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Economy of Qatar vs Uganda compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $53.9B for Uganda, ranking 56/197 and 89/197 by economy size, respectively.

Qatar has $90.2B in government debt (41.2% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Qatar vs Uganda GDP by year

Qatar
Uganda
1x
Year GDP, current $
Qatar Uganda
2024 $219,162,637,363 $53,911,907,086
2023 $217,308,516,484 $48,768,955,863
2022 $235,709,340,659 $45,565,333,211
2021 $179,732,142,857 $40,529,788,749
2020 $144,411,538,462 $37,600,368,242
2019 $176,371,428,571 $35,353,061,003
2018 $183,335,164,835 $32,927,025,620
2017 $161,099,175,824 $30,744,473,841
2016 $151,732,142,857 $29,203,988,696
2015 $161,739,835,165 $32,387,183,730
2014 $206,224,725,275 $32,612,397,257
2013 $198,727,747,253 $28,915,786,517
2012 $186,833,516,484 $27,305,915,911
2011 $167,775,274,725 $27,871,725,241
2010 $123,627,197,802 $26,673,441,431
2009 $97,798,351,648 $25,127,805,567
2008 $115,270,054,945 $14,440,404,132
2007 $79,712,087,912 $11,902,564,495
2006 $60,882,142,857 $9,977,647,683
2005 $44,530,494,505 $9,239,221,763
2004 $31,734,065,934 $7,939,487,548
2003 $23,533,791,209 $6,606,884,275
2002 $19,363,736,264 $6,178,563,591
2001 $17,538,461,538 $5,840,503,869
2000 $17,759,890,110 $6,193,246,837
1999 $12,393,131,868 $5,998,563,258
1998 $10,255,495,027 $6,584,815,847
1997 $11,297,802,115 $6,269,333,313
1996 $9,059,340,385 $6,044,585,327
1995 $8,137,911,978 $5,755,818,842
1994 $7,374,450,769 $3,990,430,447
1993 $7,156,593,654 $3,220,439,044
1992 $7,646,153,984 $2,857,457,762
1991 $6,883,516,484 $3,321,729,160
1990 $7,360,439,423 $4,304,399,310
1989 $6,487,912,088 $5,276,480,799
1988 $6,038,187,033 $6,508,931,652
1987 $5,446,428,681 $6,269,522,042
1986 $5,053,021,951 $3,923,244,050
1985 $6,153,296,456 $3,519,695,444
1984 $6,704,395,824 $3,615,647,477
1983 $6,467,582,308 $2,240,333,333
1982 $7,596,703,214 $2,177,500,000
1981 $8,661,263,764 $1,337,300,000
1980 $7,829,165,262 $1,244,610,000
1979 $5,632,962,997 $2,139,025,000
1978 $4,052,000,413 $2,420,260,870
1977 $3,617,564,638 $2,936,470,588
1976 $3,284,273,987 $2,447,300,000
1975 $2,512,773,166 $2,359,555,556
1974 $2,401,403,227 $2,098,944,967
1973 $793,885,560 $1,701,829,789
1972 $510,262,500 $1,490,970,181
1971 $387,703,106 $1,417,191,656
1970 $301,791,302 $1,259,554,809
1969 - $1,168,556,629
1968 - $1,037,379,252
1967 - $967,240,655
1966 - $925,381,492
1965 - $884,502,310
1964 - $589,247,687
1963 - $516,315,231
1962 - $449,158,233
1961 - $441,667,335
1960 - $423,145,605

