Qatar economy grows 2.9% in 2025, inflation remains contained: Central Bank
<p>Doha, Qatar: Qatar Central Bank (QCB) has released its 2025 Annual Macroeconomic Review, highlighting the strong performance of the national economy, the continued momentum of economic diversification and the robustness of key macroeconomic indicators.</p> <p>QCB indicated that the annual review reaffirms the resilience of Qatar's economy and its ability to withstand challenges and sustain…
Doha, Qatar - Qatar's economy expanded by 2.9% in 2025, according to the Central Bank (QCB)'s Annual Macroeconomic Review. The review underscores the nation's economic resilience and stability, even in a challenging global landscape.
Non-hydrocarbon GDP grew by 4.8%, indicating that diversification is key to Qatar's growth strategy, in line with the Qatar National Vision 2030. Inflation remained under control, averaging just 0.5% for the year, with price pressures primarily affecting items like jewelry. Real estate prices stayed steady, suggesting a balanced market.
Tourism saw a boost, with 5.1 million visitors in 2025, compared to 4.9 million in 2024 and 4.0 million in 2023, cementing Qatar's status as a top regional tourist destination. The private sector also thrived, with the Purchasing Managers' Index averaging 51.2, well above the 50-point growth marker.
Externally, Qatar retained a strong position, posting a current account surplus of QR116.2 billion, or 14.8% of GDP. The Qatar Stock Exchange Index increased by 1.8% in 2025, reflecting the continued robustness of financial markets. QCB also noted that the country's capital markets have expanded, with the launch of ESG-aligned bonds and corporate Islamic sukuk.
Qatar's creditworthiness remained high, with AA ratings from S&P and Fitch and Aa2 from Moody's, all with stable outlooks.
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