The Statistical Center of the Cooperation Council for the Arab States of the Gulf congratulates the State of Qatar on the occasion of the National Day, which falls on December 18th of each year. On this occasion, the Statistical Center of the Cooperation Council for the Arab States of the Gulf extends its warmest congratulations and blessings to His Highness Sheikh Tamim bin Hamad Al Thani – may God protect him – and to all citizens and residents of Qatar.
This national occasion comes in light of the great economic and social achievements that have strengthened the position of the State of Qatar and placed it among the highest levels of development. The Statistical Center of the Gulf wishes further development and progress for the State of Qatar and its loyal people.
The added value of financial and insurance activities at current prices achieves a growth rate of 59.5% The State of Qatar has witnessed economic growth and a comprehensive development renaissance, which has enabled it to achieve a remarkable increase in the gross domestic product at current prices, reaching a value of 213.0 billion US dollars in 2023, compared to 176.4 billion US dollars in 2019, achieving a growth rate of 20.8%. The government’s strategy also sought to diversify sources of income and economic diversification, as the added value of manufacturing activities at current prices amounted to about 18.5 billion US dollars in 2023, compared to 14.7 billion US dollars in 2019. With an increase of 25.6%, the added value of financial and insurance activities at current prices amounted to about 22.8 billion US dollars in 2023, compared to 14.3 billion US dollars in 2019, with an increase of 59.5%. The State of Qatar is the eighth in the world and the first in the Arab world in terms of per capita GDP at current prices, which amounted to 69.5 thousand US dollars in 2023 compared to 63.0 thousand US dollars in 2019, with an increase of 10.4%.
The market value of the Qatari stock market increased to 171.6 billion US dollars
The Qatari stock market witnessed a remarkable increase in the market value of the Qatari stock market, which amounted to 171.6 billion US dollars in 2023 compared to 159.7 billion US dollars in 2019, with a growth rate of 7.5%. Commercial banks in the State of Qatar continued to strengthen their financial assets and foreign reserves, as the total assets of commercial banks reached 541.0 billion US dollars in 2023, compared to 425.7 billion US dollars in 2019, with a growth rate of 27.1%. The total foreign reserve assets reached 51.4 billion US dollars in 2023, compared to 39.6 billion US dollars in 2019, with a growth rate of 29.6%.

The balance of trade in goods recorded a growth of 51.4%
The volume of trade in goods in the State of Qatar witnessed a growth of 26.5%, with a value of 129.2 billion US dollars in 2023, compared to 102.1 billion US dollars in 2019. Total commodity exports also witnessed an increase of 97.8 billion US dollars in 2023, compared to 72.9 billion US dollars in 2019, with a growth rate of 34.2%. The State of Qatar also sought to activate the contribution of its national non-oil exports to the national economy, as the value of national non-oil commodity exports amounted to about 10.0 billion US dollars in 2023, compared to 7.9 billion US dollars in 2019, with a growth rate of 26.6%. The State of Qatar recorded a surplus in its annual budget for 2023, as the trade balance in goods amounted to about 66.3 billion US dollars, compared to 43.8 billion US dollars in 2019, with a growth rate of 51.4%. More than 90% growth rate of tourists coming to the State of Qatar
The State of Qatar pays great attention to the tourism sector within its National Vision and Strategy 2030, and the Qatar National Tourism Strategy 2030, so that tourism becomes an important tributary to the national economy, and enhances its position as a global tourist destination. The fruits of this vision have been achieved in achieving positive indicators, as the total number of incoming tourists reached about 4.1 million tourists in 2023 compared to 2.1 million tourists in 2019, with a growth rate of 91.9%. This increase was accompanied by a growth in the volume of spending by incoming tourists to reach about 8.8 billion US dollars in 2023, with an increase rate of 61.7% compared to 2019.
Advanced ranks in international competitiveness
The State of Qatar is working to enhance its global competitiveness, as evidenced by the advanced positions it has achieved in several international reports, as it achieved the first place globally in the e-commerce legislation index according to the Network Readiness Index for the year 2024, and the first place globally in the basic infrastructure index, and the low unemployment rate index according to the Global Competitiveness Report (IMD) for the year 2024.
The journey of achievement and developmental progress witnessed by the State of Qatar continues under the wise leadership of His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the country, may God protect him and grant him peace.
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