Economic prospects for Qatar remain positive, with growth expected to reach 2.8% in 2018, while LNG production will rise to 100mn tonnes per year by 2023. The World Bank expects the Qatari economy to grow this year and expects an average growth of 3% in the next two years.
The World Bank, in a recent report said that the increase in Qatar's energy export revenues will contribute to easing financial constraints, as well as spending on the multi-year programme for infrastructure development in preparation for the 2022 FIFA World Cup and the launch of the $10bn Barzan Natural Gas Project in 2020.
Qatar's gross domestic product (GDP) rose last year to $220bn, from $218bn in 2016, making a real GDP growth rate of 2%, which was better than expected.
The World Bank said Qatar is expected to achieve more fiscal deficit containment over the medium term, as a result of concrete actions the State has taken with regard to tax policy and administration.