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Economy of Qatar vs Venezuela compared: GDP & Debt

Updated on by Georank

Qatar has a GDP of $216B compared to $99.7B for Venezuela, ranking 56/197 and 78/197 by economy size, respectively.

Qatar has $89.2B in government debt (41.4% of GDP), compared to $308B (309% of GDP) in Venezuela.

Qatar vs Venezuela GDP by year

Qatar
Venezuela
1x
Year GDP, current $
Qatar Venezuela
2025 $215,559,615,385 $99,661,244,156
2024 $216,294,505,495 $120,566,112,397
2023 $213,002,809,341 $102,377,501,186
2022 $235,709,325,714 $89,013,251,021
2021 $179,732,009,560 $56,615,026,263
2020 $144,411,363,352 $42,837,965,907
2019 $176,371,267,692 $73,014,157,108
2018 $183,334,953,819 $101,987,075,929
2017 $161,099,122,225 $115,892,475,743
2016 $151,732,181,868 $112,948,035,495
2015 $161,739,955,577 $125,249,941,854
2014 $206,224,598,571 $214,838,755,022
2013 $198,727,642,967 $258,512,396,298
2012 $186,833,502,363 $371,846,610,182
2011 $167,775,274,725 $316,482,190,800
2010 $125,122,252,747 $393,192,354,511
2009 $97,798,351,648 $329,787,628,928
2008 $115,269,780,220 $315,953,388,511
2007 $79,711,813,187 $230,364,012,576
2006 $60,882,142,857 $183,477,522,124
2005 $44,530,494,505 $145,513,489,652
2004 $31,734,065,934 $112,451,400,425
2003 $23,533,791,209 $83,620,628,582
2002 $19,363,736,264 $92,893,587,734
2001 $17,538,461,538 $122,911,036,747
2000 $17,759,890,110 $117,146,466,003
1999 $12,393,131,868 $97,972,842,462
1998 $10,255,494,505 $91,336,763,255
1997 $11,297,802,198 $85,837,678,560
1996 $9,059,340,659 $70,543,211,119
1995 $8,137,912,088 $77,389,487,770
1994 $7,374,450,549 $58,418,666,667
1993 $7,156,593,407 $60,037,460,783
1992 $7,646,153,846 $60,416,519,620
1991 $6,883,516,484 $53,453,444,787
1990 $7,360,439,560 $48,606,952,195
1989 $6,487,912,088 $43,536,709,104
1988 $6,038,186,813 $60,226,413,793
1987 $5,446,428,571 $48,029,034,483
1986 $5,053,021,978 $60,516,123,711
1985 $6,153,296,703 $61,965,466,667
1984 $6,870,329,670 $59,867,743,468
1983 $6,484,890,110 $67,556,279,070
1982 $7,611,263,736 $67,736,744,186
1981 $8,672,527,473 $66,327,441,860
1980 $7,837,915,956 $59,116,511,628
1979 $5,632,962,997 $48,310,930,233
1978 $4,052,000,413 $39,316,279,070
1977 $3,617,564,638 $36,210,697,674
1976 $3,284,273,987 $31,419,534,884
1975 $2,512,773,166 $27,464,651,163
1974 $2,401,403,227 $26,100,930,233
1973 $793,885,560 $17,035,581,395
1972 $510,262,500 $13,977,727,273
1971 $387,703,106 $12,986,590,909
1970 $301,791,302 $11,561,111,111
1969 - $10,285,111,111
1968 - $10,034,444,444
1967 - $9,250,000,000
1966 - $8,781,333,333
1965 - $8,427,777,778
1964 - $8,192,413,793
1963 - $9,608,717,288
1962 - $8,814,309,884
1961 - $8,067,267,031
1960 - $7,663,938,303

