Economy & industry overview
Qatar is a high-income, hydrocarbon-driven economy on the Arabian Peninsula, ranking among the world's highest in GDP per capita. Liquefied natural gas (LNG) and crude oil exports account for the large majority of government revenues and merchandise exports, with mineral fuels comprising approximately 86.5% of total merchandise exports. The government's National Vision 2030 strategy targets economic diversification into financial services, logistics, tourism, and technology to reduce reliance on hydrocarbons. Qatar hosts the world's third-largest proven natural gas reserves and is a leading global LNG exporter. The Qatar Stock Exchange, established in 1995 and upgraded to MSCI Emerging Market status in 2014, serves as the primary capital market for the country's publicly listed firms.
Key sectors
Learn everything about Qatar →Macro
| GDP nominal, USD | $216.29B |
| GDP growth real, annual | 1.5% |
| Inflation annual | 1.3% |
| Population people | 3.4M |
| GDP per capita USD | $70,815 |
| Market cap total listed, USD | $166.30B |
| Market cap / GDP | 76.9% |
| Unemployment | 0.1% |
| Listed companies | 53 |
| Exchange | Qatar Stock Exchange (QSE) |
Data year: 2024. Sources: IMF World Economic Outlook, World Bank World Development Indicators, Qatar Planning and Statistics Authority, Macrotrends (World Bank data series), FocusEconomics, Forbes Middle East Top 20 Listed Companies 2025, Qatar Stock Exchange (qe.com.qa), CEIC Data, Wikipedia – Economy of Qatar, Statista, Capital.com.
Latest news
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Other Middle East markets
Largest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Qatar National Bank (QNB)QNBK · QSE | Banking | $41.10B | — |
| 2 | Industries QatarIQCD · QSE | Industrials / Petrochemicals | $20.20B | — |
| 3 | Qatar Islamic Bank (QIB)QIBK · QSE | Islamic Banking | $13.70B | — |
| 4 | OoredooORDS · QSE | Telecommunications | $8.20B | — |
| 5 | Qatar Electricity & Water Company (QEWC)QEWS · QSE | Utilities | $5.20B | — |
| 6 | The Commercial Bank (CBQ)CBQK · QSE | Banking | $4.80B | — |
| 7 | Masraf Al RayanMARK · QSE | Islamic Banking | $4.60B | — |
| 8 | Estithmar HoldingIGRD · QSE | Diversified / Real Estate & Services | $4.60B | — |
| 9 | Qatar Navigation (Milaha)QNNS · QSE | Transportation & Logistics | $4.10B | — |
| 10 | Qatar International Islamic Bank (QIIB)QIIK · QSE | Islamic Banking | $3.40B | — |
| 11 | Doha BankDHBK · QSE | Banking | $2.80B | — |
| 12 | Barwa Real EstateBRES · QSE | Real Estate | $2.70B | — |
| 13 | Ezdan Holding GroupERES · QSE | Real Estate | $2.50B | — |
| 14 | Gulf International Services (GIS)GISS · QSE | Energy Services | $1.60B | — |
| 15 | Qatar Fuel (Woqod)QFLS · QSE | Energy / Retail Fuel | $2.20B | — |
| 16 | Qatar Insurance Company (QIC)QATI · QSE | Insurance | $1.90B | — |
| 17 | QLM Life & Medical InsuranceQLM · QSE | Insurance | $1.10B | — |
| 18 | Al Meera Consumer Goods CompanyMERS · QSE | Consumer Staples / Retail | $900.00M | — |
| 19 | Dukhan BankDBIS · QSE | Islamic Banking | $2.00B | — |
| 20 | Qatar General Insurance & ReinsuranceQGRI · QSE | Insurance | $600.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
Local exchange & access
| Exchange | Qatar Stock Exchange |
| Code | QSE |
| Website | www.qe.com.qa |
| Currency | QAR |
Local broker access
Direct retail access to the Qatar Stock Exchange (QSE) for non-residents is limited; foreign ownership is capped at 49% for most listed companies (some companies allow up to 100% foreign ownership). International investors typically gain exposure via global depositary receipts (GDRs), ETFs, or through licensed local brokers such as QNB Financial Services, Dukhan Capital, and Al Rayan Investment. Several international brokerage platforms with MENA coverage also provide access. Settlement follows a T+2 cycle and the exchange operates Sunday through Thursday.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Permanent residency (non-citizen)
Qatar introduced a permanent residency programme in 2020 allowing foreign nationals to obtain permanent residency by investing at least QAR 3.65 million (approximately USD 1 million) in real estate or by depositing at least QAR 5 million (approximately USD 1.37 million) in a Qatari investment fund or bank. The programme is administered by the Ministry of Interior and grants holders rights broadly similar to Qatari nationals in areas such as education, healthcare, and business ownership, though it does not confer citizenship or a Qatari passport.
Minimum investment: $1.00M
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Qatar does not levy personal income tax on individuals. Expatriates make up the majority of the resident population and workforce. Labour regulations are governed by the kafala (sponsorship) system, which has undergone reforms since 2020 including removal of no-objection certificate requirements for most workers changing employers. Doha is the primary business hub with modern infrastructure and English is widely used in commerce.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Ooredoo Q.P.S.C. | ORDS | Ooredoo is cross-listed on the Abu Dhabi Securities Exchange (ADX: ORDS) in addition to the QSE but does not have a US-listed ADR or NYSE/Nasdaq listing. US investors access Ooredoo equity through the QSE or the ADX, or via the QAT ETF which holds it as a significant constituent. | |
| Qatar National Bank (QNB) | QNBK | QNB does not have a US-listed ADR. It is accessible to international investors through the QSE or via country/regional ETFs such as QAT. GDR programmes for QSE stocks are not widely established as of 2024-2025. |