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Qatar Debt to GDP Ratio

Qatar's government debt to GDP fell to 40.8% in 2024, down from 43.7% in 2023. This decrease reflects active debt repayment including an estimated 2% of GDP in 2024 and nominal GDP growth driven by LNG expansion and tourism. The government also generated budget surpluses, further reducing public debt. Qatar's record low government debt to GDP was 35.5% in 2015 and its record high was 72.6% in 2020.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 40.8%
2023 43.7%
2022 42.6%
2021 58.4%
2020 72.6%
2019 62.1%
2018 52.2%
2017 51.6%
2016 46.7%
2015 35.5%
Qatar Debt to GDP Ratio : Definition
Qatar's government debt to GDP measures the total debt owed by the government relative to the nation's annual economic output. It is calculated by dividing the total government debt, denominated in Qatari Riyals, by the nominal Gross Domestic Product, also in Qatari Riyals.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 17.4% 16.8% Dec'24
Interest Rate 4.85% 5.1% Sep'25
Private Credit (% GDP) 120.03% 118.08% 2024