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Economy of Qatar vs Vatican compared: GDP & Debt

Updated on by Georank team

Qatar has a GDP of $219B compared to $19.8M for the Vatican, ranking 56/197 and 197/197 by economy size, respectively.

Qatar vs Vatican GDP by year

Qatar
Vatican
1x
Year GDP, current $
Qatar Vatican
2024 $219,162,637,363 -
2023 $217,308,516,484 -
2022 $235,709,340,659 -
2021 $179,732,142,857 -
2020 $144,411,538,462 -
2019 $176,371,428,571 -
2018 $183,335,164,835 -
2017 $161,099,175,824 -
2016 $151,732,142,857 -
2015 $161,739,835,165 -
2014 $206,224,725,275 -
2013 $198,727,747,253 -
2012 $186,833,516,484 -
2011 $167,775,274,725 -
2010 $123,627,197,802 -
2009 $97,798,351,648 -
2008 $115,270,054,945 -
2007 $79,712,087,912 -
2006 $60,882,142,857 -
2005 $44,530,494,505 -
2004 $31,734,065,934 -
2003 $23,533,791,209 -
2002 $19,363,736,264 -
2001 $17,538,461,538 -
2000 $17,759,890,110 -
1999 $12,393,131,868 -
1998 $10,255,495,027 -
1997 $11,297,802,115 -
1996 $9,059,340,385 -
1995 $8,137,911,978 -
1994 $7,374,450,769 -
1993 $7,156,593,654 -
1992 $7,646,153,984 -
1991 $6,883,516,484 -
1990 $7,360,439,423 -
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/vatican | CC BY

Economic indicators

Qatar Vatican
Gross domestic product
$219B
2024
$19.8M
2025
GDP rank
56/197
2024
197/197
2025
GDP growth
2.36%
2023-2024
n/a
GDP per capita
$76,689
2024
$19,800
2025
GDP per capita rank
11/197
2024
59/197
2025
GDP per capita, PPP
$126,046
2024
$39,191
2025
GDP per capita PPP rank
5/197
2024
59/197
2025
Government debt
$90.2B
2024
n/a
Debt-to-GDP ratio
41.2%
2024
n/a
Government debt per person
$31,579
2024
n/a
Government debt per person rank
23/185
2024
n/a
Average annual personal income after taxes
$35,660
2026
$18,169
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
n/a
Income share by poorest 10%
2.6%
2017
n/a
Government expenditure, % of GDP
26%
2024
n/a
Consumer prices inflation
1.27%
2023-2024
n/a
Central bank interest rate
4.1%
2025
n/a
Unemployment rate
0.13%
2022
n/a
Population
2999260
936

Balance of trade

Qatar Vatican
Current account balance
$37.9B
2024
n/a
Current account balance ranking
16/190
2024
n/a
Current account balance, % of GDP
+17.3%
2024
n/a
Goods imports
$32.6B
2024
n/a
Goods exports
$95B
2024
n/a
Service imports
$37.1B
2024
n/a
Service exports
$30.2B
2024
n/a
Imports of goods and services, % of GDP
31.6%
2022
n/a
Exports of goods and services, % of GDP
68.6%
2022
n/a

Economic freedom indices

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

Qatar Vatican
Economic freedom 70.2 65
Economic freedom ranking 37/197 69/197
Property rights 66.2 n/a
Government integrity 53.5 n/a
Judicial effectiveness 41.5 n/a
Tax burden 99.9 n/a
Government spending 79.9 n/a
Fiscal health 96.6 n/a
Business freedom 68 n/a
Labor freedom 58.5 n/a
Monetary freedom 76 n/a
Trade freedom 81.8 n/a
Investment freedom 60 n/a
Financial freedom 60 n/a

Other economic metrics

Qatar Vatican
Services, % of GDP
46.1%
2024
n/a
Industry, % of GDP
58.2%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
0.29%
2024
n/a
GNI, Atlas method
$221B
2024
n/a
GNI per capita, PPP
$121,900
2024
n/a
Total reserves including gold
$54B
2024
n/a
Total reserves ranking
40/177
2024
n/a
Net foreign direct investment
$1.1B
2024
n/a
Net inflows of foreign direct investment
$460M
2024
n/a
Net outflows of foreign direct investment
$1.56B
2024
n/a
Gross capital formation, % of GDP
30.6%
2022
n/a

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/vatican | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1970–2024, retrieved 2026-04-06)
  2. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  3. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  5. Central Intelligence Agency (CIA) (2019–2025, retrieved 2026-02-20)
  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.