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Economy of Qatar vs Slovenia compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $73B for Slovenia, ranking 56/197 and 86/197 by economy size, respectively.

Qatar has $90.2B in government debt (41.2% of GDP), compared to $48.6B (66.6% of GDP) in Slovenia.

Qatar vs Slovenia GDP by year

Qatar
Slovenia
1x
Year GDP, current $
Qatar Slovenia
2024 $219,162,637,363 $72,972,015,197
2023 $217,308,516,484 $69,255,264,238
2022 $235,709,340,659 $59,899,117,741
2021 $179,732,142,857 $61,540,813,362
2020 $144,411,538,462 $53,384,760,135
2019 $176,371,428,571 $53,909,922,736
2018 $183,335,164,835 $53,689,067,640
2017 $161,099,175,824 $48,153,200,135
2016 $151,732,142,857 $44,290,685,824
2015 $161,739,835,165 $42,709,468,275
2014 $206,224,725,275 $49,514,466,380
2013 $198,727,747,253 $47,867,056,859
2012 $186,833,516,484 $46,167,053,954
2011 $167,775,274,725 $51,199,194,599
2010 $123,627,197,802 $47,793,117,241
2009 $97,798,351,648 $49,975,540,955
2008 $115,270,054,945 $55,509,332,322
2007 $79,712,087,912 $47,880,266,543
2006 $60,882,142,857 $39,260,368,837
2005 $44,530,494,505 $35,947,936,824
2004 $31,734,065,934 $34,156,553,313
2003 $23,533,791,209 $29,360,575,032
2002 $19,363,736,264 $23,214,593,516
2001 $17,538,461,538 $20,668,868,707
2000 $17,759,890,110 $20,159,190,702
1999 $12,393,131,868 $22,609,669,084
1998 $10,255,495,027 $22,058,635,314
1997 $11,297,802,115 $20,726,878,752
1996 $9,059,340,385 $21,470,699,363
1995 $8,137,911,978 $21,367,422,159
1994 $7,374,450,769 $16,400,767,070
1993 $7,156,593,654 $14,449,298,372
1992 $7,646,153,984 $14,277,261,541
1991 $6,883,516,484 $14,454,495,059
1990 $7,360,439,423 $19,832,029,087
1989 $6,487,912,088 -
1988 $6,038,187,033 -
1987 $5,446,428,681 -
1986 $5,053,021,951 -
1985 $6,153,296,456 -
1984 $6,704,395,824 -
1983 $6,467,582,308 -
1982 $7,596,703,214 -
1981 $8,661,263,764 -
1980 $7,829,165,262 -
1979 $5,632,962,997 -
1978 $4,052,000,413 -
1977 $3,617,564,638 -
1976 $3,284,273,987 -
1975 $2,512,773,166 -
1974 $2,401,403,227 -
1973 $793,885,560 -
1972 $510,262,500 -
1971 $387,703,106 -
1970 $301,791,302 -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/qatar/slovenia | CC BY

