Qatar’s Economy Grows 3.7% in Early 2025, Reaches $49.8 Billion
Qatar’s economy grew by 3.7% in the first quarter of 2025 compared to the same time last year, reaching $49.8 billion (QAR 181.5 billion), according to Qatar News Agency.
Growth Beyond Oil
The National Planning Council (NPC) said this growth shows good progress toward building a strong and balanced economy. Qatar is working to reduce its reliance on oil and gas and to boost the role of private businesses.
In early 2025, non-oil sectors made up 63.6% of Qatar’s real GDP (about $31.6 billion or QAR 115 billion), which is more than the 62.6% share in early 2024. These sectors grew 5.3% compared to last year.
Growth came mainly from:
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Manufacturing: up 5.6%
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Construction: up 4.4%
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Real estate: up 7%
The oil sector also grew slightly, by 1%, and now makes up 36.4% of Qatar’s real GDP (about $18.15 billion or QAR 66 billion).
Key Quote
“These numbers show that Qatar’s economy is growing steadily, especially in areas outside oil and gas,” said Abdulaziz bin Nasser Al Khalifa, Secretary General of the NPC.
Qatar’s Budget
In June, Qatar reported a budget deficit of $137.1 million (QAR 500 million) for the first quarter of 2025. This happened because oil revenues fell and government spending was higher than income. The deficit was covered by borrowing money.
Total income dropped 7.5% from last year to $13.5 billion (QAR 49.4 billion). Oil brought in $11.7 billion (QAR 42.5 billion), and non-oil revenues were $1.9 billion (QAR 6.9 billion).
This marks a change from previous years, when Qatar had extra money due to high oil prices.
New Investment Program
In May, Invest Qatar introduced a $1 billion support program to bring in local and foreign investment. The program will cover up to 40% of setup costs over five years. This includes expenses like building, rent, equipment, and salaries.
The program is being launched in stages and focuses on sectors like:
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Advanced industries
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Logistics
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IT
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Financial services
The first phase supports new projects, expanding existing businesses, digital upgrades, creating skilled jobs, and sharing knowledge.
Published: 2nd July 2025
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