The monthly minimum wage in Qatar is not regulated by the government. Qatar has a public debt equivalent to 70% of the country's gross domestic product (GDP) as measured in 2013. In relation to consumer prices, the inflation rate in Qatar is 3.1%. The currency of Qatar is the Qatari riyal. The plural form of the word Qatari riyal is riyals. The symbol used for this currency is ر.ق and is abbreviated as QAR. The Qatari riyal is subdivided into dirhams; One rial contains 100. Every year, consumers spend around US$17,717 million. The ratio of consumer spending to GDP in Qatar is 0.01% and the ratio of consumer spending to world consumer market is 5.1%. Corporate tax in Qatar is 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) calculated as Purchasing Power Parity (PPP) in Qatar is US$306,616 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Qatar was last at 113,778,546 US dollars. The PPP in Qatar is considered very good compared to other countries. A very good PPP indicates that citizens of this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Qatar is 202,450 billion. Based on this statistic, Qatar is classified as a medium-sized economy country. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in Qatar was last seen at $75,124,803. The average citizen in Qatar has a very high level of wealth. Countries with very high per capita wealth have longer life expectancies and very high standards of living. There are highly skilled workers in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Qatar averaged 6.5% in 2014. According to this percentage, Qatar is currently experiencing significant growth. Countries that experience significant growth offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.