GDP per capita in Qatar vs Slovenia by year

Qatar
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $76,689 $126,046 $34,301 $57,186
2023 $81,817 $129,368 $32,660 $56,064
2022 $88,701 $122,921 $28,360 $52,347
2021 $71,752 $116,833 $29,193 $45,914
2020 $51,684 $82,149 $25,392 $41,767
2019 $66,841 $107,503 $25,814 $42,373
2018 $71,040 $110,033 $25,888 $38,620
2017 $63,280 $99,358 $23,303 $36,180
2016 $61,254 $89,935 $21,448 $33,575
2015 $68,985 $102,546 $20,697 $31,336
2014 $95,841 $148,389 $24,013 $30,572
2013 $103,697 $169,203 $23,237 $29,634
2012 $108,470 $180,939 $22,442 $28,787
2011 $103,262 $174,620 $24,941 $28,716
2010 $76,463 $151,646 $23,330 $27,579
2009 $60,786 $125,898 $24,502 $27,229
2008 $80,781 $126,015 $27,462 $29,461
2007 $65,954 $124,056 $23,725 $27,468
2006 $62,582 $127,181 $19,563 $25,571
2005 $53,950 $115,250 $17,970 $23,682
2004 $41,036 $110,958 $17,104 $22,588
2003 $31,602 $94,120 $14,712 $20,916
2002 $27,227 $93,177 $11,639 $20,004
2001 $25,871 $89,805 $10,376 $18,763
2000 $27,535 $88,849 $10,136 $17,892
1999 $20,234 $84,690 $11,401 $17,007
1998 $17,665 $84,486 $11,132 $15,994
1997 $20,523 $79,219 $10,437 $15,257
1996 $17,125 $62,331 $10,797 $14,284
1995 $15,823 $60,321 $10,738 $13,637
1994 $14,765 $59,415 $8,244 $13,975
1993 $14,770 $59,125 $7,255 $12,976
1992 $16,280 $60,387 $7,151 $12,296
1991 $15,133 $54,759 $7,229 $12,698
1990 $16,722 $55,659 $9,925 $13,491
1989 $15,243 - - -
1988 $14,682 - - -
1987 $13,719 - - -
1986 $13,213 - - -
1985 $16,815 - - -
1984 $19,272 - - -
1983 $19,616 - - -
1982 $24,385 - - -
1981 $29,505 - - -
1980 $28,375 - - -
1979 $21,777 - - -
1978 $16,757 - - -
1977 $16,058 - - -
1976 $15,710 - - -
1975 $13,014 - - -
1974 $13,540 - - -
1973 $4,905 - - -
1972 $3,483 - - -
1971 $2,952 - - -
1970 $2,594 - - -

Data sources: World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06).

GeoRank.org/economy/qatar/slovenia | CC BY

Qatar's GDP per capita is $76,689, ranking 11/197, compared to $34,301 in Slovenia, ranking 34/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Slovenia ranks 37th at $57,186.

Economic indicators

Qatar Slovenia
Gross domestic product
$219B
2024
$73B
2024
GDP rank
56/197
2024
86/197
2024
GDP growth
2.36%
2023-2024
1.73%
2023-2024
GDP per capita
$76,689
2024
$34,301
2024
GDP per capita rank
11/197
2024
34/197
2024
GDP per capita, PPP
$126,046
2024
$57,186
2024
GDP per capita PPP rank
5/197
2024
37/197
2024
Government debt
$90.2B
2024
$48.6B
2024
Debt-to-GDP ratio
41.2%
2024
66.6%
2024
Government debt per person
$31,579
2024
$22,842
2024
Government debt per person rank
23/185
2024
29/185
2024
Average annual personal income after taxes
$35,660
2026
$22,215
2026
Market capitalization of domestic companies
$170M
2024
$11.4B
2024
Number of millionaires
26,163
2025
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
25.8%
2017
20.6%
2023
Income share by poorest 10%
2.6%
2017
4.1%
2023
Government expenditure, % of GDP
26%
2024
46.5%
2024
Consumer prices inflation
1.27%
2023-2024
1.97%
2023-2024
Central bank interest rate
4.1%
2025
n/a
Unemployment rate
0.13%
2022
3.7%
2024
Population
2999260
2124138