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Qatar vs Venezuela by year

Qatar
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Qatar Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $72,525 - $3,495 -
2024 $75,685 $126,046 $4,244 -
2023 $80,196 $129,368 $3,617 -
2022 $88,701 $122,921 $3,155 -
2021 $71,752 $116,833 $2,005 -
2020 $51,684 $82,149 $1,506 -
2019 $66,841 $107,503 $2,523 -
2018 $71,040 $110,033 $3,422 -
2017 $63,280 $99,358 $3,792 -
2016 $61,254 $89,935 $3,671 -
2015 $68,985 $102,546 $4,097 -
2014 $95,841 $148,389 $7,101 -
2013 $103,697 $169,203 $8,642 -
2012 $108,470 $180,939 $12,582 -
2011 $103,262 $174,620 $10,844 $21,241
2010 $77,387 $151,646 $13,646 $20,236
2009 $60,786 $125,898 $11,597 $20,562
2008 $80,781 $126,015 $11,262 $21,402
2007 $65,954 $124,056 $8,332 $20,236
2006 $62,582 $127,181 $6,739 $18,399
2005 $53,950 $115,250 $5,432 $16,511
2004 $41,036 $110,958 $4,269 $14,757
2003 $31,602 $94,120 $3,230 $12,359
2002 $27,227 $93,177 $3,652 $13,375
2001 $25,871 $89,805 $4,920 $14,714
2000 $27,535 $88,849 $4,776 $14,174
1999 $20,234 $84,690 $4,071 $13,623
1998 $17,665 $84,486 $3,870 $14,568
1997 $20,523 $79,219 $3,711 $14,655
1996 $17,125 $62,331 $3,113 $13,824
1995 $15,823 $60,321 $3,487 $13,890
1994 $14,765 $59,415 $2,689 $13,370
1993 $14,770 $59,125 $2,825 $13,702
1992 $16,280 $60,387 $2,907 $13,652
1991 $15,133 $54,759 $2,633 $12,880
1990 $16,722 $55,659 $2,452 $11,628
1989 $15,243 - $2,250 -
1988 $14,682 - $3,191 -
1987 $13,719 - $2,611 -
1986 $13,213 - $3,376 -
1985 $16,815 - $3,549 -
1984 $19,749 - $3,520 -
1983 $19,669 - $4,079 -
1982 $24,431 - $4,202 -
1981 $29,543 - $4,228 -
1980 $28,407 - $3,874 -
1979 $21,777 - $3,257 -
1978 $16,757 - $2,727 -
1977 $16,058 - $2,585 -
1976 $15,710 - $2,309 -
1975 $13,014 - $2,078 -
1974 $13,540 - $2,034 -
1973 $4,905 - $1,367 -
1972 $3,483 - $1,155 -
1971 $2,952 - $1,106 -
1970 $2,594 - $1,015 -
1969 - - $932 -
1968 - - $938 -
1967 - - $893 -
1966 - - $876 -
1965 - - $869 -
1964 - - $874 -
1963 - - $1,060 -
1962 - - $1,007 -
1961 - - $954 -
1960 - - $939 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Qatar's GDP per capita is $72,525, ranking 13/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Qatar ranks 5th at $126,046, while Venezuela ranks 93rd at $21,241.

Economic indicators

Qatar Venezuela
Gross domestic product
$216B
2025
$99.7B
2025
GDP rank
56/197
2025
78/197
2025
GDP growth
2.9%
2024-2025
1.57%
2024-2025
GDP per capita
$72,525
2025
$3,495
2025
GDP per capita rank
13/197
2025
138/197
2025
GDP per capita, PPP
$126,046
2024
$21,241
2011
GDP per capita PPP rank
5/197
2024
93/197
2011
Government debt
$89.2B
2025
$308B
2025
Debt-to-GDP ratio
41.4%
2025
309%
2025
Government debt per person
$30,009
2025
$10,790
2025
Government debt per person rank
24/185
2025
58/185
2025
Average annual personal income after taxes
$37,042
2026
$2,659
2026
Market capitalization of domestic companies
$177B
2025
$3.98B
2002
Number of millionaires
30,000
2026
n/a
Number of billionaires
2
2026
1
2026
Income share by richest 10%
25.8%
2017
33.2%
2006
Income share by poorest 10%
2.6%
2017
1.2%
2006
Government expenditure, % of GDP
27.1%
2025
20.3%
2025
Consumer prices inflation
0.6%
2024-2025
252%
2024-2025
Central bank interest rate
4.1%
2025
58.9%
2026
Unemployment rate
0.1%
2024
7.53%
2020
Population
3058826
28692435

