Balance of Payments


Preliminary estimates of Balance of Payments (BoP) for the State of Qatar indicated that a surplus of QR50.1 bn, over 8.2% of GDP in 2015 registered for Current Account. Even though, it declined by 72.2% as compared to a year before due to recent fall in oil prices. However, this impact was limited due to country’s greater reliance on gas exports which has long-term nature of contracts. Furthermore, in line with previous years, a deficit of QR71.6 bn registered in the Capital & Financial account in 2015, indicating the net investor status of the country (Table 7-5). As a result, overall balance turned out to be in a deficit of QR20.0 bn in 2015 as against surplus of QR4.7 bn in 2014.

Qatar Balance of Payments
           
QR Million
Items 2011 2012 2013 2014 2015
Current Account Balance 189,730 225,681 220,078 179,852 50,053
Capital and Financial Account Balance -239,319 -161,612 -189,817 -179,004 -71,610
Overall Balance -52,211 58,529 32,994 4,708 -20,031

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QR Million          
           
Particular 2011 2012 2013 2014* 2015**
A. Current Account 189,730 225,681 220,078 179,852 50,053
Goods 318,567 371,887 370,775 347,828 177,625
Exports  ( F. O. B. ) 416,577 483,952 485,343 461,197 281,351
Imports ( F. O. B. ) -98,010 -112,065 -114,568 -113,369 -103,726
Services -34,482 -50,902 -59,347 -70,371 -57,433
Services (Credit) 26,913 36,117 40,675 49,236 54,589
Travel 4,257 10,400 12,581 16,713 18,329
Transportation 14,300 17,004 20,402 23,400 26,984
Others 8,356 8,713 7,693 9,123 9,276
Services (Debit) -61,395 -87,019 -100,022 -119,607 -112,022
Travel -6,579 -20,560 -24,082 -31,602 -29,741
Transportation -35,837 -35,991 -37,294 -44,105 -41,713
Others -18,979 -30,468 -38,646 -43,900 -40,568
Income -48,306 -44,134 -37,724 -33,854 -12,978
Income (Credit) 22,445 23,726 23,264 26,923 28,368
Compensation of employees 0 0 0 0 0
Investment Income 22,445 23,726 23,264 26,923 28,368
Income (Debit) -70,752 -67,860 -60,988 -60,777 -41,346
Compensation of employees -475 -473 -513 -511 -555
Investment Income -70,277 -67,387 -60,475 -60,266 -40,791
Current Transfers -46,048 -51,170 -53,626 -63,751 -57,161
Credit 6,498 7,172 4,064 2,566 2,278
Debit -52,546 -58,342 -57,690 -66,317 -59,439
of which Workers' Remittances -37,543 -37,430 -40,550 -40,367 -43,824
B. Capital and Financial Account -239,319 -161,612 -189,817 -179,004 -71,610
Capital Account -13,121 -22,240 -17,403 -20,128 -2,683
Financial Account -226,198 -139,372 -172,414 -158,876 -68,927
Direct Investment -33,379 -5,257 -32,257 -20,777 -10,747
Abroad -36,795 -6,698 -29,198 -24,564 -14,645
In Qatar 3,416 1,441 -3,059 3,787 3,898
Portfolio Investment -69,263 10,190 -66,649 -72,556 -60,236
Assets -62,892 -27,698 -59,828 -60,769 -42,242
Liabilities -6,371 37,888 -6,821 -11,787 -17,994
Financial Derivatives, net 5,767 -5,615 2,702 1,158 -326
Other Investment -129,323 -138,689 -76,210 -66,701 2,382
Assets -150,471 -134,414 -40,057 -81,859 -69,125
Liabilities 21,148 -4,275 -36,153 15,158 71,507
C. Net Errors & Omissions -2,622 -5,540 2,733 3,860 1,526
D. Overall Balance -52,211 58,529 32,994 4,708 -20,031
E. Change in Reserves (Increase -) 52,211 -58,529 -32,994 -4,708 20,031
* Revised Estimates          
** Preliminary figures          

Source: Qatar Central Bank Annual Report 2015