Spending and national debt comparison by year

Qatar
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Qatar Slovenia
Government spending Government debt Government spending Government debt
2024 26% 41.2% 46.5% 66.6%
2023 27.3% 43.7% 46.4% 68.3%
2022 24.3% 42.6% 47.7% 72.8%
2021 29.4% 58.4% 49.9% 74.8%
2020 34.7% 72.6% 51.8% 80.2%
2019 32.5% 62.1% 43.8% 66%
2018 28.9% 52.2% 44.1% 71%
2017 34.7% 51.6% 44.6% 74.9%
2016 40.1% 46.7% 46.9% 79.4%
2015 38.6% 35.5% 49.5% 83.4%
2014 32.3% 24.9% 50.6% 81.1%
2013 28.3% 30.9% 57.7% 70.8%
2012 31% 32.1% 50% 54.1%
2011 28.5% 33.5% 51.4% 46.8%
2010 32% 30.4% 50.7% 38.6%
2009 36.4% 36% 50% 34.9%
2008 23.5% 11.4% 45.2% 21.9%
2007 29.5% 9.37% 43.5% 22.9%
2006 29.5% 13.9% 45.7% 26.2%
2005 29% 19.1% 46.7% 26.6%
2004 29.9% 30.1% 46.9% 27.1%
2003 28.5% 38.8% 47.6% 27%
2002 31.6% 47.7% 47.8% 27.7%
2001 32.1% 59.2% 49.2% 26.3%
2000 29.8% 51.6% 47.8% 26.1%
1999 42.4% 81.8% 47.2% 23.8%
1998 55.1% 76.6% 46.4% 22.8%
1997 47.6% 54.4% 45.4% 22.1%
1996 55.2% 57.8% 45.2% 21.6%
1995 52.2% 50.2% 53% 18.2%
1994 59.8% 54.8% - -
1993 62.8% 46.3% - -
1992 54.2% 19.9% - -
1991 57.5% 21.8% - -
1990 50% 12.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/qatar/slovenia | CC BY

In 2024, Qatar's government spending was $56.9B, accounting for 26% of its GDP, while Slovenia spent $33.9B, or 46.5% of GDP.

Debt-to-GDP ratio is 41.2% in Qatar and 66.6% in Slovenia, ranking 130/185 and 66/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Slovenia
1x
Year Deficit/surplus, % of GDP
Qatar Slovenia
2024 0.69% -0.93%
2023 5.56% -2.59%
2022 10.4% -3.02%
2021 0.24% -4.61%
2020 -2.13% -7.68%
2019 1% 0.68%
2018 2.26% 0.9%
2017 -6.82% 0.05%
2016 -9.2% -2%
2015 18.4% -2.84%
2014 13.4% -4.53%
2013 19.3% -11.2%
2012 8.55% -4.2%
2011 5.24% -6.69%
2010 4.6% -5.56%
2009 14.1% -5.87%
2008 9.49% -1.44%
2007 10.3% -0.08%
2006 8.39% -1.26%
2005 9.8% -1.38%
2004 17.7% -1.98%
2003 6.71% -2.66%
2002 7.89% -2.47%
2001 4.48% -4.58%
2000 4.62% -3.77%
1999 -4.35% -3.04%
1998 -7% -2.39%
1997 -9.4% -2.37%
1996 -8.73% -1.16%
1995 -5.78% -8.19%
1994 -11.8% -
1993 -9.53% -
1992 -2.74% -
1991 -2.57% -
1990 3.23% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/qatar/slovenia | CC BY

In 2024, Qatar's government surplus, the difference between spending and revenue, was $1.52B, equivalent to 0.69% of GDP. This compares to Slovenia's deficit of $681M, or 0.93% of GDP.

Over the past 30 years, Qatar recorded a fiscal deficit in 8 of those years, while Slovenia ran a deficit in 27 years. On average, Qatar posted an annual surplus equal to 4.32% of GDP, compared to deficit of 3.23% of GDP for Slovenia.

Inflation comparison by year

Inflation
Qatar

Slovenia
1x
Year Consumer prices inflation
Qatar Slovenia
2024 1.27% 1.97%
2023 3.03% 7.45%
2022 5% 8.83%
2021 2.3% 1.92%
2020 -2.54% -0.05%
2019 -0.67% 1.63%
2018 0.26% 1.74%
2017 0.39% 1.43%
2016 2.68% -0.05%
2015 1.81% -0.53%
2014 3.35% 0.2%
2013 3.22% 1.77%
2012 2.32% 2.6%
2011 1.14% 1.8%
2010 -2.43% 1.8%
2009 -4.86% 0.84%
2008 15.1% 5.65%
2007 13.8% 3.66%
2006 11.8% 2.46%
2005 8.81% 2.45%
2004 6.8% 3.59%
2003 2.26% 5.54%
2002 0.24% 7.48%
2001 1.47% 8.38%
2000 1.65% 8.91%
1999 2.18% 6.16%
1998 2.95% 7.89%
1997 4.83% 8.36%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/qatar/slovenia | CC BY

Over the past 28 years, Qatar has recorded an average annual inflation rate of 3.15%, compared with 3.71% in Slovenia. In 2024, inflation was 1.27% in Qatar and 1.97% in Slovenia.