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

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

GDP per capita in Qatar vs Uganda by year

Qatar
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $76,689 $126,046 $1,078 $3,273
2023 $81,817 $129,368 $1,002 $3,098
2022 $88,701 $122,921 $963 $2,919
2021 $71,752 $116,833 $883 $2,685
2020 $51,684 $82,149 $846 $2,532
2019 $66,841 $107,503 $822 $2,441
2018 $71,040 $110,033 $792 $2,312
2017 $63,280 $99,358 $765 $2,158
2016 $61,254 $89,935 $753 $2,165
2015 $68,985 $102,546 $863 $2,190
2014 $95,841 $148,389 $896 $2,134
2013 $103,697 $169,203 $818 $2,045
2012 $108,470 $180,939 $795 $2,032
2011 $103,262 $174,620 $836 $2,268
2010 $76,463 $151,646 $823 $2,092
2009 $60,786 $125,898 $799 $2,015
2008 $80,781 $126,015 $473 $1,931
2007 $65,954 $124,056 $401 $1,795
2006 $62,582 $127,181 $347 $1,660
2005 $53,950 $115,250 $330 $1,497
2004 $41,036 $110,958 $292.4 $1,405
2003 $31,602 $94,120 $250.7 $1,320
2002 $27,227 $93,177 $242 $1,255
2001 $25,871 $89,805 $236 $1,173
2000 $27,535 $88,849 $258.1 $1,124
1999 $20,234 $84,690 $257.9 $1,100
1998 $17,665 $84,486 $292.5 $1,037
1997 $20,523 $79,219 $286.8 $1,007
1996 $17,125 $62,331 $284.7 $969
1995 $15,823 $60,321 $278.5 $897
1994 $14,765 $59,415 $198.4 $809
1993 $14,770 $59,125 $165.6 $770
1992 $16,280 $60,387 $152.1 $719
1991 $15,133 $54,759 $183 $703
1990 $16,722 $55,659 $245 $666
1989 $15,243 - $310 -
1988 $14,682 - $395 -
1987 $13,719 - $393 -
1986 $13,213 - $253.6 -
1985 $16,815 - $234.3 -
1984 $19,272 - $247.5 -
1983 $19,616 - $157.5 -
1982 $24,385 - $157 -
1981 $29,505 - $98.6 -
1980 $28,375 - $93.8 -
1979 $21,777 - $164.5 -
1978 $16,757 - $190.7 -
1977 $16,058 - $237.6 -
1976 $15,710 - $203.3 -
1975 $13,014 - $201.2 -
1974 $13,540 - $183.7 -
1973 $4,905 - $152.7 -
1972 $3,483 - $137 -
1971 $2,952 - $133.5 -
1970 $2,594 - $122 -
1969 - - $116.7 -
1968 - - $106.9 -
1967 - - $102.8 -
1966 - - $101.4 -
1965 - - $100 -
1964 - - $68.6 -
1963 - - $62 -
1962 - - $55.5 -
1961 - - $56.2 -
1960 - - $55.4 -

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

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

Qatar's GDP per capita is $76,689, ranking 11/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Uganda ranks 176th at $3,273.

Economic indicators

Qatar Uganda
Gross domestic product
$219B
2024
$53.9B
2024
GDP rank
56/197
2024
89/197
2024
GDP growth
2.36%
2023-2024
6.06%
2023-2024
GDP per capita
$76,689
2024
$1,078
2024
GDP per capita rank
11/197
2024
176/197
2024
GDP per capita, PPP
$126,046
2024
$3,273
2024
GDP per capita PPP rank
5/197
2024
176/197
2024
Government debt
$90.2B
2024
$27.8B
2024
Debt-to-GDP ratio
41.2%
2024
51.5%
2024
Government debt per person
$31,579
2024
$555
2024
Government debt per person rank
23/185
2024
163/185
2024
Average annual personal income after taxes
$35,660
2026
$1,466
2026
Market capitalization of domestic companies
$170M
2024
n/a
Number of millionaires
26,163
2025
n/a
Number of billionaires
2
2025
n/a
Income share by richest 10%
25.8%
2017
34.5%
2019
Income share by poorest 10%
2.6%
2017
2.4%
2019
Government expenditure, % of GDP
26%
2024
18.7%
2024
Consumer prices inflation
1.27%
2023-2024
3.3%
2023-2024
Central bank interest rate
4.1%
2025
9.75%
2024
Unemployment rate
0.13%
2022
3.42%
2021
Population
2999260
53170946

