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Qatar’s Medium-Term Economic Outlook Is Looking Strong
2025-10-27

Qatar’s Medium-Term Economic Outlook Is Looking Strong

Qatar’s economic momentum is set to accelerate in the coming years, signalling a strong medium-term outlook.

According to recent projections, real GDP growth is expected to rise from 2.8% in 2025 to 5.3% in 2026,

peaking at 6.8% in 2027.

This steady upward trajectory reflects the country’s expanding economic base and its continued focus

on diversification.

The primary engine of this growth is the North Field expansion project, which will increase LNG

production by nearly 50% to 118 million tons per annum by 2027.

Hydrocarbon output is forecast to surge from 3% in 2025 to 15% in 2027, reaffirming Qatar’s position as

a global leader in energy exports.

Non-hydrocarbon growth will remain robust, with growth projected to reach 3.6% in 2025 and average

4% through 2026–2027.

This expansion is supported by ongoing tourism initiatives, the spillover benefits of LNG investments,

and structural reforms that enhance business competitiveness.

Inflation is expected to remain manageable, edging up to 1.2% in 2025 due to higher food prices and

imported inflation from a weaker US dollar, and stabilizing around 2% through 2026–2027.

The Qatari riyal’s peg to the US dollar will continue to provide a strong nominal anchor—ensuring

economic stability for investors and businesses navigating this next growth cycle.

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Source: Sahmik