## Qatar: Selected Issues

_IMF Staff Country Reports, February 24, 2025_

## Source details

**Canonical URL:** [Qatar: Selected Issues](https://www.imf.org/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641)

## Other formats

- [Markdown version](/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.md)
- [Structured JSON version](/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/index.json)
- [Bundle manifest](/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641/bundle-manifest.json)

## Bibliographic details
- Published: February 24, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229001762.002

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### Financial Conditions Index (FCI) and Growth-at-Risk (GaR) framework
- The paper develops a Financial Conditions Index (FCI) for Qatar and applies the Growth-at-Risk (GaR) framework to assess impacts on Qatar’s non-hydrocarbon growth.
- Key finding: The FCI is an important leading indicator of Qatar’s non-hydrocarbon growth, demonstrating predictive potential for future economic performance.
- GaR framework result: Overall, the current downside risks to Qatar’s baseline non-hydrocarbon growth projections are relatively mild.

### Domestic and external drivers of non-hydrocarbon growth
- Domestic conditions:
  - Offer the strongest signal for non-hydrocarbon real GDP growth performance in the short term.
- External conditions:
  - Have significant effects on non-hydrocarbon real GDP growth in both the short and medium term.
- Primary external influence: Non-hydrocarbon growth is primarily influenced by oil prices.
- Global financial market uncertainty: Has minimal effects on non-hydrocarbon growth according to the analysis.

### Scenario analysis and policy implications
- Alternative scenario tests:
  - Indicate that future non-hydrocarbon growth could improve following a reduction in the policy deposit rate.
- Policy implication:
  - Monetary easing via a lower policy deposit rate may support higher non-hydrocarbon growth outcomes.
- Risk assessment:
  - The GaR analysis underscores the relative mildness of current downside risks to baseline non-hydrocarbon growth projections.

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## Content in this bundle

- **Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025**
  - [Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025 (Markdown version)](/-/media/files/publications/cr/2025/english/1qatea2025002-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Qatar: Selected Issues; IMF Country Report No. 25/48; January 8, 2025 (PDF)](/-/media/files/publications/cr/2025/english/1qatea2025002-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2025/02/24/qatar-selected-issues-562641_