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Economy of Qatar vs Tanzania compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $78.8B for Tanzania, ranking 56/197 and 82/197 by economy size, respectively.

Qatar has $90.2B in government debt (41.2% of GDP), compared to $39.3B (49.9% of GDP) in Tanzania.

Qatar vs Tanzania GDP by year

Qatar
Tanzania
1x
Year GDP, current $
Qatar Tanzania
2024 $219,162,637,363 $78,844,405,385
2023 $217,308,516,484 $79,030,935,627
2022 $235,709,340,659 $75,749,121,843
2021 $179,732,142,857 $70,655,628,148
2020 $144,411,538,462 $66,068,737,786
2019 $176,371,428,571 $61,026,731,926
2018 $183,335,164,835 $57,003,712,892
2017 $161,099,175,824 $53,274,884,533
2016 $151,732,142,857 $49,774,409,374
2015 $161,739,835,165 $47,413,919,817
2014 $206,224,725,275 $49,986,726,461
2013 $198,727,747,253 $45,648,857,242
2012 $186,833,516,484 $39,650,394,363
2011 $167,775,274,725 $34,657,140,096
2010 $123,627,197,802 $32,012,892,919
2009 $97,798,351,648 $29,400,573,554
2008 $115,270,054,945 $27,947,821,398
2007 $79,712,087,912 $21,860,434,823
2006 $60,882,142,857 $18,619,859,795
2005 $44,530,494,505 $18,395,383,647
2004 $31,734,065,934 $16,673,062,473
2003 $23,533,791,209 $15,211,487,709
2002 $19,363,736,264 $14,129,651,896
2001 $17,538,461,538 $13,563,990,022
2000 $17,759,890,110 $13,371,767,082
1999 $12,393,131,868 $12,704,334,196
1998 $10,255,495,027 $12,172,790,056
1997 $11,297,802,115 $11,158,197,942
1996 $9,059,340,385 $9,433,528,150
1995 $8,137,911,978 $7,631,431,840
1994 $7,374,450,769 $6,550,480,484
1993 $7,156,593,654 $6,182,872,708
1992 $7,646,153,984 $6,681,997,469
1991 $6,883,516,484 $7,197,768,159
1990 $7,360,439,423 $6,184,384,225
1989 $6,487,912,088 $6,418,799,007
1988 $6,038,187,033 $7,406,614,407
1987 $5,446,428,681 $7,824,193,222
1986 $5,053,021,951 $10,840,864,521
1985 $6,153,296,456 $15,328,295,175
1984 $6,704,395,824 $12,906,635,133
1983 $6,467,582,308 $14,049,883,809
1982 $7,596,703,214 $13,927,383,240
1981 $8,661,263,764 $13,161,540,378
1980 $7,829,165,262 $11,409,228,087
1979 $5,632,962,997 $9,804,637,491
1978 $4,052,000,413 $9,261,675,710
1977 $3,617,564,638 $7,732,598,995
1976 $3,284,273,987 $6,472,511,988
1975 $2,512,773,166 $5,729,917,840
1974 $2,401,403,227 $4,977,337,978
1973 $793,885,560 $4,144,104,535
1972 $510,262,500 $3,472,787,266
1971 $387,703,106 $3,050,673,517
1970 $301,791,302 $2,851,419,386
1969 - $5,142,066,811
1968 - $4,895,251,824
1967 - $4,565,132,048
1966 - $4,377,998,825
1965 - $3,817,226,546
1964 - $3,748,840,925
1963 - $3,456,579,293
1962 - $3,101,589,993
1961 - $2,826,179,031
1960 - $2,651,729,807

