Qatar

The West Asian nation of Qatar, located in the Arabian Peninsula’s northeastern coast, is the second richest country in Asia with a GDP per capita of $59,330.9 USD. The country shares its only land border with Saudi Arabia and has a coastline along the Persian Gulf.

Qatar’s economy is based on the export of petroleum and liquefied natural gas. It accounts for 70% of the country’s government revenue, over 85% of the export earnings, and over 60% of the GDP. Qatar has an immense reserve of oil that can sustain the economy at the current levels for 23 years. Long term goals of the country include the diversification of the economy to reduce the dependency on oil, a fast-depleting resource.