Qatar’s exports grew 27.3% year-on-year in April and imports grew 3.1% y-o-y.
Qatar’s goods trade surplus is benefiting from “recovering” imports and “buoyant” exports, driven by higher hydrocarbon prices, QNB has said in its weekly economic commentary.
Banking assets in the country have grown 8.8% year-on-year (y-o-y) to $383.2bn in March, QNB has said in its Qatar Monthly Monitor.
QNB Chief Executive Ali Ahmed al-Kuwari said in an interview there had been unusual moves in Qatari credit default swaps late last year.
The report showed Qatar’s current account surplus widened to 5.3% of GDP in the third quarter (Q3) from 2.5% in the second quarter (Q2) while the deficit in the financial account narrowed.
Qatar’s growth is set to rise on higher oil prices, eased fiscal constraints and investments in LNG production, QNB has said in its latest ‘Qatar Economic Insight’.
Oil prices may average $60-65/b on balanced market this year, QNB has said in an economic commentary.
The QCB's forex reserves equate to more than six and a half months of import cover, QNB said in its latest ‘Qatar Monthly Monitor’.