Qatar Current Account Balance: % of GDP

2011 - 2023 | Quarterly | % | CEIC Data

Key information about Qatar Current Account Balance: % of GDP

  • Qatar Current Account surplus accounted for 15.6 % of the country's Nominal GDP in Jun 2023, compared with a 22.4 % surplus in the previous quarter.
  • Qatar Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2011 to Jun 2023, with an average value of 12.3 %.
  • The data reached an all-time high of 39.4 % in Sep 2012 and a record low of -7.6 % in Jun 2020.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. Qatar Central Bank provides Current Account in local currency. The Planning and Statistics Authority provides Nominal GDP in local currency based on SNA 2008.


Key information about Qatar Current Account Balance: % of GDP

  • In the latest reports of Qatar, Current Account recorded a surplus of 7.0 USD bn in Dec 2023.
  • Foreign Direct Investment (FDI) increased by 29.1 USD mn in Dec 2023.
  • Qatar Direct Investment Abroad fell by 664.8 USD mn in Dec 2023.
  • Its Foreign Portfolio Investment fell by 554.1 USD mn in Dec 2023.
  • The country's Nominal GDP was reported at 60.6 USD bn in Dec 2022.

View Qatar's Current Account Balance: % of GDP from Mar 2011 to Jun 2023 in the chart:

Qatar Current Account Balance: % of GDP

What was Qatar's Current Account Balance: % of GDP in Jun 2023?

Qatar Current Account surplus accounted for 15.6 % of the country's Nominal GDP in Jun 2023, compared with a 22.4 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
15.6 Jun 2023 22.4 Mar 2023 -7.6 Jun 2020 39.4 Sep 2012 % quarterly Mar 2011 - Jun 2023

