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Tribune News Network
Doha
Qatar has been ranked first in the world index of countries that have achieved record economic growth in 20 years from 1997, according to a recent report.
China ranked second in the world with an economic growth rate of 9.1 percent, followed by Ethiopia (8 percent). India ranked fourth with a growth rate of 7 percent, followed by Nigeria with a growth rate of 5.8 percent.
Economic prospects for Qatar remain positive, with growth expected to reach 2.8 percent in 2018, while LNG production will rise to 100 million tonnes per year by 2023. The World Bank expects the Qatari economy to keep growing this year.
The World Bank, according to a recent report, said the increase in Qatar's energy export revenues will contribute to easing of financial constraints, as well as spending on the multi-year programme for infrastructure development in preparation for the 2022 FIFA World Cup.
Qatar's gross domestic product (GDP) rose last year to $220 billion, from $218 billion in 2016 to a real GDP growth rate of 2 percent, which is better than expected.
Qatar's inflation is expected to reach 2.4 percent this year.
