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Qatar's gross domestic product, or Qatar GDP, is considered as one of the ways to measure the size of its economy. The GDP of Qatar determines the market value of all finished products and services. These are produced inside a country given a specific period of time. Qatar economy is rapidly growing based on Qatar GDP. In the Middle East, the Gross Domestic Product of Qatar is considered to have the highest GDP per capita. Qatar is also known as one of the two least-taxed sovereign states in the world.
Qatar per capita purchasing power parity and Qatar GDP purchasing power parity is famous in the world. It has risen to 28.45 billion USD and 36,476 USD in consecutive year. Qatar GDP growth rate is as high as 8.7% during 2004. Oil and Gas acquired more than 55% of Qatar GDP. It is a record as nearly a 70% of government revenues and 85% of export earnings give Qatar GDP per capita a boom. This provides per capita GDP at 80% that of the topmost European countries.
The main business strength mainly relies on petroleum refinery, petrochemicals, steel, production of natural gas and crude oil, cement manufacturing and fertilizers. These add to generate a very peak earning percentage on Qatar GDP.
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