Qatar's Economic Growth and Achievements!
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 Emir, Qatar has achieved remarkable advancements beyond the energy sector. A standout example is Al Jazeera, the internationally acclaimed news network based in Doha. It is considered one of the top five most influential global media outlets.
Qatar has also emerged as a leader in aviation and infrastructure. According to AirlineRatings.com, Qatar Airways was ranked the second-best airline in the world in 2025, while Hamad International Airport secured the second spot among global airports. The top positions were claimed by Singapore’s Changi Airport and South Korea’s Korean Air.
Interestingly, although nearly a quarter of the world’s population resides in South Asia, no country from the region has ever entered the global top 15 rankings for airlines or airports. This highlights Qatar’s outstanding commitment to excellence in aviation, infrastructure, and global connectivity.
References: Wikipedia, Qatar Central Bank, AirlineRatings.com, Qatar Investment Authority
Information and images collected
Sherazur Rahman
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