1- Gross Domestic Product (GDP):

  As a result of the government persistence- during 2006- to go a head in implementing its plans of modernizing the country infrastructure and diversifying income resources, depending on the accumulated surpluses derived form oil and gas revenues increase during the year, GDP indicator has reflected the continuation of the economy good performance. Whereas, the value of GDP during 2005 reaches 153.3 billion QR, which is two time that of 2002 and has increased by 22.4% compared to its value of 2004. The tables below shows the development in GDP indicators in 2005 compared to the previous years (2001-2004):

   Table (1): Developments in State of Qatar GDP indicators (2001-2005)

Description /  Year	2001	2002	2003	2004	2005
Total GDP (QR million)	64579	71733	86273	114993	153290
Growth rate (%)	-0.1	11.1	20.3	33.3	33.3
Oil and Gas share (%)	57	56.8	60.4	55	60
Growth rate (%)	-5.8	10.6	24.2	21.4	46.3
None oil and gas sectors share (%)	43	43.2	39.6	45	40
Growth rate (%)	8.5	11.7	14.0	51.5	19
Population (inhabitant)	648744	682434	717766	744029	796186
Per capital income (QR 1000)	99.5	105.1	120.2	154.6	192.5
Inflation rate (%)	1.4	0.2	2.26	6.8	8.8

   (Source: Statistic Department- Planning Council

   

 Table (2)  
     Development of relative importance of economic activities as for share in the GDP during the years 2001/2005

(Source: Statistics Department – Planning Council)

click the table for PDF ( in Arabic )

 

 

 

   According to table (2) we find that, during 2005, oil and gas sector continue to be the first among economic sectors whereas it possessed the highest relative importance in the GDP (60%) while financial and real estate services sector came in the second place (8.9%), then manufacturing sector (8.5%), government services (8%), building and construction sector (6%) and other sectors (8.6%).

  The continual domination of oil & gas sector, with such a big share, is due to the continuous increase in oil prices in the international markets during that year.

 

2. Public Finance

    As a result of a big increase in oil price during 2005 from one side, and the rational policy in estimating the price of oil in the revenues side estimation in the public budget from the other side, Made the year 2005 came as the other previous four years during which the public budget of the state achieved surpluses that help reducing the state debts, whereas the rate of surplus to the total GDP during 2005 reached about 11.8%.

The table (3) below shows the devotement in the state budget during the fiscal years 2001/2002-2005/2006:-

Description / Year	2001/2002	2002/2003	2003/2004	2004/2005	2005/2006
Total revenues	22755	29453	30716	55232	61531
-Current expenditures Capital expenditures Totalpublic expenditures	17383 3112 20504	18792     4661 23453	21771 5245 27016	27810 7798 35608	30676 16141 46817
Surplus (deficit)	2251	6000	3700	19624	14714
Surplus (deficit)/GDP(%)	3.5	8.4	4.3	18.9	11.8

    Source: Qatar Central Bank
       * Preliminary figures 
 

 

                                                           

3- Money and Banks:-

    The money supply narrowly defined (M1) has increased by the end of 2005 reach about (22.3QRS) billion compared to (14.6) billion at the end of 2004 achieving an increase rate of 53.2%.  Also the money supply broadly defined M2 (m2=m1+quasi money) has increased to reach (64.3QRS) billion compared to (44.9) billion at the end of 2004 achieving an increase rate of (43.3%). Net foreign assets in the banking system increased from QR (31.8) billion at the end of 2004 to reach QR (47.8) billion by the end of 2005 with a growth rate of (50.3%). Total deposit increased from (60.30) billion Qatari riyal at the end of 2004 to reach about (64.6QR) billion by the end of 2005 with an increase rate of (40.3%). Credit facilities increased from (48.3QR) billion at the end of 2004 to about (39.5QR) billion.

The table below show major monetary and banking development in the state during the period 2001-2005:
(Value in QR million)       

particulars / Year	2001	2002	2003	2004	2005
Interest rate in Qatar monetary market (%) - Deposits - Loan - Repo Rate (%)	- - 2.5	1.28 1.58 2.0	1.23 1.33 1.53	2.50 2.60 3.15	4.40 4.50 5.10
Money supply (M1) Growth rate(%)	5219 17.3	6289 20.5	11278 79.3	14598 29.4	22362 53.2
Money supply (M2) Growth rate (%)	28754 0.0	32147 11.8	37223 15.8	44865 20.5	64291 43.3
Net foreign assets	14098	18016	25821	31812	47789
Total deposits	42518	45770	53964	60264	84631
Private deposits	27014	30226	35076	42271	67366
Total credit	34011	35967	43346	48294	67366
Private credit	17481	19151	23415	29824	48716

Source: Quarterly Statistical Bulletin/ different copies –Qatar Central Bank 

 

 

 

 

 

 

 

 

4- Balance of Payments:

Trade balance achieved a surplus of (55.6) billions QR during the year 2005 compared to a surplus of (40.5) billion during  the year 2004 with an increase rate of (41%).

