Doha, Qatar: Qatar Central Bank (QCB) has released its 2025 Annual Macroeconomic Review, highlighting the strong performance of the national economy, the continued momentum of economic diversification and the robustness of key macroeconomic indicators.
QCB indicated that the annual review reaffirms the resilience of Qatar's economy and its ability to withstand challenges and sustain economic stability.
QCB further highlighted Qatar’s real GDP growth of 2.9% in 2025, reflecting continued economic resilience despite a challenging global environment. The GDP of the non-hydrocarbon sector also expanded by 4.8%, confirming that diversification remains the main engine of growth in line with the Qatar National Vision 2030.
Results from the review also indicated that inflation in Qatar remained contained, averaging 0.5% in 2025. QCB stated that price pressures were largely limited to selected categories, including jewellery and related items.
Real estate prices in Qatar also remained stable during 2025, indicating orderly market conditions and no signs of overheating.
The review also highlighted continued growth in the tourism sector, with visitor arrivals reaching 5.1 million in 2025, up from 4.9 million in 2024 and 4.0 million in 2023. This, QCB said, confirms Qatar’s position as a leading regional tourist destination.
Meanwhile, the private sector remained firmly in expansion territory, with the Purchasing Managers’ Index (PMI) averaging 51.2 in 2025, comfortably above the 50-point growth threshold.
Qatar also maintained a strong external position in 2025, recording a current account surplus of QR116.2 billion, equivalent to 14.8% of GDP.
The country’s financial markets demonstrated continued resilience in 2025, with the Qatar Stock Exchange Index recording an annual gain of 1.8%.
QCB stated that Qatar has continued to deepen its capital markets through new sustainable and Shariah-compliant instruments, including the first ESG-aligned bond and corporate Islamic sukuk listed on the Qatar Stock Exchange.
It also added that Qatar maintained strong sovereign credit ratings in 2025, with AA ratings from S&P and Fitch, and Aa2 from Moody’s, all with stable outlooks from the three agencies.
