Non-hydrocarbon sectors of Qatar account for 65.5% of GDP: OBG report
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GCC CONTEXT
Qatar's diversification away from oil and gas has accelerated over the past decade, with non-hydrocarbon activities now representing a significantly larger share of economic output than in the early 2000s when energy exports dominated national GDP. This structural shift reflects broader GCC policy initiatives to reduce fiscal dependency on volatile commodity revenues, a pattern observed across the region but pursued with particular intensity in Qatar following the 2017 blockade, which necessitated rapid economic self-sufficiency and private-sector expansion. The composition and growth rates of non-hydrocarbon sectors—including finance, hospitality, real estate, and manufacturing—serve as key indicators of economic resilience and labor market dynamics in the Gulf, with direct implications f
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