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Economy of Qatar vs Ukraine compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $191B for Ukraine, ranking 56/197 and 57/197 by economy size, respectively.

Qatar has $90.2B in government debt (41.2% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Qatar vs Ukraine GDP by year

Qatar
Ukraine
1x
Year GDP, current $
Qatar Ukraine
2024 $219,162,637,363 $190,741,262,415
2023 $217,308,516,484 $181,221,517,869
2022 $235,709,340,659 $161,989,520,721
2021 $179,732,142,857 $199,765,859,571
2020 $144,411,538,462 $156,617,722,013
2019 $176,371,428,571 $153,883,047,510
2018 $183,335,164,835 $130,891,088,294
2017 $161,099,175,824 $112,090,505,082
2016 $151,732,142,857 $93,355,869,404
2015 $161,739,835,165 $91,030,967,789
2014 $206,224,725,275 $133,503,871,862
2013 $198,727,747,253 $190,498,811,460
2012 $186,833,516,484 $182,591,753,828
2011 $167,775,274,725 $169,333,835,202
2010 $123,627,197,802 $141,209,170,427
2009 $97,798,351,648 $121,552,153,444
2008 $115,270,054,945 $188,110,390,660
2007 $79,712,087,912 $148,733,861,386
2006 $60,882,142,857 $111,884,752,475
2005 $44,530,494,505 $89,238,865,119
2004 $31,734,065,934 $67,220,154,164
2003 $23,533,791,209 $52,010,355,753
2002 $19,363,736,264 $43,956,163,612
2001 $17,538,461,538 $39,309,580,983
2000 $17,759,890,110 $32,375,083,935
1999 $12,393,131,868 $31,580,639,554
1998 $10,255,495,027 $41,882,523,345
1997 $11,297,802,115 $50,151,531,592
1996 $9,059,340,385 $44,558,831,005
1995 $8,137,911,978 $48,213,856,469
1994 $7,374,450,769 $52,549,580,265
1993 $7,156,593,654 $65,648,559,903
1992 $7,646,153,984 $73,945,908,384
1991 $6,883,516,484 $77,350,733,982
1990 $7,360,439,423 $81,393,558,423
1989 $6,487,912,088 $82,709,161,099
1988 $6,038,187,033 $74,703,517,903
1987 $5,446,428,681 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Qatar vs Ukraine by year

Qatar
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $76,689 $126,046 $5,038 $18,550
2023 $81,817 $129,368 $4,803 $17,665
2022 $88,701 $122,921 $3,946 $14,770
2021 $71,752 $116,833 $4,510 $17,846
2020 $51,684 $82,149 $3,505 $15,541
2019 $66,841 $107,503 $3,423 $14,217
2018 $71,040 $110,033 $2,895 $12,555
2017 $63,280 $99,358 $2,467 $11,536
2016 $61,254 $89,935 $2,047 $10,865
2015 $68,985 $102,546 $1,988 $9,922
2014 $95,841 $148,389 $2,904 $10,494
2013 $103,697 $169,203 $4,130 $10,904
2012 $108,470 $180,939 $3,951 $9,552
2011 $103,262 $174,620 $3,657 $9,127
2010 $76,463 $151,646 $3,040 $8,453
2009 $60,786 $125,898 $2,607 $7,995
2008 $80,781 $126,015 $4,018 $9,324
2007 $65,954 $124,056 $3,160 $8,900
2006 $62,582 $127,181 $2,366 $7,971
2005 $53,950 $115,250 $1,875 $7,142
2004 $41,036 $110,958 $1,401 $6,663
2003 $31,602 $94,120 $1,076 $5,764
2002 $27,227 $93,177 $903 $5,123
2001 $25,871 $89,805 $800 $4,747
2000 $27,535 $88,849 $653 $4,228
1999 $20,234 $84,690 $632 $3,871
1998 $17,665 $84,486 $831 $3,794
1997 $20,523 $79,219 $987 $3,794
1996 $17,125 $62,331 $870 $3,812
1995 $15,823 $60,321 $933 $4,124
1994 $14,765 $59,415 $1,009 $4,565
1993 $14,770 $59,125 $1,254 $5,766
1992 $16,280 $60,387 $1,413 $6,568
1991 $15,133 $54,759 $1,483 $7,148
1990 $16,722 $55,659 $1,564 $7,591
1989 $15,243 - $1,593 -
1988 $14,682 - $1,444 -
1987 $13,719 - $1,244 -
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/ukraine | CC BY

Qatar's GDP per capita is $76,689, ranking 11/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Ukraine ranks 101st at $18,550.