    The current account also achieved surplus during the year 2005 but this surplus decreased to be (25.7) billions after it had been ( 27.5) billions during the year 2004 with a decrease rate of (6.5%).

   With regard to the general situation of the balance of payment we find that the total surplus increased from (14.3) billion in 2004 to (15.7) billion in 2005 with a growth rate of (9.8%).

 The below schedule show the most important changes in Qatari balance of payments during the period (2001-2005).

(Value in QR million)

particulars / Year	2001	2002	2003	2004	2005
-Trade balance -Exports (FOB) -Imports (FOB)	27247 39571 12324	26673 39960 13287	32846 48711 15865	48321 68012 19691	60781 93773 32994
-Current account balance -CA/GDP (%)	15113 24.2	13919 19.4	20943 24.3	27488 26.5	38994 25.2
-Capital & financial account	-5558	-7408	-5544	-13194	-14765
-Overall balance	9555	6511	15399	14294	16122

   Source:- Annual Report– Qatar Central Bank different years

  * year 2005 data are preliminary estimated.

 

 

 

 

 

Main Trade Partners
(Qatari Export Partners 2005

Serial	Country of destination	Value in QR	Relative importance
1	Japan	37.502.257	40.7%
2	South Korea	14.770.856	16%
3	Singapore	7.657.903	8.3%
4	United Arab Emirates	3.822.449	4.1%
5	India	3.203.382	3.5%
6	Taiwan	2.381.559	2.6%
7	Thailand	1.893.797	2.1%
8	China	1.369.094	1.5%
9	United States of America	1.133.373	1.2%
10	Philippines	1.092.245	1.2%
11	Spain	892.189	1%
12	Pakistan	752.900	0.82%
13	South Africa	580.748	0.63%
14	Netherlands	566.352	0.61%
15	Australia	482.597	0.52%

Total	78.101.701
Total Qatari exports	92.233.630
Percentage to total Qatari exports	84.7%

         Source:- Foreign Trade Statistics – Planning Council

 

Main Trade Partners
(Qatari Import Partners 2005)

Serial	Country of destination	Value in QR	Relative importance
1	Japan	4.262.973	11.6%
2	United States of America	4.232.362	11.6%
3	Federal republic of Germany	3.361.944	9.2%
4	Italy	2.364.696	6.5%
5	United Arab Emirates	2.355.918	6.4%
6	United Kindom	2.096.345	5.7%
7	Saudi Arabia	2.093.066	5.7%
8	China	1.892.264	5.2%
9	South Korea	1.657.765	4.5%
10	France	1.547.292	4.2%
11	India	1.411.671	3.9%
12	Netherlands	671.436	1.8%
13	Thailand	522.574	1.4%
14	Switzerland	509.953	1.4%
15	Australia	450.936	1.2%

total	29.595.431
Total Qatari imports	36.620.999
Percentage to total Qatari imports	8038%

Source:- Foreign Trade Statistics –Planning Council

 

 

Main Qatari exports for the year 2005

(Value in QR million)

1	Mineral and petroleum oils	83222.6
2	Fertilizers	2494.3
3	Plastic and articles thereof	2308.9
4	Organic chemical products	1915.3
5	Iron and steel	1354.6
6	Inorganic chemical products	454.1

 Source- Foreign Trade Statistics- Planning Council

 

 

 

Main Qatari imports for the year 2005

(Value in QR million)

1	Boilers, machinery and mechanical appliance and parts thereof.	8099.4
2	Vehicles, rolling stock and parts thereof	5165.7
3	Iron and steel products	4849.3
4	Electrical machinery and equipment and parts thereof.	3953.9
5	Optical, photographic, medical and surgical instruments	1131.3
6	Salt, sulphur , earths and stone, plastering materials, lime stones and cement	1018.7

 Source- Foreign Trade Statistics- Planning Council

 

Doha Securities Market:-

 At the  end of the third quarter of the year 2005 the market index of Doha securities market reaches its maximum value since the market had been established on the 26th of may 1997, whereas the index achieved (12512.2) points but it decreased by the end of the year to became (11053.06) points compared to (6493.6) points at the end of 2004 achieving an increase rate of (70.2%) .