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Qatar vs Tanzania by year

Qatar
GDP per capita

GDP per capita, PPP
Tanzania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Tanzania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $76,689 $126,046 $1,150 $4,221
2023 $81,817 $129,368 $1,186 $4,019
2022 $88,701 $122,921 $1,171 $3,800
2021 $71,752 $116,833 $1,125 $3,493
2020 $51,684 $82,149 $1,084 $3,291
2019 $66,841 $107,503 $1,031 $2,982
2018 $71,040 $110,033 $992 $2,728
2017 $63,280 $99,358 $957 $2,472
2016 $61,254 $89,935 $925 $2,435
2015 $68,985 $102,546 $911 $2,317
2014 $95,841 $148,389 $993 $2,221
2013 $103,697 $169,203 $935 $2,176
2012 $108,470 $180,939 $837 $2,083
2011 $103,262 $174,620 $753 $2,211
2010 $76,463 $151,646 $715 $2,069
2009 $60,786 $125,898 $674 $1,972
2008 $80,781 $126,015 $657 $1,908
2007 $65,954 $124,056 $528 $1,820
2006 $62,582 $127,181 $462 $1,707
2005 $53,950 $115,250 $469 $1,598
2004 $41,036 $110,958 $438 $1,482
2003 $31,602 $94,120 $410 $1,379
2002 $27,227 $93,177 $391 $1,302
2001 $25,871 $89,805 $385 $1,229
2000 $27,535 $88,849 $390 $1,164
1999 $20,234 $84,690 $382 $1,120
1998 $17,665 $84,486 $375 $1,082
1997 $20,523 $79,219 $353 $1,059
1996 $17,125 $62,331 $305 $1,026
1995 $15,823 $60,321 $251.2 $981
1994 $14,765 $59,415 $222.5 $958
1993 $14,770 $59,125 $218.2 $959
1992 $16,280 $60,387 $243.4 $955
1991 $15,133 $54,759 $268.8 $952
1990 $16,722 $55,659 $236.9 $925
1989 $15,243 - $252.3 -
1988 $14,682 - $299 -
1987 $13,719 - $326 -
1986 $13,213 - $466 -
1985 $16,815 - $681 -
1984 $19,272 - $593 -
1983 $19,616 - $667 -
1982 $24,385 - $683 -
1981 $29,505 - $665 -
1980 $28,375 - $595 -
1979 $21,777 - $527 -
1978 $16,757 - $515 -
1977 $16,058 - $446 -
1976 $15,710 - $387 -
1975 $13,014 - $355 -
1974 $13,540 - $320 -
1973 $4,905 - $276.1 -
1972 $3,483 - $239.8 -
1971 $2,952 - $218.4 -
1970 $2,594 - $211.3 -
1969 - - $394 -
1968 - - $388 -
1967 - - $374 -
1966 - - $370 -
1965 - - $333 -
1964 - - $337 -
1963 - - $320 -
1962 - - $295.7 -
1961 - - $277.4 -
1960 - - $267.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Qatar's GDP per capita is $76,689, ranking 11/197, compared to $1,150 in Tanzania, ranking 170/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Tanzania ranks 165th at $4,221.

Economic indicators

Qatar Tanzania
Gross domestic product
$219B
2024
$78.8B
2024
GDP rank
56/197
2024
82/197
2024
GDP growth
2.36%
2023-2024
5.53%
2023-2024
GDP per capita
$76,689
2024
$1,150
2024
GDP per capita rank
11/197
2024
170/197
2024
GDP per capita, PPP
$126,046
2024
$4,221
2024
GDP per capita PPP rank
5/197
2024
165/197
2024
Government debt
$90.2B
2024
$39.3B
2024
Debt-to-GDP ratio
41.2%
2024
49.9%
2024
Government debt per person
$31,579
2024
$573
2024
Government debt per person rank
23/185
2024
160/185
2024
Average annual personal income after taxes
$35,660
2026
$2,309
2026
Market capitalization of domestic companies
$170M
2024
$7.32B
2024
Number of millionaires
26,163
2025
n/a
Number of billionaires
2
2025
1
2025
Income share by richest 10%
25.8%
2017
33.1%
2018
Income share by poorest 10%
2.6%
2017
2.9%
2018
Government expenditure, % of GDP
26%
2024
19.1%
2024
Consumer prices inflation
1.27%
2023-2024
3.06%
2023-2024
Central bank interest rate
4.1%
2025
6%
2024
Unemployment rate
0.13%
2022
2.43%
2024
Population
2999260
73145892