Economic indicators

Qatar Ukraine
Gross domestic product
$219B
2024
$191B
2024
GDP rank
56/197
2024
57/197
2024
GDP growth
2.36%
2023-2024
2.91%
2023-2024
GDP per capita
$76,689
2024
$5,038
2024
GDP per capita rank
11/197
2024
120/197
2024
GDP per capita, PPP
$126,046
2024
$18,550
2024
GDP per capita PPP rank
5/197
2024
101/197
2024
Government debt
$90.2B
2024
$171B
2024
Debt-to-GDP ratio
41.2%
2024
89.7%
2024
Government debt per person
$31,579
2024
$4,520
2024
Government debt per person rank
23/185
2024
86/185
2024
Average annual personal income after taxes
$35,660
2026
$5,370
2026
Market capitalization of domestic companies
$170M
2024
$4.42B
2018
Number of millionaires
26,163
2025
n/a
Number of billionaires
2
2025
7
2025
Income share by richest 10%
25.8%
2017
21.7%
2020
Income share by poorest 10%
2.6%
2017
4.3%
2020
Government expenditure, % of GDP
26%
2024
71.3%
2024
Consumer prices inflation
1.27%
2023-2024
6.5%
2023-2024
Central bank interest rate
4.1%
2025
15.5%
2025
Unemployment rate
0.13%
2022
9.83%
2021
Population
2999260
40125599

Spending and national debt comparison by year

Qatar
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Qatar Ukraine
Government spending Government debt Government spending Government debt
2024 26% 41.2% 71.3% 89.7%
2023 27.3% 43.7% 73.4% 81.2%
2022 24.3% 42.6% 65.4% 77.7%
2021 29.4% 58.4% 40.5% 48.9%
2020 34.7% 72.6% 45.6% 60.5%
2019 32.5% 62.1% 41.5% 50.5%
2018 28.9% 52.2% 41.9% 60.4%
2017 34.7% 51.6% 41.7% 71.6%
2016 40.1% 46.7% 40.8% 79.5%
2015 38.6% 35.5% 43% 79.3%
2014 32.3% 24.9% 44.8% 70.3%
2013 28.3% 30.9% 48.1% 40.5%
2012 31% 32.1% 49% 37.5%
2011 28.5% 33.5% 45.7% 36.9%
2010 32% 30.4% 49.2% 40.6%
2009 36.4% 36% 48.6% 35.4%
2008 23.5% 11.4% 47.1% 20.4%
2007 29.5% 9.37% 43.7% 12.3%
2006 29.5% 13.9% 44.6% 14.8%
2005 29% 19.1% 44.2% 17.7%
2004 29.9% 30.1% 41.6% 24.8%
2003 28.5% 38.8% 38.9% 29.4%
2002 31.6% 47.7% 37.9% 33.6%
2001 32.1% 59.2% 36.7% 36.7%
2000 29.8% 51.6% 35.5% 43.8%
1999 42.4% 81.8% 25.8% 59%
1998 55.1% 76.6% 37.1% 46.5%
1997 47.6% 54.4% 40.8% 28.9%
1996 55.2% 57.8% 36.9% 24.4%
1995 52.2% 50.2% 41.3% 30.2%
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); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Qatar's government spending was $56.9B, accounting for 26% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 41.2% in Qatar and 89.7% in Ukraine, ranking 130/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Ukraine
1x
Year Deficit/surplus, % of GDP
Qatar Ukraine
2024 0.69% -17.2%
2023 5.56% -19.3%
2022 10.4% -15.6%
2021 0.24% -3.97%
2020 -2.13% -5.92%
2019 1% -2.08%
2018 2.26% -2.12%
2017 -6.82% -2.36%
2016 -9.2% -2.46%
2015 18.4% -1.16%
2014 13.4% -4.46%
2013 19.3% -4.78%
2012 8.55% -4.31%
2011 5.24% -2.76%
2010 4.6% -5.77%
2009 14.1% -6.27%
2008 9.49% -3.14%
2007 10.3% -1.97%
2006 8.39% -1.36%
2005 9.8% -2.28%
2004 17.7% -4.41%
2003 6.71% -0.89%
2002 7.89% -1.84%
2001 4.48% -3.03%
2000 4.62% -3.19%
1999 -4.35% 4.95%
1998 -7% -2.69%
1997 -9.4% -5.37%
1996 -8.73% -3.09%
1995 -5.78% -4.72%
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/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Qatar recorded a fiscal deficit in 8 of those years, while Ukraine ran a deficit in 29 years. On average, Qatar posted an annual surplus equal to 4.32% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Qatar

