Qatar: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Qatar
January 8, 2008
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Budget revenue in FY2006/07 amounted to 42 percent of GDP, with hydrocarbon revenue mirroring rising oil prices. The current account recorded a surplus of about 31 percent of GDP in 2006. Monetary conditions were characterized by ample liquidity and strong credit growth. Qatar’s medium-term (2008–12) outlook is favorable. As of June 2007, annualized inflation was estimated to have risen to 13 percent, compared with 12 percent during 2006. Designing a credible transition plan to implement the vision of a single financial market will be challenging.
Subject: Commodities, External debt, Financial services, Inflation, National accounts, Oil, Oil prices, Prices
Keywords: CR, fund staff estimate, gas reserve, GDP, Global, Inflation, ISCR, Oil, oil price increase, Oil prices, oil prices outlook, projection, surplus, WEO baseline, WEO oil price
Pages:
51
Volume:
2008
DOI:
Issue:
005
Series:
Country Report No. 2008/005
Stock No:
1QATEA2008001
ISBN:
9781451832617
ISSN:
1934-7685