Spending and national debt comparison by year

Qatar
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Qatar Uganda
Government spending Government debt Government spending Government debt
2024 26% 41.2% 18.7% 51.5%
2023 27.3% 43.7% 19.3% 50.5%
2022 24.3% 42.6% 19.5% 50.2%
2021 29.4% 58.4% 22% 50.3%
2020 34.7% 72.6% 21.4% 46.3%
2019 32.5% 62.1% 18.3% 37.5%
2018 28.9% 52.2% 16.2% 34.9%
2017 34.7% 51.6% 16.3% 33.6%
2016 40.1% 46.7% 15.2% 31.3%
2015 38.6% 35.5% 14.9% 28%
2014 32.3% 24.9% 13.6% 24.8%
2013 28.3% 30.9% 13.3% 22.1%
2012 31% 32.1% 13.1% 19.5%
2011 28.5% 33.5% 13.2% 18%
2010 32% 30.4% 15.4% 18.4%
2009 36.4% 36% 11.8% 14.8%
2008 23.5% 11.4% 12.9% 15.7%
2007 29.5% 9.37% 13.2% 17%
2006 29.5% 13.9% 13.7% 27.8%
2005 29% 19.1% 14.5% 42.6%
2004 29.9% 30.1% 15.6% 49%
2003 28.5% 38.8% 16.5% 55.1%
2002 31.6% 47.7% 16.8% 54.7%
2001 32.1% 59.2% 16.2% 51.4%
2000 29.8% 51.6% 15.2% 48.5%
1999 42.4% 81.8% 14.7% 47.7%
1998 55.1% 76.6% 14% 45.1%
1997 47.6% 54.4% 13.9% 44.2%
1996 55.2% 57.8% - -
1995 52.2% 50.2% - -
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/uganda | CC BY

In 2024, Qatar's government spending was $56.9B, accounting for 26% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 41.2% in Qatar and 51.5% in Uganda, ranking 130/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Uganda
1x
Year Deficit/surplus, % of GDP
Qatar Uganda
2024 0.69% -3.99%
2023 5.56% -4.87%
2022 10.4% -5.45%
2021 0.24% -7.76%
2020 -2.13% -7.76%
2019 1% -4.82%
2018 2.26% -3.02%
2017 -6.82% -3.83%
2016 -9.2% -2.64%
2015 18.4% -2.59%
2014 13.4% -2.74%
2013 19.3% -3.19%
2012 8.55% -2.39%
2011 5.24% -2.04%
2010 4.6% -4.64%
2009 14.1% -1.61%
2008 9.49% -1.99%
2007 10.3% -0.82%
2006 8.39% -0.64%
2005 9.8% -0.17%
2004 17.7% 0.34%
2003 6.71% -0.97%
2002 7.89% -2.07%
2001 4.48% -0.99%
2000 4.62% -0.62%
1999 -4.35% -1.24%
1998 -7% -0.7%
1997 -9.4% -0.83%
1996 -8.73% -
1995 -5.78% -
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/uganda | 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 Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Qatar recorded a fiscal deficit in 6 of those years, while Uganda ran a deficit in 27 years. On average, Qatar posted an annual surplus equal to 5.15% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Qatar

Uganda
1x
Year Consumer prices inflation
Qatar Uganda
2024 1.27% 3.3%
2023 3.03% 5.4%
2022 5% 7.2%
2021 2.3% 2.2%
2020 -2.54% 2.8%
2019 -0.67% 2.1%
2018 0.26% 2.5%
2017 0.39% 5.6%
2016 2.68% 5.2%
2015 1.81% 3.7%
2014 3.35% 4.3%
2013 3.22% 5.5%
2012 2.32% 14%
2011 1.14% 18.7%
2010 -2.43% 4%
2009 -4.86% 13%
2008 15.1% 12%
2007 13.8% 6.1%
2006 11.8% 7.2%
2005 8.81% 8.6%
2004 6.8% 3.7%
2003 2.26% 8.7%
2002 0.24% -0.3%
2001 1.47% 1.9%
2000 1.65% 3.4%
1999 2.18% 5.8%
1998 2.95% 5.8%
1997 4.83% 7.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Qatar has recorded an average annual inflation rate of 3.15%, compared with 6.08% in Uganda. In 2024, inflation was 1.27% in Qatar and 3.3% in Uganda.

