2022 FIFA World Cup: Economic Impact on Qatar and Regional Spillovers

By Aidyn Bibolov, Ken Miyajima, Sidra Rehman, Tongfang Yuan

February 21, 2024

Preview Citation

Format: Chicago

Aidyn Bibolov, Ken Miyajima, Sidra Rehman, and Tongfang Yuan. 2022 FIFA World Cup: Economic Impact on Qatar and Regional Spillovers, (USA: International Monetary Fund, 2024) accessed October 6, 2024

Summary

Qatar hosted the 2022 FIFA World Cup (WC) successfully and took the opportunity to further develop its non-hydrocarbon economy. Near-term contributions to Qatar’s economy, from visitors’ spending and WC-related broadcasting revenue, of up to 1 percent of GDP was comparable to cross-country experiences. The event generated positive regional economic spillovers as a sizeable share of spectators stayed in and commuted from neighboring GCC countries. Longer-term contributions were significant—the large investment in general infrastructure ahead of the WC drove much of the non-hydrocarbon sector’s growth in the past decade. The high-quality infrastructure and global visibility brought by the WC should be leveraged to further promote diversification and achieve the National Vision 2030.

Subject: Capital spending, Economic sectors, Expenditure, Financial sector policy and analysis, International organization, Monetary policy, Production, Production growth, Public investment spending, Spillovers, Tourism

Keywords: Asia and Pacific, Broadcasting revenue, Capital spending, Economic diversification, Economic transformation, FIFA World Cup, Global, Production growth, Public investment spending, Qatar, Qatar's economy, Spillovers, Structural reform, Tourism, WC spectator, World Cup broadcasting right

Publication Details

Pages:

13
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2024/011
Stock No:

SIPEA2024011
ISBN:

9798400267864
ISSN:

2958-7875

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