Qatar’s Ministry of Development Planning and Statistics has decided to undertake a set of annual surveys to keep track of different economic indicators and progress across various sectors of the Qatari economy.
The surveys are aimed at providing accurate data for the year 2012 on different parameters such as; nationality, gender, occupations and wages, value of production and intermediate inputs of goods and services, and assets in the Gulf state economy. By gaining a better understanding of the figures, the government should be able to make sound economic decisions and estimate the value added by all economic activities in the country.
All small and large establishments, whether private or public, will form part of the surveys. The economic activity in the country will be broadly classified into activities of mining, manufacturing, electricity and water, construction, trade, hotels and restaurants, transport and communications, banks and insurance and business services, and social and personal services.
The figures will prove to be useful for the Economic Statistics and National Accounts Department in estimating Qatar’s gross domestic product (GDP) for the year 2012.
According to initial details, about 200 field researchers will participate to gather data for the surveys. To ensure effectiveness of the surveys and develop research knowledge of these field workers, the Ministry of Development Planning & Statistics has conducted training sessions for researchers. These sessions focused on various technical aspects of the relevant questionnaires and survey methodologies.
In recent years, Qatar has made significant progress in the global finance and trade arena. A global survey has ranked Qatar as one of the top investment destinations in the Middle East and North Africa (MENA) region. It was voted as a favorite investment destination, due to a stable business and political climate. The economic survey will also cover the status and progress made by the different economic sectors and market segments of the Qatari economy and highlight their investment potential for foreign investors.