Spending and national debt comparison by year

Qatar
Spending

Debt
Tanzania
Spending

Debt
1x
Year % of GDP
Qatar Tanzania
Government spending Government debt Government spending Government debt
2024 26% 41.2% 19.1% 49.9%
2023 27.3% 43.7% 19% 47.8%
2022 24.3% 42.6% 19.1% 44.9%
2021 29.4% 58.4% 18.4% 43.4%
2020 34.7% 72.6% 17.4% 41.3%
2019 32.5% 62.1% 17.3% 40.4%
2018 28.9% 52.2% 17.3% 42%
2017 34.7% 51.6% 16.4% 40.1%
2016 40.1% 46.7% 16.9% 39.8%
2015 38.6% 35.5% 17.2% 39.5%
2014 32.3% 24.9% 17.3% 36.4%
2013 28.3% 30.9% 18.8% 32.7%
2012 31% 32.1% 19.6% 30%
2011 28.5% 33.5% 19% 28.4%
2010 32% 30.4% 19.8% 27.6%
2009 36.4% 36% 19.6% 23.9%
2008 23.5% 11.4% 18.1% 21.6%
2007 29.5% 9.37% 17.8% 23.8%
2006 29.5% 13.9% 17.6% 17.4%
2005 29% 19.1% 18.3% 25.4%
2004 29.9% 30.1% 17% 44.5%
2003 28.5% 38.8% 15.4% 44.4%
2002 31.6% 47.7% 13.6% 47.4%
2001 32.1% 59.2% 12.4% 50.8%
2000 29.8% 51.6% 12.3% 55.4%
1999 42.4% 81.8% 12.8% 62.9%
1998 55.1% 76.6% 11.4% 62.2%
1997 47.6% 54.4% 12.8% 73.4%
1996 55.2% 57.8% 13.4% 89.6%
1995 52.2% 50.2% 15.6% 111.1%
1994 59.8% 54.8% 16.8% 126%
1993 62.8% 46.3% 16.4% 129.2%
1992 54.2% 19.9% 17.6% 117.6%
1991 57.5% 21.8% 14.2% 106.5%
1990 50% 12.6% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20).

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

In 2024, Qatar's government spending was $56.9B, accounting for 26% of its GDP, while Tanzania spent $15.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 41.2% in Qatar and 49.9% in Tanzania, ranking 130/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Tanzania
1x
Year Deficit/surplus, % of GDP
Qatar Tanzania
2024 0.69% -3.03%
2023 5.56% -3.67%
2022 10.4% -3.92%
2021 0.24% -3.55%
2020 -2.13% -2.56%
2019 1% -2.06%
2018 2.26% -2.01%
2017 -6.82% -1.14%
2016 -9.2% -2.08%
2015 18.4% -3.17%
2014 13.4% -2.91%
2013 19.3% -3.76%
2012 8.55% -4%
2011 5.24% -3.51%
2010 4.6% -4.74%
2009 14.1% -4.46%
2008 9.49% -1.92%
2007 10.3% -1.44%
2006 8.39% -3.38%
2005 9.8% -3.28%
2004 17.7% -2.43%
2003 6.71% -1.77%
2002 7.89% -0.73%
2001 4.48% -0.41%
2000 4.62% -0.73%
1999 -4.35% -1.14%
1998 -7% 0.13%
1997 -9.4% -0.03%
1996 -8.73% 1.57%
1995 -5.78% -2.12%
1994 -11.8% -3.74%
1993 -9.53% -2.02%
1992 -2.74% -4.96%
1991 -2.57% 0.6%
1990 3.23% -

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

GeoRank.org/economy/qatar/tanzania | 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 Tanzania's deficit of $2.39B, or 3.03% of GDP.

Over the past 34 years, Qatar recorded a fiscal deficit in 12 of those years, while Tanzania ran a deficit in 31 years. On average, Qatar posted an annual surplus equal to 3.03% of GDP, compared to deficit of 2.3% of GDP for Tanzania.