   Total value of companies shares which had been exchanged in the market during 2005 jumped up to (102.8) billion Qatari Riyals compared to (23.2) billion during 2004 achieving an increase rate of(450%) while the market value of the shares that registered in the market increased at the end of the year 2005 to reach (317.2) billions compared to (147.2) billions at the end of 2004. with growth rate of (115%) .

The table below explains the most important changes in Doha securities market during the period (2001-2005).  

particulars / Year	2001	2002	2003	2004	2005
No of exchange shares in (QR thousand)	51015	79597	189973	305386	1033082
Value of exchanged shares in (QR million)	4719	3215	11722	23094	102843
Market value of shares that registered in the market in(Q.Rmillion)	26721	38475	97222	147191	317202
The index (point)	1692.2	2323.84	3946.7	6493.63	11053.06
Change rate (%)	37.2	37.3	69.7	64.5	70.2

 

 

 

 

 

 

 The number of companies registered in the market increased at the end of year 2005 to (32) companies compare to (30) companies at the end of the last year 2004 the two additional companies are working in service sector. out of the total registered companies in market at the end of 2005,  six companies work in manufacturing  sector, (15) companies in service sector (5) companies in insurance sector and (6) companies in banking sector.

  The following table explains the changes in capital of companies that registered in the market during the year (2005):-

   (Value in million Q.R)

No	Companies		Year	Capital
				Dec.2003	Dec.2004	Dec.2005
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32	Qatar National Bank Qatar Islamic Bank The Commercial Bank of Qatar Doha Bank AL-Ahli Bank of Qatar Qatar International Islamic Bank Qatar Insurance Company  Doha Insurance Company Qatar General Insurance Company AL khaleej Insurance Company Qatar Islamic Insurance Qatar Industrial Manufacturing Qatar National Cement Company Qatar Industries Qatar Flour Mills Company United Development Company Qatar German CO. for Medical Devices Qatar Telecom Qatar Electricity & Water Company Qatar Shipping Company Qatar Fuel Company Qatar Real-Estate Investment CO. Salam International Investment LTD Qatar Navigation Company AL Ahli Hospital Qatar Cinema & Film, Distribution Co. Qatar Technical Inspection Co. National leasing Company Qatar Meat and livestock Company Gulf warehousing Company Qatar Gas Transport Company Dlala Brokerage & Investment holding Co.		1965 1982 1975 1979 1983 1990 1964 1999 1978 1978 1994 1990 1965 2003 1969 1998 2000 1998 1996 1992 2002 1996 1998 1957 1996 1970 2003 2003 2003 2003 2004 2005	1038.2 250.0 296.6 239.9 182.8 125.0 145.2 127.2 50.0 29.0 20.00 200.0 101.6 5000.0 60.0 500.0 55.0 1000.0 1000.0 750.0 300.0 250.0 243.0 200.0 56.3 15.5 40.0 150.0 300.0 120.0 - -	1038.2 390.0 533.9 407.9 300.0 156.2 174.0 127.2 50.0 40.7 30.0 200.0 127.0 5000.0 60.0 500.0 55.0 1000.0 1000.0 750.0 300.0 250.0 243.0 300.0 56.3 15.5 40.0 150.0 300.0 120.0 5600.0 -	1038.2 663.0 934.4 693.4 304.7 203.1 283.1 127.2 85.3 50.8 50.0 200.0 190.5 5000.0 66.0 825.0 55.0 1000.0 1000.0 1000.0 300.0 500.0 424.3 360.0 168.9 15.5 40.0 157.0 300.0 120.0 5600.0 200.0

 

During year 2005 three companies has been established as follows:-

* On the 14th of February the Qatar Security Services Company was established with a total capital of (16) million Qatari Riyals. The company is owned completely by the state of Qatar.  
 

* On 28th of February 2005 Al Meera for consumers good was established  with a total capital (100) million Q.R 26%  of which is owned by the state and the rest by the share holders of the  Co-operative societies in the state whereas the  ownership of such societies will be transferred to AL-Meera  company after the completion of to establishment.

* On 10th  of march Qatari Diar Real Estate Investment Company was established with a total capital of  (3.65) Billion Q.R 100% owned by the Supreme Council For economic Affairs and Investment.