Next we present you 15 key facts about the Qatar economy and his relationship with Mexico beyond sports.
1. The state of Qatar is located in the Arabian Gulf and has a population of 1.8 million people.
2. The capital is Doha and 80% of the population of Qatar lives there.
3. Islam is the official religion and Islamic Law is an important source of legislation in the country.
4. 100% of its population has access to electricity and 97% had a health service.
5. Qatar has a free market economy and has been a member of the World Trade Organization since 1996.
6. The official currency is the Qatar Riyal, which is equivalent to 100 Dirhmans. The riyal-US dollar exchange rate is fixed and equals 3.65 riyals per greenback.
7. At the end of 2021, Qatar’s Gross Domestic Product was equivalent to 179.570 million dollars (mdd), a figure 1.5% higher than in 2020. Qatar’s economy is much smaller than Mexico’s, whose value amounts to almost 1.3 trillion of dollars.
8. The per capita GDP of the Arab country is 61,276 dollars, a much higher figure than the 9,926 dollars that Mexico has.
9. The backbone of the Qatari economy is oil and gas. Qatar Petroleum, founded in 1974, is the government-run company responsible for the entire oil and gas industry in that country.
10. At the end of last year, the unemployment rate in Qatar was 0.3%. Its current inflation rate is 6%.
11. Qatar is Mexico’s 61st trading partner.
12. The products Qatar buys the most from Mexico are vehicles and refrigerators, and what it sells the most to the country are natural gas, aluminum alloys, and urea.
13. Globally, 84% of Qatar’s sales to the world are fuels and extractive products, with China, Japan and India being its main markets.
14. And what matters most are manufactures, with 75% of foreign purchases, with the European Union, China and the US being their main sellers.
15. The World Cup in Qatar is the first large-scale soccer tournament to be held in an Arab country and where fans will be able to attend two games in a single day, since the distance between the stadiums is close to 60 minutes.
With information from the World Bank, the Government of Qatar, the World Trade Organization, the Ministry of Economy and TrandingEconomics.
