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

January 8, 2008

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2008) accessed December 23, 2024

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.

Subject: Commodities, External debt, Financial services, Inflation, National accounts, Oil, Oil prices, Prices

Keywords: CR, Fund staff estimate, Gas reserve, GDP, Global, Inflation, ISCR, Oil, Oil price increase, Oil prices, Oil prices outlook, Projection, Surplus, WEO baseline, WEO oil price

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/005
Stock No:

1QATEA2008001
ISBN:

9781451832617
ISSN:

1934-7685

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