Qatar
Middle East · Doha · QAR (Qatari Riyal)
Economy & industry overview
Qatar is a high-income, hydrocarbon-driven economy on the Arabian Peninsula, where liquefied natural gas (LNG) and crude oil exports account for the dominant share of government revenues and merchandise exports. The country holds among the world's largest proven natural gas reserves and is one of the top global LNG exporters, with QatarEnergy leading the North Field expansion project targeting 142 million tonnes per annum capacity by 2030. Qatar National Vision 2030 aims to diversify the economy toward financial services, tourism, logistics, and technology, reducing dependence on hydrocarbons over time. GDP per capita is among the highest globally, underpinned by a large expatriate workforce that constitutes the substantial majority of the labour force. The Qatar Stock Exchange (QSE) lists approximately 54 domestic companies spanning banking, energy, industrials, telecoms, and real estate.
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 | $170.32B |
| Market cap / GDP | 78.8% |
| Unemployment | 0.1% |
| Listed companies | 54 |
| Exchange | Qatar Stock Exchange (QSE) |
Data year: 2024. Sources: International Monetary Fund (IMF) World Economic Outlook 2024, World Bank Open Data 2024, Qatar Planning and Statistics Authority, Macrotrends (World Bank data series), FocusEconomics – Qatar Country Profile, TheGlobalEconomy.com (World Bank series), GCC Statistical Center (GCC-STAT) Q2 2024 Labour Report, US State Department 2024 Investment Climate Statement: Qatar, Qatar Stock Exchange (qe.com.qa), iShares / BlackRock – QAT ETF factsheet, Capital.com QSE Company Data April 2026, Qatar Financial Markets Authority (QFMA).
Latest news
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 | $43.00B | — |
| 2 | Industries Qatar (IQ)IQCD · QSE | Petrochemicals & Industrials | $20.20B | — |
| 3 | Qatar Islamic Bank (QIB)QIBK · QSE | Islamic Banking | $12.50B | — |
| 4 | Qatar Gas Transport Company (Nakilat)QGTS · QSE | Energy / Shipping | $8.50B | — |
| 5 | OoredooORDS · QSE | Telecommunications | $7.80B | — |
| 6 | Masraf Al Rayan (Al Rayan Bank)MARK · QSE | Islamic Banking | $7.20B | — |
| 7 | Qatar Electricity & Water Company (QEWC)QEWS · QSE | Utilities | $5.90B | — |
| 8 | The Commercial Bank of QatarCBQK · QSE | Banking | $4.80B | — |
| 9 | Qatar International Islamic Bank (QIIB)QIIK · QSE | Islamic Banking | $4.10B | — |
| 10 | Mesaieed Petrochemical Holding Company (MPHC)MPHC · QSE | Petrochemicals | $4.00B | — |
| 11 | Qatar Fuel Company (Woqod)QFLS · QSE | Energy / Fuel Retail | $3.70B | — |
| 12 | Ahli BankABQK · QSE | Banking | $2.40B | — |
| 13 | Qatar Navigation (Milaha)QNNS · QSE | Transportation & Logistics | $2.20B | — |
| 14 | Barwa Real Estate CompanyBRES · QSE | Real Estate | $2.10B | — |
| 15 | Doha BankDHBK · QSE | Banking | $1.90B | — |
| 16 | Ezdan Holding GroupERES · QSE | Real Estate | $1.80B | — |
| 17 | Qatar Aluminium Manufacturing Company (QAMC)QAMC · QSE | Metals & Mining | $1.70B | — |
| 18 | Qatar Insurance Company (QIC)QATI · QSE | Insurance | $1.50B | — |
| 19 | Qatar Oman Investment Company (QOIS)QOIS · QSE | Financial Services / Investment | $500.00M | — |
| 20 | Mannai CorporationMCCS · QSE | Diversified Conglomerate | $900.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market — the simplest route for many US investors.
| Ticker | ETF | Issuer | Scope | Expense ratioannual % | Exposure% of fund |
|---|---|---|---|---|---|
| QAT | iShares MSCI Qatar ETF | BlackRock / iShares | Single-country | 0.59% | 100% |
| VWO | Vanguard FTSE Emerging Markets ETF | Vanguard | Broad EM Reference only | 0.08% | 0% |
| EEM | iShares MSCI Emerging Markets ETF | BlackRock / iShares | Broad EM | 0.70% | 0% |
| MES | iShares MSCI Saudi Arabia ETF | BlackRock / iShares | Regional Reference only | 0.74% | 0% |
| GULF | WisdomTree Middle East Dividend Fund | WisdomTree | Regional | 0.88% | 15% |
Local exchange & access
| Exchange | Qatar Stock Exchange |
| Code | QSE |
| Website | www.qe.com.qa |
| Currency | QAR |
Local broker access
Foreign investors may own up to 49% of most QSE-listed companies, with some sectors permitting up to 100% foreign ownership following reforms approved in 2021. Access for international retail investors is primarily via global brokers offering access to MSCI Emerging Market-classified markets, or through US-listed ETFs such as iShares MSCI Qatar ETF (QAT). Direct QSE access requires an account with a licensed QSE member broker; a list of licensed brokers is published on the QSE website (qe.com.qa). Settlement is T+2. QSE is regulated by the Qatar Financial Markets Authority (QFMA).
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 Renewable long-term residency (not citizenship by investment)
Qatar operates a residency-by-investment programme commonly referred to as the Qatar Golden Visa. Foreign nationals can obtain long-term renewable residency permits by purchasing qualifying residential real estate in designated zones (threshold typically reported at QAR 730,000 / ~USD 200,000 for a basic permit, or QAR 3,650,000 / ~USD 1,000,000 for premium benefits). Permit holders gain the right to own property, establish businesses without a local partner, sponsor immediate family members, and access healthcare and education. In March 2024 the government-owned Qatar Manpower Solutions Co. (Jusour) also launched the 'Mustaqel Visa', a five-year renewable residency programme targeting talented individuals and entrepreneurs. Long-term residents may apply for Qatari citizenship after 25 consecutive years of residence, subject to a statutory cap of 50 naturalizations per year.
Minimum investment: $200.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Qatar levies no personal income tax on individuals. Expatriates comprise approximately 84.5% of the total labour force. Residency is typically tied to employment sponsorship (kafala system, under reform) or investment. The Mustaqel Visa introduced in 2024 offers a five-year renewable permit for qualified entrepreneurs and skilled professionals. Foreign nationals cannot obtain Qatari citizenship through investment; naturalisation after 25 years of residence is subject to strict annual caps.
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 |
|---|---|---|---|
| Industries Qatar | IQCD | Industries Qatar is listed solely on the QSE and has no US ADR or cross-listing. International exposure is primarily through the iShares MSCI Qatar ETF (QAT) where IQCD is among the top holdings. | |
| Ooredoo | ORDS | Ooredoo is listed on the QSE and does not maintain a US ADR listing. The company's shares trade primarily on the Qatar Stock Exchange; some institutional access is available via GDR programmes in other markets. | |
| Qatar National Bank | QNBK | QNB does not have a formal US-listed ADR programme. International investors access QNB shares directly via the QSE or through ETFs such as iShares QAT, where QNB is the largest single holding at approximately 22-23% weight. |