Ukraine
1x
Year Consumer prices inflation
Qatar Ukraine
2024 1.27% 6.5%
2023 3.03% 12.9%
2022 5% 20.2%
2021 2.3% 9.4%
2020 -2.54% 2.7%
2019 -0.67% 7.9%
2018 0.26% 10.9%
2017 0.39% 14.4%
2016 2.68% 13.9%
2015 1.81% 48.7%
2014 3.35% 12.1%
2013 3.22% -0.3%
2012 2.32% 0.6%
2011 1.14% 8%
2010 -2.43% 9.4%
2009 -4.86% 15.9%
2008 15.1% 25.2%
2007 13.8% 12.8%
2006 11.8% 9.1%
2005 8.81% 13.5%
2004 6.8% 9%
2003 2.26% 5.2%
2002 0.24% 0.8%
2001 1.47% 12%
2000 1.65% 28.2%
1999 2.18% 22.7%
1998 2.95% 10.6%
1997 4.83% 15.9%

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/ukraine | CC BY

Over the past 28 years, Qatar has recorded an average annual inflation rate of 3.15%, compared with 12.8% in Ukraine. In 2024, inflation was 1.27% in Qatar and 6.5% in Ukraine.

Top exports between countries

Qatar
Export category Export value
Machinery & equipment $732K
Chemicals & pharma $316K
Metals $58K
Textiles & consumer goods $17K
Ukraine
Export category Export value
Metals $81.5M
Miscellaneous $25.3M
Processed food, beverages & tobacco $11.4M
Raw agricultural goods $10M
Animal & marine products $4.42M
Textiles & consumer goods $486K
Machinery & equipment $431K
Chemicals & pharma $387K
Wood & paper products $46K
Raw materials & minerals $45K

Balance of trade

Qatar Ukraine
Current account balance
$37.9B
2024
-$15.1B
2024
Current account balance ranking
16/190
2024
179/190
2024
Current account balance, % of GDP
+17.3%
2024
-7.94%
2024
Goods imports
$32.6B
2024
$72.3B
2024
Goods exports
$95B
2024
$39.3B
2024
Service imports
$37.1B
2024
$22.9B
2024
Service exports
$30.2B
2024
$17.3B
2024
Imports of goods and services, % of GDP
31.6%
2022
48.3%
2024
Exports of goods and services, % of GDP
68.6%
2022
29.4%
2024

Economic freedom indices

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

Qatar Ukraine
Economic freedom 70.2 54.1
Economic freedom ranking 37/197 135/197
Property rights 66.2 21.6
Government integrity 53.5 35
Judicial effectiveness 41.5 28.2
Tax burden 99.9 83.7
Government spending 79.9 0
Fiscal health 96.6 3.9
Business freedom 68 57.4
Labor freedom 58.5 46.9
Monetary freedom 76 65.7
Trade freedom 81.8 73
Investment freedom 60 35
Financial freedom 60 30

Economic freedom comparison by year

Qatar
Ukraine
1x
Year Economic freedom index
Qatar Ukraine
2026 70.2 -
2025 70.2 -
2024 68.8 -
2023 68.6 -
2022 67.7 54.1
2021 72 56.2
2020 72.3 54.9
2019 72.6 52.3
2018 72.6 51.9
2017 73.1 48.1
2016 70.7 46.8
2015 70.8 46.9
2014 71.2 49.3
2013 71.3 46.3
2012 71.3 46.1
2011 70.5 45.8
2010 69 46.4
2009 65.8 48.8
2008 62.2 51
2007 62.9 51.5
2006 62.4 54.4
2005 63.5 55.8
2004 66.5 53.7
2003 65.9 51.1
2002 61.9 48.2
2001 60 48.5
2000 62 47.8
1999 62 43.7
1998 - 40.4
1997 - 43.5
1996 - 40.6
1995 - 39.9

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

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

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Qatar Ukraine
Services, % of GDP
46.1%
2024
60.6%
2024
Industry, % of GDP
58.2%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
7.11%
2024
GNI, Atlas method
$221B
2024
$184B
2024
GNI per capita, PPP
$121,900
2024
$18,560
2024
Total reserves including gold
$54B
2024
$43.8B
2024
Total reserves ranking
40/177
2024
46/177
2024
Net foreign direct investment
$1.1B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$460M
2024
$4.02B
2024
Net outflows of foreign direct investment
$1.56B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.42%
2024
Poverty at national poverty lines n/a
23.2%
2020
Gross capital formation, % of GDP
30.6%
2022
18.6%
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/ukraine | 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 (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. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, 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.