Current Account Balance: % of GDP by Country Comparison

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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 6.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Algeria (%) 4.8 Mar 2023 quarterly Mar 2007 - Mar 2023
Argentina (%) -2.2 Dec 2023 quarterly Mar 2004 - Dec 2023
Armenia (%) 2.7 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 1.8 Dec 2023 quarterly Sep 1959 - Dec 2023
Austria (%) 1.7 Sep 2023 quarterly Mar 1970 - Sep 2023
Azerbaijan (%) 8.9 Dec 2023 quarterly Mar 2013 - Dec 2023
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) -0.5 2023 yearly 1998 - 2023
Belarus (%) -1.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Belgium (%) 1.4 Dec 2023 quarterly Mar 1995 - Dec 2023
Bolivia (%) -2.5 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) -2.3 Sep 2023 quarterly Mar 2008 - Sep 2023
Botswana (%) 1.2 Sep 2023 quarterly Mar 2004 - Sep 2023
Brazil (%) -1.5 Dec 2023 quarterly Mar 1995 - Dec 2023
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -3.1 Dec 2023 quarterly Sep 1999 - Dec 2023
Cambodia (%) -1.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Canada (%) -0.2 Dec 2023 quarterly Mar 1957 - Dec 2023
Chile (%) -4.4 Dec 2023 quarterly Mar 1996 - Dec 2023
China (%) 1.2 Dec 2023 quarterly Mar 1998 - Dec 2023
Colombia (%) -2.3 Dec 2023 quarterly Mar 1996 - Dec 2023
Croatia (%) -5.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) -6.6 Sep 2023 quarterly Mar 2008 - Sep 2023
Czech Republic (%) 0.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Denmark (%) 12.5 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 1.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.5 Dec 2023 quarterly Mar 1999 - Dec 2023
Finland (%) 1.5 Dec 2023 quarterly Mar 1990 - Dec 2023
France (%) 0.9 Dec 2023 quarterly Mar 1997 - Dec 2023
Georgia (%) -6.8 Dec 2023 quarterly Mar 1996 - Dec 2023
Germany (%) 6.9 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 0.9 Sep 2023 quarterly Mar 2006 - Sep 2023
Greece (%) -12.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Hong Kong SAR, China (%) 9.0 Dec 2023 quarterly Mar 1999 - Dec 2023
Hungary (%) -1.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) -2.7 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) -1.2 Dec 2023 quarterly Jun 2004 - Dec 2023
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) -0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 9.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 0.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) 3.0 Dec 2023 quarterly Mar 1992 - Dec 2023
Kazakhstan (%) -2.6 Sep 2023 quarterly Dec 1997 - Sep 2023
Kenya (%) -2.3 Mar 2023 quarterly Mar 2009 - Mar 2023
South Korea (USD mn) 7,671.1 Feb 2024 monthly Jan 1980 - Feb 2024
Kosovo (%) -15.4 Dec 2023 quarterly Mar 2010 - Dec 2023
Kuwait (%) 37.2 Sep 2023 quarterly Mar 2012 - Sep 2023
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) -0.1 2022 yearly 1984 - 2022
Latvia (%) -1.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Lebanon (%) -4.4 2020 yearly 2002 - 2020
Lithuania (%) 4.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 7.0 Dec 2023 quarterly Mar 1995 - Dec 2023
Macau SAR, China (%) 11.4 2022 yearly 2002 - 2022
North Macedonia (%) -3.0 Dec 2023 quarterly Mar 2000 - Dec 2023
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.1 Dec 2023 quarterly Mar 2000 - Dec 2023
Malta (%) 0.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Mauritius (%) -3.4 Dec 2023 quarterly Mar 2007 - Dec 2023
Mexico (%) 2.5 Dec 2023 quarterly Mar 1993 - Dec 2023
Moldova (%) -11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Mongolia (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Montenegro (%) -24.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Morocco (%) -0.5 Dec 2023 quarterly Mar 2014 - Dec 2023
Mozambique (%) -37.4 2022 yearly 1980 - 2022
Nepal (%) -1.3 2023 yearly 2001 - 2023
Netherlands (%) 8.5 Dec 2023 quarterly Mar 1987 - Dec 2023
New Zealand (%) -6.7 Dec 2023 quarterly Jun 1987 - Dec 2023
Nigeria (%) 1.8 Dec 2022 quarterly Mar 2008 - Dec 2022
Norway (%) 16.1 Sep 2023 quarterly Mar 1981 - Sep 2023
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.7 2023 yearly 1977 - 2023
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Paraguay (%) -1.2 Dec 2023 quarterly Mar 2000 - Dec 2023
Peru (%) 2.3 Dec 2023 quarterly Mar 1990 - Dec 2023
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 1.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Portugal (%) -0.4 Dec 2023 quarterly Mar 1996 - Dec 2023
Qatar (%) 15.6 Jun 2023 quarterly Mar 2011 - Jun 2023
Romania (%) -7.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 2.1 Dec 2023 quarterly Mar 1994 - Dec 2023
Saudi Arabia (%) 1.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Serbia (%) -5.5 Dec 2023 quarterly Mar 2007 - Dec 2023
Singapore (%) 19.5 Dec 2023 quarterly Mar 1986 - Dec 2023
Slovakia (%) -3.6 Dec 2023 quarterly Mar 1997 - Dec 2023
Slovenia (%) 3.9 Dec 2023 quarterly Mar 1995 - Dec 2023
South Africa (%) -2.3 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 2.2 Dec 2023 quarterly Mar 1980 - Dec 2023
Sri Lanka (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 7.1 Dec 2023 quarterly Mar 1980 - Dec 2023
Switzerland (%) 7.6 Dec 2023 quarterly Mar 1983 - Dec 2023