Spending and national debt comparison by year

Qatar
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Qatar Venezuela
Government spending Government debt Government spending Government debt
2025 27.1% 41.4% 20.3% 309%
2024 26% 41.3% 17.5% 169.1%
2023 26.7% 42.8% 13.1% 138.5%
2022 24.3% 42.6% 15.1% 164.4%
2021 29.4% 58.4% 13.1% 254.2%
2020 34.7% 72.6% 11.2% 337%
2019 32.5% 62.1% 21% 206%
2018 28.9% 52.2% 37.9% 175.3%
2017 34.7% 51.6% 21.8% 133.6%
2016 40.1% 46.7% 19.7% 138.4%
2015 38.6% 35.5% 22.9% 129.8%
2014 32.3% 24.9% 31.6% 84.9%
2013 28.3% 30.9% 36.5% 85.4%
2012 31% 32.1% 38% 58.4%
2011 28.5% 33.5% 39.4% 52.5%
2010 32% 30.4% 31.1% 37.7%
2009 36.4% 36% 33.3% 27.6%
2008 23.5% 11.4% 34.9% 20.3%
2007 29.5% 9.37% 35.9% 26.4%
2006 29.5% 13.9% 39.3% 25.7%
2005 29% 19.1% 33.5% 34.9%
2004 29.9% 30.1% 31.9% 41.8%
2003 28.5% 38.8% 32.2% 56%
2002 31.6% 47.7% 31% 48.2%
2001 32.1% 59.2% 31.9% 30.7%
2000 29.8% 51.6% 28.3% 27.7%
1999 42.4% 81.8% 26.1% 29.6%
1998 55.1% 76.6% 28.8% 30.7%
1997 47.6% 54.4% 31% 34.8%
1996 55.2% 57.8% 27.7% 45.9%
1995 52.2% 50.2% 32.9% 45.9%
1994 59.8% 54.8% 42.2% 63.9%
1993 62.8% 46.3% 27.7% 57.7%
1992 54.2% 19.9% 30.6% 54.8%
1991 57.5% 21.8% 33.9% 62.2%
1990 50% 12.6% 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

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

In 2025, Qatar's government spending was $58.4B, accounting for 27.1% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 41.4% in Qatar and 309% in Venezuela, ranking 127/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Qatar

Venezuela
1x
Year Deficit/surplus, % of GDP
Qatar Venezuela
2025 -1% -5.84%
2024 0.71% -3.67%
2023 5.51% -1.25%
2022 10.4% -5.29%
2021 0.24% -5.85%
2020 -2.13% -6.63%
2019 1% -10.9%
2018 2.26% -31%
2017 -6.82% -13.3%
2016 -9.2% -8.46%
2015 18.4% -8.06%
2014 13.4% -9.81%
2013 19.3% -10.4%
2012 8.55% -9.86%
2011 5.24% -8.24%
2010 4.6% -4.74%
2009 14.1% -8.69%
2008 9.49% -3.46%
2007 10.3% -2.82%
2006 8.39% -1.6%
2005 9.8% 4.09%
2004 17.7% 2.47%
2003 6.71% 0.17%
2002 7.89% -1.48%
2001 4.48% -4.59%
2000 4.62% 4.45%
1999 -4.35% 0.74%
1998 -7% -4.49%
1997 -9.4% 2.58%
1996 -8.73% 7.94%
1995 -5.78% -5.86%
1994 -11.8% -11.2%
1993 -9.53% -2.92%
1992 -2.74% -6.37%
1991 -2.57% -2.28%
1990 3.23% 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-07-08).

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

In 2025, Qatar's government deficit, the difference between spending and revenue, was $2.16B, equivalent to 1% of GDP. This compares to Venezuela's deficit of $5.82B, or 5.84% of GDP.

Over the past 36 years, Qatar recorded a fiscal deficit in 13 of those years, while Venezuela ran a deficit in 28 years. On average, Qatar posted an annual surplus equal to 2.92% of GDP, compared to deficit of 4.8% of GDP for Venezuela.

