A recent country report by the International Monetary Fund (IMF) forecasts the surge in hydrocarbons earnings is expected to keep Qatar's current account comfortably in surplus over 20 per cent of gross domestic product (GDP), leading to a further accumulation of net foreign assets.
According to the report, the Qatari GDP is set to record an average 11% real growth rate and an average 30% nominal growth rate in 2005. a recent country report by the International Monetary Fund (IMF) forecasts the rate of inflation in the State of Qatar to reach 7.5% next year. The inflation is expected to ease slightly to around 7.5% in 2007.
