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Macroeconomic indicators.
 
 Macroeconomic indicators. 

                                         

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% 
 Taiwan  2.381.559 2.6% 
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

Japan  

4.262.973 

11.6% 

United States of America

 4.232.362

 11.6%

Federal republic of Germany

 3.361.944

9.2% 

Italy

2.364.696 

6.5% 

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

Fertilizers

2494.3

Plastic and articles thereof

2308.9

Organic chemical products

1915.3

Iron and steel 

1354.6  

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

Vehicles, rolling stock and parts thereof

5165.7

3

Iron and steel products

4849.3

Electrical machinery and equipment and parts thereof.

3953.9  

Optical, photographic, medical and surgical instruments

1131.3  

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.

 


 
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