Inflation comparison by year

Inflation
Qatar

Tanzania
1x
Year Consumer prices inflation
Qatar Tanzania
2024 1.27% 3.06%
2023 3.03% 3.8%
2022 5% 4.35%
2021 2.3% 3.69%
2020 -2.54% 3.29%
2019 -0.67% 3.46%
2018 0.26% 3.49%
2017 0.39% 5.32%
2016 2.68% 5.17%
2015 1.81% 5.59%
2014 3.35% 6.13%
2013 3.22% 7.87%
2012 2.32% 16%
2011 1.14% 12.7%
2010 -2.43% 6.2%
2009 -4.86% 12.1%
2008 15.1% 10.3%
2007 13.8% 7.03%
2006 11.8% 7.25%
2005 8.81% 5.03%
2004 6.8% 4.74%
2003 2.26% 5.3%
2002 0.24% 5.32%
2001 1.47% 5.15%
2000 1.65% 5.92%
1999 2.18% 7.89%
1998 2.95% 12.8%
1997 4.83% 16.1%

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

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

Over the past 28 years, Qatar has recorded an average annual inflation rate of 3.15%, compared with 6.97% in Tanzania. In 2024, inflation was 1.27% in Qatar and 3.06% in Tanzania.

Top exports between countries

Qatar
Export category Export value
Raw materials & minerals $56.9M
Chemicals & pharma $15.2M
Machinery & equipment $3.03M
Metals $1.73M
Wood & paper products $94K
Miscellaneous $35K
Tanzania
Export category Export value
Animal & marine products $21.8M
Processed food, beverages & tobacco $15.8M
Raw agricultural goods $1.18M
Raw materials & minerals $480K
Wood & paper products $436K
Chemicals & pharma $194K
Precious metals & jewellery $161K
Textiles & consumer goods $122K
Metals $52K
Machinery & equipment $34K

Balance of trade

Qatar Tanzania
Current account balance
$37.9B
2024
-$2.38B
2024
Current account balance ranking
16/190
2024
147/190
2024
Current account balance, % of GDP
+17.3%
2024
-3.02%
2024
Goods imports
$32.6B
2024
$14.2B
2024
Goods exports
$95B
2024
$9.12B
2024
Service imports
$37.1B
2024
$2.8B
2024
Service exports
$30.2B
2024
$6.85B
2024
Imports of goods and services, % of GDP
31.6%
2022
21.7%
2024
Exports of goods and services, % of GDP
68.6%
2022
19.8%
2024

Economic freedom indices

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

Qatar Tanzania
Economic freedom 70.2 59
Economic freedom ranking 37/197 106/197
Property rights 66.2 45.2
Government integrity 53.5 40.9
Judicial effectiveness 41.5 29.6
Tax burden 99.9 80.4
Government spending 79.9 89.1
Fiscal health 96.6 75
Business freedom 68 48.1
Labor freedom 58.5 62.3
Monetary freedom 76 73.4
Trade freedom 81.8 58.8
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Qatar
Tanzania
1x
Year Economic freedom index
Qatar Tanzania
2026 70.2 59
2025 70.2 59.3
2024 68.8 59.1
2023 68.6 60
2022 67.7 59.5
2021 72 61.3
2020 72.3 61.7
2019 72.6 60.2
2018 72.6 59.9
2017 73.1 58.6
2016 70.7 58.5
2015 70.8 57.5
2014 71.2 57.8
2013 71.3 57.9
2012 71.3 57
2011 70.5 57
2010 69 58.3
2009 65.8 58.3
2008 62.2 56.5
2007 62.9 56.8
2006 62.4 58.5
2005 63.5 56.3
2004 66.5 60.1
2003 65.9 56.9
2002 61.9 58.3
2001 60 54.9
2000 62 56
1999 62 60
1998 - 59.6
1997 - 59.3
1996 - 57.5
1995 - 57.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, compared to 59 for Tanzania, ranking 106/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Qatar Tanzania
Services, % of GDP
46.1%
2024
29.6%
2024
Industry, % of GDP
58.2%
2024
28.6%
2024
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
23.3%
2024
GNI, Atlas method
$221B
2024
$80.2B
2024
GNI per capita, PPP
$121,900
2024
$4,130
2024
Total reserves including gold
$54B
2024
$5.05B
2018
Total reserves ranking
40/177
2024
101/177
2018
Net foreign direct investment
$1.1B
2024
-$1.72B
2024
Net inflows of foreign direct investment
$460M
2024
$1.72B
2024
Net outflows of foreign direct investment
$1.56B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
2.57%
2024
Poverty at national poverty lines n/a
26.4%
2018
Gross capital formation, % of GDP
30.6%
2022
39.8%
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/tanzania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–2000, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.