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
Volume/Issue:
Volume 2008
Issue 005
Publication date: January 2008
ISBN: 9781451832617
$20.00
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Topics covered in this book
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Exports and Imports , Inflation , Economics- Macroeconomics , Business and Economics - Statistics , ISCR , CR , WEO oil price , surplus , WEO baseline , projection , GDP , oil price increase , gas reserve , fund staff estimate , oil prices outlook , Oil prices , Oil , Inflation , Global
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Summary
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.
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