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Finance of Qatar

The minimum monthly wage in Qatar is not regulated by the government. Qatar has a government debt of 70% of the country's Gross Domestic Product (GDP), as assessed in 2013. With regard to consumer prices, the inflation rate in Qatar is 3.1%. The currency of Qatar is Qatari riyal. The plural form of the word Qatari riyal is riyals. The symbol used for this currency is ر.ق, and it is abbreviated as QAR. The Qatari riyal is divided into dirham; there are 100 in one riyal. Each year, consumers spend around $17,717 million. The ratio of consumer spending to GDP in Qatar is 0.01%, and the ratio of consumer spending to the world consumer market is 5.1%. The corporate tax in Qatar is set at 10%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Qatar is 0%.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Qatar is $306,616 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Qatar was last recorded at $113,778,546. PPP in Qatar is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Qatar is 202,450 billion. Based on this statistic, Qatar is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Qatar was last recorded at $75,124,803. The average citizen in Qatar has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Qatar averaged 6.5% in 2014. According to this percentage, Qatar is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.