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Qatar Key Series

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Includes 206 key indicators for Qatar, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 5.5 Jun 2023 quarterly Mar 2011 - Jun 2023
Consolidated Fiscal Balance (USD mn) 384.615 Dec 2023 quarterly Mar 2011 - Dec 2023
National Government Debt (USD mn) 26,518.7 2012 yearly 2003 - 2012
Government Debt: % of GDP (%) 15.0 2012 yearly 2006 - 2012
Forecast: Government Expenditure (QAR bn) 249.083 2028 yearly 1990 - 2028
Forecast: Government Net Debt (QAR bn) 346.453 2028 yearly 1990 - 2028
Forecast: Government Revenue (QAR bn) 343.667 2028 yearly 1990 - 2028
General Government Revenue (QAR mn) 55,600.000 Dec 2023 quarterly Mar 2011 - Dec 2023
General Government Balance (QAR mn) 1,400.000 Dec 2023 quarterly Mar 2011 - Dec 2023
General Government Expenditure: Salaries and Wages (QAR mn) 16,900.000 Dec 2023 quarterly Mar 2019 - Dec 2023
General Government Expenditure (QAR mn) 54,200.000 Dec 2023 quarterly Mar 2011 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 8.685 2028 yearly 1980 - 2028
Trade Balance (USD mn) 4,964.0 Feb 2024 monthly Jan 2014 - Feb 2024
Total Exports (USD mn) 7,739.3 Feb 2024 monthly Jan 1998 - Feb 2024
Total Exports Growth (%) -9.2 Feb 2024 monthly Jan 1999 - Feb 2024
Aluminum: Exports (USD th) 2,093,672.588 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 38,487.089 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 31,566.854 2022 yearly 1995 - 2022
Total Imports (USD mn) 2,387.4 Apr 2023 monthly Jan 1998 - Apr 2023
Total Imports Growth (%) 24.6 Feb 2024 monthly Jan 1999 - Feb 2024
Imports: Medicament (USD th) 519,194.263 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 266,626.598 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 139.709 Dec 2023 monthly Jan 1989 - Dec 2023
Total Imports from USA (USD mn) 358.791 Feb 2024 monthly Jan 1981 - Feb 2024
Total Exports to China (USD mn) 1,975.000 Feb 2024 monthly May 1996 - Feb 2024
Total Imports from China (USD mn) 402.747 Feb 2024 monthly May 1996 - Feb 2024
Exports: SITC: Manufactured Goods Classified Chiefly by Materials (QAR mn) 8,206.000 2021 yearly 1989 - 2021
Exports: SITC: Crude Materials and Inedible excl Fuels (QAR mn) 2,286.000 2021 yearly 1989 - 2021
Exports: SITC: Chemicals and Related Products (QAR mn) 29,265.000 2021 yearly 1989 - 2021
Exports: SITC: Machinery and Transport Equipment (QAR mn) 8,401.000 2021 yearly 1989 - 2021
Exports: SITC: Mineral Fuels, Lubricants and Related Materials (QAR mn) 257,684.000 2021 yearly 1989 - 2021
Exports: Asia: India (QAR mn) 55,142.655 2022 yearly 1994 - 2022
Exports: Asia: South Korea (QAR mn) 51,998.724 2022 yearly 1994 - 2022
Exports: Asia: China (QAR mn) 75,649.288 2022 yearly 1994 - 2022
Exports: Asia: Japan (QAR mn) 45,754.146 2022 yearly 1994 - 2022
Exports: Asia: Singapore (QAR mn) 24,261.305 2022 yearly 2000 - 2022
Imports: SITC: Other Manufactured Goods (QAR mn) 17,910.000 2021 yearly 1971 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -664.8 Dec 2023 quarterly Mar 2011 - Dec 2023
Current Account Balance (USD mn) 7,030.8 Dec 2023 quarterly Mar 2011 - Dec 2023
Current Account Balance: % of GDP (%) 15.6 Jun 2023 quarterly Mar 2011 - Jun 2023
Foreign Direct Investment (USD mn) 29.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Foreign Direct Investment: % of GDP (%) -0.7 Jun 2023 quarterly Mar 2011 - Jun 2023
Foreign Portfolio Investment (USD mn) -554.121 Dec 2023 quarterly Mar 2011 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -7.7 Jun 2023 quarterly Mar 2011 - Jun 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 176.6 Sep 2023 quarterly Mar 2011 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -55.220 Sep 2023 quarterly Mar 2011 - Sep 2023
External Debt (USD mn) 194,500.0 2018 yearly 2000 - 2018
External Debt: % of GDP (%) 106.1 2018 yearly 2000 - 2018
Forecast: Current Account Balance (USD bn) 27.380 2028 yearly 1980 - 2028
Foreign Trade Directions: Exports: China (QAR mn) 7,189.000 Feb 2024 monthly May 2017 - Feb 2024
Foreign Trade Directions: Imports: United States of America (QAR mn) 1,306.000 Feb 2024 monthly May 2017 - Feb 2024
Foreign Trade Directions: Imports: China (QAR mn) 1,466.000 Feb 2024 monthly May 2017 - Feb 2024
