BALANCE OF TRADE
2001-02 32.767 38.888 (6.12)
2002-03 32.514 23.121 9.393
2003-04 37.572 97.818 (60.24)
2004-05 33.829 152.565 (118.736)
2005-06 42.405 486.748 (444.343)
2006-07 60.103 589.509 (529.406)
2007-08 137.195 713.964 (576.769)
2008-09 172.112 433.300 (261.188)

QATAR: SUMMARY ECONOMIC PROJECTIONS

INDICATORS 2008 2009e 2010f 2011f
Nominal GDP ($ bn) 100.4 85.0 115.9 134.6
Real GDP (% change) 14.3 9.4 18.1 13.3
Hydrocarbon GDP 24.6 12.8 25.6 16.8
Non-hydrocarbon GDP 9.3 6.1 10.0 9.1
CPI inflation (% change) 15.2 -4.0 3.5 6.0
Hydrocarbon exports ($ bn) 66.3 44.2 64.3 80.8
C/A balance (% GDP) 27.0 9.7 21.8 27.4
External debt (% GDP) 60.4 86.7 58.7 48.3
Fiscal balance (% GDP) 8.5 2.0 6.2 7.4
Official reserves ($ bn) 9.8 17.0 20.0 25.0
MEMORANDA
Oil price (WTI; $/b) 100.0 62.0 75.0 85.0
Crude oil prod (m b/d) 850 799 820 830
Nat gas prod (m boe/d) 1100 1450 2000 2500
World GDP growth (% pa) 3.1 -1.1 3.1 3.5
US Fed Funds Rate 0.0 0.3 0.3 1.3

HOME REMITTANCES FROM QATAR TO PAKISTAN

YEARS US MILLION $
2000-01 13.38
2001-02 31.87
2002-03 87.68
2003-04 88.69
2004-05 86.86
2005-06 118.69
2006-07 170.65
2007-08 233.36
2008-09 339.51
2009-10 (July to Feb) 243.32

MAJOR TRADING PARTNERS OF QATAR IN 2007

QATAR’S PRINCIPAL EXPORT DESTINATIONS QATAR’S PRINCIPAL IMPORT SOURCES
1- Japan 40.5% 1- France 13.4%
2- South Korea 16.5% 2- Japan 10.2%
3- Singapore 6.6% 3- US 9.3%
4- Thailand 4.2% 4- Italy 8.9%
Pakistan 1.59% Pakistan 0.27%

NATURAL GAS PROVEN RESERVES DURING 2008

RANK COUNTRY/REGION NATURAL GAS PROVEN RESERVES (M³)
World 175,400,000,000,000
1 Russia 44,650,000,000,000
2 Iran 26,850,000,000,000
3 Qatar 25,630,000,000,000
4 Saudi Arabia 7,167,000,000,000
5 UAE 6,071,000,000,000
6 United States 5,977,000,000,000
7 Nigeria 5,210,000,000,000
8 Venezuela 4,708,000,000,000
9 Algeria 4,502,000,000,000
24 India 1,075,000,000,000
28 Pakistan 792,800,000,000

UPCOMING NEW PROJECTS IN QATAR

PROJECTS NAMES AMOUNT
DOHALAND $5.5bn
New Doha International Airport $ 5.5 billion
Qatar – Bahrain Friendship Bridge $3 billion
Urjuan by BARWA Al Khor $9.6 billion
Al Waab City $3.5 billion
The Pearl Island $9 billion
Lusail City $1.2 billion
Energy City $2.6 billion
Entertainment City Doha $500 million
Tourism Project in Al-Khor $5 billion
Expansions of Mesaieed Industrial City's Port $6 billion
Touristic Projects Hotels, Entertainment and Leisure Centers $17 billion
250,000 housing units needed by 2010-

QATAR: 2008 PROJECTS $212.5BN

Petrochemicals $9.9bn
Water & waste 9bn
Other $8.3bn
Construction $66.5bn
Infrastructure 60.3bn
Refining $14.9bn
Oil & gas $28.4bn
Power 15.2bn

QATAR: 2008 GDP, $100 BILLION

Construction 5%
Manufacturing 7%
Government services 9%
Other 8%
Finance & real estate 10%
Oil & gas 61%