High oil and natural gas prices combined with a 20-year strategic investment programme have catapulted Qatar into the ranks of the highest per-capita income economies in the world. Sustained GDP growth has created substantial wealth and raised the country’s standard of living to a level comparable to the most highly industrialised nations....
According to the “Qatar Economic Outlook 2011-12” report, issued by the General Secretariat for Development Planning (GSDP), the country will continue posting double-digit fiscal surpluses in 2011 and 2012 as a result of increasing hydrocarbons revenues. However, as the National Development Strategy 2011–16 (NDS) has pointed out, this hefty surplus...
With the elation of winning the right to host the 2022 FIFA World Cup over, the Gulf state continues to make strides forward in both the economic and diplomatic arenas. The state remains the world’s wealthiest country per capita, according to the World Bank. The General Secretariat for Development Planning (GSDP) forecasts real GDP growth of 6.2...
Western investors have not been the only ones to notice Nigeria’s resilient growth. While global demand has gradually rebalanced towards large emerging economies such as the BRICS, Nigeria’s trade patterns are shifting. The displacement of the US by India as Nigeria’s largest trading partner in the first quarter of 2012 (for the first time since...
The country is set to join the ranks of the leading oil producers in establishing a sovereign wealth fund (SWF) to manage the excess proceeds of its production in times of high pricing. Yet despite legislative progress in 2011, the initiative has been met with political uncertainty – not concerning its objectives as such, but rather the funding...
Unique to Africa, Nigeria’s federal system of government remains subject to frequent calls for modification. The colonial powers’ policy of “divide and rule” left an independent Nigeria as a country with disparate levels of economic, political, social and cultural development. As JP Mackintosh wrote in his book Nigerian Government and...
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