BoP: Current Account: Goods: Exports: fob (QAR mn) 89,779.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial (QAR mn) -28,487.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Capital (QAR mn) -59.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Direct Investment (QAR mn) -5,287.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Goods: Imports: fob (QAR mn) -27,070.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Income (QAR mn) -5,154.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Portfolio Investment: Liabilities (QAR mn) 442.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Transfers: Debit (QAR mn) -15,252.000 Dec 2018 quarterly Mar 2011 - Dec 2018
BoP: Overall Balance (QAR mn) 4,078.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Other Investment (QAR mn) -12,822.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Change in Reserves (QAR mn) -4,078.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Income: Credit (QAR mn) 15,388.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Transfers (QAR mn) -12,723.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Services: Credit (QAR mn) 27,713.000 Sep 2023 quarterly Mar 2011 - Sep 2023
Balance of Payments (BoP): Current Account (QAR mn) 34,190.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Net Errors and Omissions (QAR mn) -1,566.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Services (QAR mn) -10,642.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Other Investment: Assets (QAR mn) 2,956.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Income: Debit (QAR mn) -20,542.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Portfolio Investment (QAR mn) -11,756.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Goods (QAR mn) 62,709.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Current Account: Services: Debit (QAR mn) -38,355.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Other Investment: Liabilities (QAR mn) -15,778.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Net Financial Derivatives (QAR mn) 1,378.000 Sep 2023 quarterly Mar 2011 - Sep 2023
BoP: Capital & Financial Account: Financial: Portfolio Investment: Assets (QAR mn) -12,198.000 Sep 2023 quarterly Mar 2011 - Sep 2023
Foreign Direct Investment: Financial and Insurance Activities (QAR mn) 12,900.000 2017 yearly 2008 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.7 2022 yearly 2000 - 2022
Money Supply M1 (USD mn) 43,067.363 Feb 2024 monthly Jan 1982 - Feb 2024
Money Supply M2 (USD mn) 205,354.808 Feb 2024 monthly Jan 1982 - Feb 2024
M2 Growth (%) 6.5 Feb 2024 monthly Jan 1983 - Feb 2024
Reserve Requirement Ratio (%) 4.5 Mar 2024 monthly Jan 2003 - Mar 2024
Foreign Exchange Reserves (USD mn) 43,406.1 Feb 2024 monthly Dec 1966 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 18.904 Jun 2023 quarterly Dec 2010 - Jun 2023
Foreign Exchange Reserves: Months of Import (NA) 15.6 Feb 2024 monthly Jan 1998 - Feb 2024
Gold Reserves (USD mn) 6,706.346 Feb 2024 monthly Dec 1966 - Feb 2024
Total Deposits (USD mn) 282,595.247 Feb 2024 monthly Dec 2001 - Feb 2024
Total Deposits Growth (%) 8.3 Feb 2024 monthly Dec 2002 - Feb 2024
Domestic Credit (USD mn) 382,380.1 Feb 2024 monthly Jan 2007 - Feb 2024
Domestic Credit Growth (%) 3.7 Feb 2024 monthly Jan 2008 - Feb 2024
Total Loans (USD mn) 360,692.967 Feb 2024 monthly Jan 1982 - Feb 2024
Total Loans Growth (%) 5.31 Feb 2024 monthly Jan 1983 - Feb 2024
Private Debt: % of Nominal GDP (%) 101.37 Jun 2023 quarterly Dec 2011 - Jun 2023
Money Supply: M3: M2 (QAR mn) 747,491.500 Feb 2024 monthly Apr 2004 - Feb 2024
Money Supply: M3: M2: M1 (QAR mn) 156,765.200 Feb 2024 monthly Apr 2004 - Feb 2024
Money Supply: M3: M2: M1: Currency in Circulation (QAR mn) 11,243.900 Dec 2018 monthly Jan 1982 - Dec 2018
Money Supply: M3 (QAR mn) 860,197.900 Feb 2024 monthly Jan 1982 - Feb 2024
International Reserves (QAR mn) 246,497.600 Feb 2024 monthly Apr 2004 - Feb 2024
Deposits: Commercial Banks (QAR mn) 1,028,646.700 Feb 2024 monthly Dec 2001 - Feb 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -3.6 Mar 2020 quarterly Jun 2015 - Mar 2020
BCI: Manufacturing: Overall (%) 22.000 Jun 2020 quarterly Jun 2014 - Jun 2020
Business Confidence Index (BCI): Overall (%) 20.200 Jun 2020 quarterly Jun 2014 - Jun 2020
BCI: Services: Overall (%) 22.600 Jun 2020 quarterly Jun 2014 - Jun 2020
BCI: Mining and Quarrying: Overall (%) 15.800 Jun 2020 quarterly Jun 2014 - Jun 2020
BCI: Construction: Overall (%) 21.300 Jun 2020 quarterly Jun 2014 - Jun 2020

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