International and local institutions anticipate significant economic growth for Qatar this year, with the country’s GDP expected to reach $217.05 billion by the end of 2025, rising to $221.82 billion in 2026 and $226.7 billion in 2027, according to Trading Economics.
Qatari Finance Minister Ali Bin Ahmed Al-Kuwari forecasts that GDP growth will average over four percent annually until 2030—one of the highest rates globally—highlighting the sustained expansion of Qatar’s economy.
In 2024, Doha’s GDP grew by 1.7 percent, with non-hydrocarbon output increasing by 1.9 percent and hydrocarbon output rising by 1.4 percent. Al-Kuwari noted that inflation is returning to normal levels, with expectations to stabilize at two percent in the medium term, following a 1.3 percent rate in September.
Jalal Qannas, a professor at Qatar University’s College of Business and Economics, attributes these optimistic growth projections to the expansion of natural gas production and marketing in the North Field. The development is unfolding in three phases: the North Field East project, which will boost liquefied natural gas (LNG) production capacity from 77 million to 110 million tonnes annually by 2026; the North Field South project, raising production to 126 million tonnes by 2027; and the North Field West expansion, which will increase capacity to 142 million tonnes annually before the end of 2030.
