Qatar growth outlook continues to strengthen in the second half of 2025, according to Standard Chartered’s latest report, Global Focus – Economic Outlook H2-2025. The bank maintained Qatar’s 2025 GDP growth forecast at 4.0%. Additionally, it upgraded its 2026 forecast to 5.5%, reflecting rising confidence in gas expansion and LNG exports.
This revised 2026 forecast exceeds the market average of 5.2% and comes just below the IMF’s 5.6% projection. Standard Chartered emphasized that robust public investment and economic diversification are fueling Qatar’s steady momentum.
While global growth expectations fell slightly to 3.1% due to trade policy uncertainty and geopolitical tension, Qatar growth outlook remains resilient. The report noted that Qatar and other Middle Eastern economies stand out for their stability and forward-thinking strategies.
Standard Chartered also expects Qatar’s real GDP per capita to reach USD 110,000 by 2026. This level could support its future classification as a developed market. This projection reflects increasing contributions from non-hydrocarbon sectors.
In fact, the non-energy sector, which accounts for over 60% of GDP, is now a key growth driver. Sectors such as tourism, financial services, and trade showed strong performance. In particular, Q4 2024 non-hydrocarbon growth reached 6.1% year-on-year—the fastest pace in the GCC.
The report also highlighted the role of Qatar’s new public-private partnership (PPP) law, which encourages more private-sector involvement. These efforts aim to enhance infrastructure, foster innovation, and support long-term development.
Against a global backdrop of uncertainty—marked by slowing US growth, weakening Chinese exports, and European recession fears—Qatar continues to stand out. Its low fiscal breakeven oil price and ongoing reforms under Qatar National Vision 2030 offer a solid foundation for sustained progress.
Muhannad Mukahall, CEO and Head of Coverage at Standard Chartered Qatar, praised the country’s long-term planning. “Qatar’s commitment to diversification and targeted investment creates a solid path for sustainable growth,” he stated. “We are proud to support the country’s transformation.”
In conclusion, the Qatar growth outlook remains positive as the country builds on its strong fundamentals, gas expansion plans, and reform agenda. Standard Chartered expects this momentum to continue into 2026 and beyond. Furthermore, it sets Qatar apart as a resilient and forward-looking economy.
