Qatar Economic Review 2006(September) - QNB

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Table 4.2Weightage on the ConsumerPrice IndexGroups of Commodities and Services Relative Importance (Weight on 10,000)FES-1987/88 % Spent FES-2000/01 % SpentFood, Beverages and Tobacco 2,868.0 28.7 1,812.4 18.1Clothing and Footwear 1,063.0 10.6 804.6 8.0Housing 1,240.0 12.4 2,072.0 20.7Furniture and Furnishings 1,258.0 12.6 965.2 9.7Transport and Communication 1,933.0 19.3 2,337.1 23.4Medical Care and Medical Services 123.0 1.2 229.2 2.3Education, Culture and Recreation 764.0 7.7 1,128.6 11.3Miscellaneous Goods and Services 751.0 7.5 650.9 6.5Total Weight 10,000.0 100.0 10,000.0 100.0Source: The Planning Council.Figure 4.1General Consumer PriceIndex - Qatar(2001 = 100)Source: The Planning Council.INFLATION 32
5. Balance of PaymentsForeign TradeQatar’s exports have grown exponentially, averaging a growth rate of 18.8% over the past five yearperiod from 2001 to 2005. Qatar’s successful diversification efforts are being realised, with increasedexport revenues coming in from natural gas, chemicals and related products, and iron and steel (Table5.2). Qatar’s exports have grown by 137% over the five year period from 2001 to 2005, to reach QR 93.8billion ($25.8 billion) in 2005, from QR 39.6 billion in 2001. The Balance of Payments situation has beenequally impressive, with consecutive surpluses being recorded since 1999.ExportsQatar’s Exports increased by 37.9% in 2005, to reach QR 93.8 billion, from QR 68.0 billion in 2004(Table 5.1). The export figures released by the Planning Council showed significant increases in export ofcrude oil, LNG, chemicals and related products, and iron and steel. The huge increase in crude oil exportrevenues was a result of better average crude oil prices and production. This trend is likely to continueinto 2006 and QNB forecasts exports to grow by a further 30% in 2006 to reach QR 122 billion.Table 5.1Balance of Payments(2001 - 2005)Particulars (QR Million) 2001 2002 2003 2004 2005Exports 39,571 39,960 48,712 68,013 93,774Imports (12,323) (13,287) (15,865) (19,691) (32,992)1. Trade balance 27,248 26,673 32,847 48,322 60,7822. Services and Private Transfers (Net) (12,134) (12,754) (11,903) (20,833) (21,787)3. Current Account (1+2) 15,114 13,919 20,944 27,489 38,9954. Net Capital Transfers(private and official)5. Surplus in Balanceof Payments (3+4)(5,558) (7,408) (5,544) (13,194) (22,872)9,556 6,511 15,400 14,295 16,123Source: The Planning Council and Qatar Central Bank.BALANCE OF PAYMENTS 33
Page 1: HEAD OFFICEQatar National Bank SAQ,
Page 5 and 6: Sovereign Ratings: State of QatarQa
Page 8 and 9: Economically Active Population by G
Page 10 and 11: 2. The Economy of QatarQatar’s ec
Page 12 and 13: The Non-Oil and Gas SectorThe Non-O
Page 14 and 15: 3.Key Economic Sectors3.1 The Oil S
Page 16 and 17: Blocks 1, 3, 4, 7 and 14 (Offshore)
Page 18 and 19: 3.2 The Natural Gas SectorQatar’s
Page 20 and 21: 2. Qatar Liquefied Natural Gas Comp
Page 22 and 23: QatargasTable 3.10LNG Summary (Mtpa
Page 24 and 25: Al Khaleej Gas ProjectA Development
Page 26 and 27: Qatar Steel Company (QASCO)QASCO is
Page 28 and 29: Ras Laffan Ethylene Cracker (RLEC)T
Page 30 and 31: The other leading educational insti
Page 34 and 35: Qatar’s principal export items in
Page 36 and 37: In 2005, Qatar’s main import trad
Page 38 and 39: 6. Monetary PolicyThe monetary mana
Page 40 and 41: 7. Banking SectorThe Qatari banking
Page 42 and 43: TABLE 7.2Balance Sheets of Qatari B
Page 44 and 45: The Services sector recorded a grow
Page 46: 2005/06 BudgetPreliminary data on g
Page 49 and 50: The DSM market capitalisation decli
Page 51 and 52: 11. Investment IncentivesQatar welc
Page 53 and 54: 12. Qatar National BankQatar Nation
Page 55 and 56: 1APPENDIXQatar Statistical SummaryT
Page 58: QNB Branches and OfficesHead Office

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