Inflation comparison by year

Inflation
Qatar

Venezuela
1x
Year Consumer prices inflation
Qatar Venezuela
2025 0.6% 252%
2024 1.2% 49.4%
2023 3.1% 338%
2022 5% 186.5%
2021 2.3% 1,589%
2020 -2.5% 2,355%
2019 -0.9% 19,906%
2018 0.1% 65,374%
2017 0.6% 438%
2016 2.7% 254.9%
2015 0.9% 121.7%
2014 4.2% 62.2%
2013 3.1% 40.6%
2012 1.8% 21.1%
2011 2% 26.1%
2010 -2.4% 28.2%
2009 -4.9% 26%
2008 15.1% 31.4%
2007 13.7% 18.7%
2006 11.7% 13.7%
2005 9% 16%
2004 6.8% 21.7%
2003 2.3% 31.1%
2002 0.2% 22.4%
2001 1.7% 12.5%
2000 1.6% 16.2%
1999 2.2% 23.6%
1998 2.9% 35.8%
1997 2.7% 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Qatar has recorded an average annual inflation rate of 2.99%, compared with 3,150% in Venezuela. In 2025, inflation was 0.6% in Qatar and 252% in Venezuela.

Top exports between countries

Qatar
Export category Export value
Chemicals & pharma $886K
Machinery & equipment $448K
Venezuela
Export category Export value

Balance of trade

Qatar Venezuela
Current account balance
$31.9B
2025
-$3.87B
2016
Current account balance ranking
17/190
2025
155/190
2016
Current account balance, % of GDP
+14.8%
2025
-3.43%
2016
Goods imports
$34.3B
2025
$16.3B
2016
Goods exports
$90B
2025
$27.4B
2016
Service imports
$31.3B
2025
$9.47B
2016
Service exports
$24.4B
2025
$1.28B
2016
Imports of goods and services, % of GDP
31.6%
2022
10.1%
2025
Exports of goods and services, % of GDP
68.6%
2022
14.9%
2025

Economic freedom indices

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

Qatar Venezuela
Economic freedom 70.2 27.3
Economic freedom ranking 37/197 194/197
Property rights 66.2 0
Government integrity 53.5 6.9
Judicial effectiveness 41.5 5.1
Tax burden 99.9 73.4
Government spending 79.9 93
Fiscal health 96.6 29.1
Business freedom 68 31.1
Labor freedom 58.5 35.5
Monetary freedom 76 0
Trade freedom 81.8 43.2
Investment freedom 60 0
Financial freedom 60 10

Economic freedom comparison by year

Qatar
Venezuela
1x
Year Economic freedom index
Qatar Venezuela
2026 70.2 27.3
2025 70.2 27.6
2024 68.8 28.1
2023 68.6 25.8
2022 67.7 24.8
2021 72 24.7
2020 72.3 25.2
2019 72.6 25.9
2018 72.6 25.2
2017 73.1 27
2016 70.7 33.7
2015 70.8 34.3
2014 71.2 36.3
2013 71.3 36.1
2012 71.3 38.1
2011 70.5 37.6
2010 69 37.1
2009 65.8 39.9
2008 62.2 44.7
2007 62.9 47.9
2006 62.4 44.6
2005 63.5 45.2
2004 66.5 46.7
2003 65.9 54.8
2002 61.9 54.7
2001 60 54.6
2000 62 57.4
1999 62 56.1
1998 - 54
1997 - 52.8
1996 - 54.5
1995 - 59.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Qatar is 70.2, ranking 37/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Qatar Venezuela
Services, % of GDP
47%
2025
51.7%
2014
Industry, % of GDP
57%
2025
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
0.31%
2025
5.03%
2014
GNI, Atlas method
$221B
2025
$110B
2025
GNI per capita, PPP
$126,290
2025
$20,840
2011
Total reserves including gold
$55.8B
2025
$9.79B
2017
Total reserves ranking
45/177
2025
80/177
2017
Net foreign direct investment
$311M
2025
-$27M
2016
Net inflows of foreign direct investment
$460M
2024
$1.63B
2024
Net outflows of foreign direct investment
$1.56B
2024
$2.6B
2024
Poverty at national poverty lines n/a
33.1%
2015
Gross capital formation, % of GDP
30.6%
2022
5.93%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.