Top exports between countries

Qatar
Export category Export value
Chemicals & pharma $11.9M
Raw materials & minerals $389K
Machinery & equipment $197K
Textiles & consumer goods $19K
Miscellaneous $15K
Uganda
Export category Export value
Raw materials & minerals $6.21M
Raw agricultural goods $5.06M
Processed food, beverages & tobacco $1.7M
Animal & marine products $707K
Chemicals & pharma $220K
Textiles & consumer goods $16K
Machinery & equipment $11K
Metals $11K

Balance of trade

Qatar Uganda
Current account balance
$37.9B
2024
-$4.29B
2024
Current account balance ranking
16/190
2024
164/190
2024
Current account balance, % of GDP
+17.3%
2024
-7.96%
2024
Goods imports
$32.6B
2024
$11.7B
2024
Goods exports
$95B
2024
$8.67B
2024
Service imports
$37.1B
2024
$4.38B
2024
Service exports
$30.2B
2024
$2.39B
2024
Imports of goods and services, % of GDP
31.6%
2022
25.9%
2024
Exports of goods and services, % of GDP
68.6%
2022
16.8%
2024

Economic freedom indices

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

Qatar Uganda
Economic freedom 70.2 52.4
Economic freedom ranking 37/197 149/197
Property rights 66.2 42.2
Government integrity 53.5 25.1
Judicial effectiveness 41.5 29.4
Tax burden 99.9 73.4
Government spending 79.9 89
Fiscal health 96.6 58.3
Business freedom 68 50.2
Labor freedom 58.5 55.9
Monetary freedom 76 77.1
Trade freedom 81.8 58
Investment freedom 60 30
Financial freedom 60 40

Economic freedom comparison by year

Qatar
Uganda
1x
Year Economic freedom index
Qatar Uganda
2026 70.2 52.4
2025 70.2 51.3
2024 68.8 50.7
2023 68.6 51.4
2022 67.7 54.2
2021 72 58.6
2020 72.3 59.5
2019 72.6 59.7
2018 72.6 62
2017 73.1 60.9
2016 70.7 59.3
2015 70.8 59.7
2014 71.2 59.9
2013 71.3 61.1
2012 71.3 61.9
2011 70.5 61.7
2010 69 62.2
2009 65.8 63.5
2008 62.2 63.8
2007 62.9 63.1
2006 62.4 63.9
2005 63.5 62.9
2004 66.5 64.1
2003 65.9 60.1
2002 61.9 61
2001 60 60.4
2000 62 58.2
1999 62 64.8
1998 - 64.7
1997 - 66.6
1996 - 66.2
1995 - 62.9

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

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

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Qatar Uganda
Services, % of GDP
46.1%
2024
43.1%
2024
Industry, % of GDP
58.2%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
24.6%
2024
GNI, Atlas method
$221B
2024
$50.9B
2024
GNI per capita, PPP
$121,900
2024
$3,190
2024
Total reserves including gold
$54B
2024
$3.36B
2018
Total reserves ranking
40/177
2024
114/177
2018
Net foreign direct investment
$1.1B
2024
-$3.26B
2024
Net inflows of foreign direct investment
$460M
2024
$3.26B
2024
Net outflows of foreign direct investment
$1.56B
2024
$400K
2024
Servicing debt to the IMF, % of GNI n/a
2.96%
2024
Poverty at national poverty lines n/a
20.3%
2019
Gross capital formation, % of GDP
30.6%
2022
22.4%
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/uganda | 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 (2020–2024, 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.

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.