The average inflation rate in Qatar was forecast to continuously decrease between 2023 and 2028 by in total 0.8 percentage points. According to this forecast in 2028, the average inflation rate will have decreased for the sixth consecutive year to two percent.
This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.
Find more key insights for the average inflation rate in countries like United Arab Emirates, Saudi Arabia and Lebanon.
FAQs
Consumer price inflation in Qatar averaged 1.6% in the ten years to 2022, below the Middle East & North Africa regional average of 5.4%. The 2022 average figure was 5.0%.
What is the inflation rate in Qatar last 10 years? ›
Consumer price inflation in Qatar averaged 1.6% in the ten years to 2022, below the Middle East & North Africa regional average of 5.4%. The 2022 average figure was 5.0%.
What will be the inflation rate by 2028? ›
The inflation rate in the United States is expected to decrease to 2.1 percent by 2028. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year.
What is the inflation rate in Qatar in 2024? ›
The annual inflation rate in Qatar eased to 0.98% in March 2024, the lowest since March 2021, from 2.7% in the previous month. Prices slowed down for food & beverages (2.7% vs 6.6% in February 2024) and recreation & culture (8.5% vs 16.6%).
What is the CPI of Qatar? ›
Consumer Price Index CPI in Qatar averaged 95.92 points from 2009 until 2024, reaching an all time high of 109.98 points in December of 2023 and a record low of 84.77 points in September of 2009. source: Qatar Statistics Authority.
What is Qatar's historical inflation? ›
The inflation rate for consumer prices in Qatar moved over the past 42 years between -4.9% and 15.1%. For 2022, an inflation rate of 5.0% was calculated. During the observation period from 1980 to 2022, the average inflation rate was 3.4% per year. Overall, the price increase was 287.73%.
What is inflation over 20 years? ›
20-Year Breakeven Inflation Rate is at 2.45%, compared to 2.45% last month and 2.51% last year. This is higher than the long term average of 2.23%.
How much will $1 dollar be worth in 30 years? ›
Real growth rates
| One time saving $1 (taxable account) | Every year saving $1 (taxable account) |
|---|
| After # years | Nominal value | Nominal value |
|---|
| 30 | 7.07 | 93.87 |
| 35 | 10.04 | 137.72 |
| 40 | 14.31 | 200.13 |
7 more rowsThe rate of inflation can vary from year to year, and it's difficult to predict exactly how much a million dollars will be worth in 30 years. However, using the average inflation rate over the past 30 years, which is around 2% per year, a million dollars today would be worth approximately $564,000 in 30 years.
What is the CPI forecast for 2028? ›
In this forecast, it averages 7.5 per cent over 2023 and then falls more slowly, averaging 2.1 per cent between 2024 and 2028. The CPI is therefore 7.0 per cent higher by the start of 2028 than in March (top-right panel of Chart B).
Qatar: Gross domestic product (GDP) in current prices from 1988 to 2028 (in billion U.S. dollars)
| Characteristic | Gross domestic product in billion U.S. dollars |
|---|
| 2025* | 258.77 |
| 2024* | 246.36 |
| 2023* | 235.5 |
| 2022 | 236.42 |
9 more rowsOct 13, 2023
In a press conference on Thursday, His Excellency said that the inflation witnessed in Qatar in 2023 was temporary and associated with a specific period and reasons, such as a surge in food prices. He added that inflation rates are returning to their average levels, which rank as the best in the region and globally.
What is the economic outlook for Qatar in 2024? ›
The IMF forecasts that the fiscal surplus will reach 16% of GDP this year and then average 11% of GDP in 2024-2711. After a period of rapid non-oil expansion, Qatar is expected to see a slowdown in 2023.
How is Qatar GDP so high? ›
Qatar GDP Reflects Great Wealth
One of the world's wealthiest nations thanks to its vast deposits of natural gas and oil, Qatar boasts one of the highest per capita incomes globally.
What rank is Qatar in GDP? ›
Worldwide gross domestic product in 2022 was at about 12,703 USD per capita. GDP in Qatar, on the other hand, reached USD 87,661 per capita, or 236.26 billion USD for the whole country. Qatar is therefore currently ranked 53 of the major economies.
What is Pakistan's inflation rate? ›
Pakistan: Inflation rate from 1987 to 2028 (compared to the previous year)
| Characteristic | Inflation rate compared to previous year |
|---|
| 2020 | 10.74% |
| 2019 | 6.74% |
| 2018 | 3.93% |
| 2017 | 4.15% |
9 more rowsNov 17, 2023
The average inflation rate for the past 10 years is 2.65%. The Federal Reserve sets target inflation at 2% for medium term economic stability.
What has inflation averaged over the last 10 years? ›
Over the past 10 years, inflation has averaged 1.88%. 2022 showed an annual inflation rate of 8%. The U.S. experienced deflation in the 1930s and high rates of inflation in the 1970s and early 1980s.
What has been the inflation rate for the last 5 years? ›
U.S. inflation rate for 2022 was 8.00%, a 3.3% increase from 2021. U.S. inflation rate for 2021 was 4.70%, a 3.46% increase from 2020. U.S. inflation rate for 2020 was 1.23%, a 0.58% decline from 2019. U.S. inflation rate for 2019 was 1.81%, a 0.63% decline from 2018.
Which country has the highest inflation rate in the world? ›
Venezuela is the country with the highest inflation in the world, with an increase in consumer prices estimated at 360 percent in 2023, according to the latest figures from the International Monetary Fund (IMF), published in October.
