New! Qatar Qcs 2010 .pdf
doc Qatar is a major site for air and sea trade, it has the largest underwater seaport in the world, and it is also a major regional producer of natural gas. In August 2012, the United Nations Secretary-General’s special envoy on HIV/AIDS, Dr. Michel Sidibé, visited the country, where he praised its successes in implementing its ambitious National AIDS Strategy. Qatar seeks to expand its foreign investment portfolio by leveraging its geographic and human capital advantages. The Gulf state is considered a model for the rest of the Middle East in terms of its economic development. In 2011, it was the fastest growing economy in the Middle East, as its GDP increased by 8.9% and its population increased by 10.9% Economy Qatar has a state-led, free-market, progressive, and diversified economy based on petroleum, natural gas, and natural resources, as well as financial services and commerce. Its economy relies heavily on its state-owned investments in telecommunications, airline, banking, petroleum, and natural gas industries. The oil and natural gas industry dominates Qatar's economy. Petroleum and natural gas account for almost 100% of Qatar's exports; petroleum accounts for nearly 70% of the country's exports. Qatar is also the world’s largest exporter of liquefied natural gas, having shipped 1,827.9 million cubic meters (58.2 billion cubic feet) of LNG in 2015, nearly doubling that year’s shipments from the United States and making it the top exporter worldwide. In 2006, the country had an average GDP of $70.7 billion, and a per capita income of $86,000. Qatar has a diversified economy, relying on manufacturing, services, and tourism to sustain its growth, supported by the small-scale industrial sector. Qatar's Gross Domestic Product (GDP) in 2008 was reported to be US$85.7 billion, with a per capita GDP of US$37,400. In 2009, Qatar's per capita GDP had increased to $40,800 and by 2011, Qatar had a per capita GDP of $50,100. As of 2014, its real GDP growth rate was 7.7%, making it the world's fastest-growing economy, while its per capita income had grown to $64,400. The Economist Intelligence Unit reports that Qatar has a large, yet underdeveloped, services sector, which accounts for about 20% of its GDP.