São Paulo – Qatar’s gross domestic product grew 2.9% in 2025, according to the 2025 Macroeconomic Report released by the Qatar Central Bank on Tuesday (11). The Gulf country’s total GDP reached QAR 736.6 billion, equivalent to USD 202 billion. Of the total, 34.7% came from the oil sector and 65.3% from the non-oil sector.
According to the monetary authority, the non-oil sector was the main driver of growth, expanding 4.8% in 2025 from the previous year, while the oil and petroleum products sector contracted 0.5%.
In a statement, the Qatar Central Bank said growth continues to be driven by the non-oil sector, which has remained resilient and reflects the country’s progress in economic diversification. The private sector continued to expand, as did tourism: 5.1 million people visited Qatar last year, up from 4.9 million in 2024 and 4 million in 2023. The sectors that contributed most to growth were construction, trade, finance and insurance, manufacturing, and transport and logistics.
In its statement, the Qatar Central Bank said that despite rising instability in the Middle East this year, the country’s GDP is expected to grow 6.1% in 2026. The forecast is based on increased gas production capacity, a surplus in the external accounts, and continued progress in economic diversification.
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Translated by Guilherme Miranda
