Source: world bank Nominal/PPP
Summary:
Qatar GDP Per Capita expanded from 1970 to 2024, increasing from $2,593.82 to $76,688.69 .The compound annual growth rate (CAGR) averaged 6.47% over the period. The economy recorded its peak level in 2012 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 55.22%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Qatar Economic Phases (1970 - 2024)
From 1970 to 2024, Qatar economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1974) indicating robust economic expansion
- Expansion (1977–1978) indicating steady moderate growth
- High Growth (1979–1980) indicating robust economic expansion
- Crisis (1982–1983) indicating severe economic downturn
- Crisis (1985–1986) indicating severe economic downturn
- Contraction (1993–1994) indicating temporary slowdown
- High Growth (1995–1997) indicating robust economic expansion
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Contraction (2013–2014) indicating temporary slowdown
- Crisis (2015–2016) indicating severe economic downturn
- High Growth (2021–2022) indicating robust economic expansion
- Contraction (2023–2024) indicating temporary slowdown
The most remarkable growth occurred in 1974 with an increase of 176.017%, while the largest decline was in 2015 at -28.021%.