The Qatari economy boasts a decade-long track record of extremely strong expansion, with the state’s GDP per capita having risen to become one of the highest in the world. While Qatar is the world’s highest exporter of liquefied natural gas, and the country’s income remains largely dependent on hydrocarbons activity, Qatar has, in recent times, pursued a vigorous plan of economic...
Economy
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Chapter | Country Profile from The Report: Qatar 2015
Qatar’s rapid economic growth over the past decade has thrust the country of 2.22m onto the world stage, and it is now one of the world’s richest on a per capita level. While Qatar’s huge natural gas resources represent the driving force behind its fast-growing economy, the country’s long-term development plan, Qatar National Vision 2030, envisions a diversification away from hydrocarbons in...
Hydrocarbons revenues, specifically from liquefied natural gas, still form the bulk of Qatar’s national income. However, as the country moves forward with Qatar National Vision 2030 (QNV 2030), the government is increasingly seeking to diversify the economy away from hydrocarbons while investing in renewable solutions to meet the energy demands of the future.
The Philippine economy is gradually on the rise, largely driven by its business process outsourcing, industry and construction sectors. The average pace of growth in the Philippines in the first half of the decade was 6.3%, compared to 6% in Indonesia, 5.8% in Malaysia and Vietnam, and 3.6% in Thailand.
A new $918m deal with the IMF should alleviate some of Ghana’s fiscal pressures and help restore investor confidence ahead of a critical bond issue, but further reforms will be needed to balance the budget.
A new budget signalled major funding boosts in Myanmar for the power and education sectors, both of which have been identified as structural weaknesses in the economy.