Qatar's Economic Growth and Achievements!
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Qatar's Economic Growth and Achievements! By: Sherazur Rahman Qatar, a small country in the Middle East, has gained global recognition for its rapid economic transformation. Since gaining independence in 1971, it has evolved from a desert land with limited resources into one of the wealthiest nations in the world—thanks largely to its vast oil and natural gas reserves. By 2025, Qatar ranks among the top five richest countries in the world based on GDP per capita. The country’s nominal GDP is approximately $240.22 billion, with a per capita income of around $72,760. According to the Qatar Central Bank, the nation held foreign exchange reserves of $70.28 billion as of February 2025. Qatar’s journey from virtually nothing in 1971 to holding $526 billion in total investments by 2024 is a testament to its remarkable growth. The Qatar Investment Authority has played a pivotal role in driving both domestic and international investment. Despite being an absolute monarchy ruled by an ...