The Qatar Central Bank revealed strong indicators of the Qatari economy during the last period, which confirm the continuation of economic development in all sectors, and an increase in production and exports abroad during 2022 and the first quarter of this year.
This supported Qatar’s global rating, as Fitch Ratings raised the outlook for the State of Qatar to positive ‘AA-‘.
The Qatar Central Bank confirmed that the country’s gross domestic product, at current prices, recorded a remarkable growth during the year 2022 AD, amounting to 32%, compared to the year 2021 AD.
Qatar Central added, in a tweet on its official account on the social networking site Twitter, that the value of the gross domestic product rose to 863 billion riyals.
The Qatari balance of payments achieved a record surplus during 2022 compared to 2021.
The trade balance surplus amounted to 355 billion riyals, with a growth rate of 61.5%.
International reserves and liquidity in foreign currencies at the Qatar Central Bank grew to reach 235 billion Qatari riyals. The total official reserves of the Qatar Central Bank also witnessed a similar growth, reaching QR 177 billion.
