Overall Non-Oil Fiscal Balance for General Government for Qatar
QATGGBXOGDPXOGDPXOPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-33.73
Year-over-Year Change
-40.57%
Date Range
1/1/2000 - 1/1/2023
Summary
The Overall Non-Oil Fiscal Balance for General Government for Qatar measures the difference between government revenue and expenditure, excluding oil and gas-related income.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric provides insight into the health and sustainability of Qatar's public finances, as it isolates the performance of the non-oil and gas sectors of the economy. It is a key indicator used by economists and policymakers to assess the government's fiscal position and plan appropriate fiscal policies.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on official government sources.
Historical Context
The non-oil fiscal balance is closely monitored by investors and international institutions to gauge Qatar's economic diversification efforts and long-term fiscal stability.
Key Facts
- Qatar has run a non-oil fiscal deficit since 2014.
- The non-oil deficit peaked at over 15% of GDP in 2016.
- The government aims to achieve a balanced non-oil budget by 2024.
FAQs
Q: What does this economic trend measure?
A: The Overall Non-Oil Fiscal Balance for General Government for Qatar measures the difference between the government's revenue and expenditure, excluding income from the oil and gas sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the underlying fiscal health and sustainability of Qatar's economy, apart from the volatile oil and gas revenues. It is a key indicator used by economists and policymakers to assess the government's fiscal position and guide appropriate policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on official government sources.
Q: How is this trend used in economic policy?
A: The non-oil fiscal balance is closely monitored by investors and international institutions to gauge Qatar's economic diversification efforts and long-term fiscal stability. It informs policy decisions aimed at reducing the country's reliance on hydrocarbon revenues.
Q: Are there update delays or limitations?
A: The data is published annually by the IMF, with some potential for delays in reporting by the Qatari government.
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Citation
U.S. Federal Reserve, Overall Non-Oil Fiscal Balance for General Government for Qatar (QATGGBXOGDPXOGDPXOPT), retrieved from FRED.