Top exports between countries

Qatar
Export category Export value
Raw materials & minerals $15.4M
Chemicals & pharma $2.79M
Textiles & consumer goods $253K
Machinery & equipment $51K
Slovenia
Export category Export value
Wood & paper products $14M
Chemicals & pharma $7.4M
Machinery & equipment $5.56M
Textiles & consumer goods $1.72M
Metals $327K
Raw materials & minerals $284K
Processed food, beverages & tobacco $170K
Raw agricultural goods $18K
Precious metals & jewellery $3K
Animal & marine products $1K

Balance of trade

Qatar Slovenia
Current account balance
$37.9B
2024
$3.32B
2024
Current account balance ranking
16/190
2024
37/190
2024
Current account balance, % of GDP
+17.3%
2024
+4.55%
2024
Goods imports
$32.6B
2024
$45.2B
2024
Goods exports
$95B
2024
$45.6B
2024
Service imports
$37.1B
2024
$9.52B
2024
Service exports
$30.2B
2024
$13.6B
2024
Imports of goods and services, % of GDP
31.6%
2022
74.7%
2024
Exports of goods and services, % of GDP
68.6%
2022
80.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Qatar Slovenia
Economic freedom 70.2 69.7
Economic freedom ranking 37/197 40/197
Property rights 66.2 87.6
Government integrity 53.5 66.1
Judicial effectiveness 41.5 91.6
Tax burden 99.9 55.5
Government spending 79.9 34.1
Fiscal health 96.6 83.5
Business freedom 68 78.7
Labor freedom 58.5 62.7
Monetary freedom 76 77.5
Trade freedom 81.8 79.4
Investment freedom 60 70
Financial freedom 60 50

Economic freedom comparison by year

Qatar
Slovenia
1x
Year Economic freedom index
Qatar Slovenia
2026 70.2 69.7
2025 70.2 68.3
2024 68.8 65.9
2023 68.6 68.5
2022 67.7 70.5
2021 72 68.3
2020 72.3 67.8
2019 72.6 65.5
2018 72.6 64.8
2017 73.1 59.2
2016 70.7 60.6
2015 70.8 60.3
2014 71.2 62.7
2013 71.3 61.7
2012 71.3 62.9
2011 70.5 64.6
2010 69 64.7
2009 65.8 62.9
2008 62.2 60.2
2007 62.9 59.6
2006 62.4 61.9
2005 63.5 59.6
2004 66.5 59.2
2003 65.9 57.7
2002 61.9 57.8
2001 60 61.8
2000 62 58.3
1999 62 61.3
1998 - 60.7
1997 - 55.6
1996 - 50.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/qatar/slovenia | CC BY

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Qatar Slovenia
Services, % of GDP
46.1%
2024
57.9%
2024
Industry, % of GDP
58.2%
2024
29.1%
2024
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
1.54%
2024
GNI, Atlas method
$221B
2024
$67.6B
2024
GNI per capita, PPP
$121,900
2024
$56,520
2024
Total reserves including gold
$54B
2024
$2.83B
2024
Total reserves ranking
40/177
2024
118/177
2024
Net foreign direct investment
$1.1B
2024
-$405M
2024
Net inflows of foreign direct investment
$460M
2024
$1.87B
2024
Net outflows of foreign direct investment
$1.56B
2024
$1.46B
2024
Poverty at national poverty lines n/a
12.7%
2022
Gross capital formation, % of GDP
30.6%
2022
21.5%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/qatar/slovenia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.