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Showing posts with label about 109 thousand dollars in 2012. Show all posts
Showing posts with label about 109 thousand dollars in 2012. Show all posts

12/19/2011

Qatar's per capita income for the year 2012 will be 109 thousand dollars

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Predicted a recent report that rising GDP per capita in Qatar, about 109 thousand dollars in 2012, with support from high oil prices and increased production, according to the newspaper "home" country, as expected the report "Qatar - economic outlook," which will be issued for "Kew. The . RHB Capital "this month, to increase the gross domestic product (GDP) at current prices by 36 percent in 2011 to reach $ 173 billion.
And took the Qatar site of Luxembourg in 2010 as the highest country in the world in terms of GDP per capita calculates the equivalent purchasing power of up to 88.559 dollars per capita, and Qatar ranked third in the world after Norway and Luxembourg in terms of GDP per capita on the basis of the currency exchange rate in 2010.
The report said: "The rise in oil and gas production and the growth of non-oil sectors will cover decline in oil prices during the year 2012, which will lead to GDP growth rate of 14 percent, reaching $ 197 billion."
The report predicts that the growing oil and gas sector by 53 percent in 2011 to reach $ 101 billion, in addition to the growth rate of 14 percent in 2012 to reach $ 115 billion.
He explained that the flow of oil and gas revenues to the economy and the government's commitment to spending on development projects will lead to support non-oil sectors, which will grow by 17 percent this year, a rate of 14 percent per year through 2012.
The report is expected to grow the financial services sector, insurance and real estate by 15 percent in 2011 to reach $ 20 billion, in addition to the growth rate of 22 percent in 2012 to reach $ 24 billion through public and private investment in large-scale projects.
He stressed that Qatar's economy during the first quarter of 2011 continued strong growth, rising GDP at current prices by 12 percent of 126 billion riyals (35 billion dollars) in the fourth quarter of 2010, to 142 billion riyals (39 billion dollars) in the first quarter of this year.

Author: Ahmed Abul Naga
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