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How are Qatar's economy, Financial Resources, and Income?

MARKET OF QATAR

The source of foreign exchange earnings in Qatar is oil‎‎ and gas exports, which is the third-largest holder of gas reserves

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The source of foreign exchange earnings in Qatar is oil‎‎ and gas exports, which is the third-largest holder of gas reserves

In general, Qatar's economy is heavily dependent on oil‎‎, which also earns a lot of money through tourism. Gas reserves in Qatar are also estimated for the next 200 years, and it is clear that Qatar can make good use of the South Pars gas region. The country has been able to extract a lot of natural gas in recent years, and this trend has led to Qatar's rapid economic growth.

Estimates show that Qatar has grown by 20% economically. As expected, the 2022 World Cup could be a golden opportunity for Qatar's economy. Qatar is on the list of OPEC oil‎‎-exporting countries. The agricultural situation in Qatar is not well defined, which is the reason for the presence of saline and sandy soil‎‎s in Qatar, which can disrupt the agricultural process. In the economic field, people are mostly engaged in animal husbandry and nomadism. Of course, fishing and pearl fishing in Qatar are also excellent and cover part of the country's economy.

The discovery of oil‎‎ since 1939 has changed Qatar's economy, increasing Qatar's average income and making it one of the richest countries in the world. In this country, the policy of diversification of sources of income caused the dependence on oil‎‎ revenues to decrease from 93% to 83%. 
Although the first oil‎‎ reserves in Qatar were discovered in 1939, production was delayed during World War II. It joined OPEC in 1961. Since the 1970s, there has been a steady trend for agricultural growth in Qatar, with the total number of production farms in the country rising from 338 units in 1975 to 406.

Each of Qatar's cities has an independent impact on the country's economy. The agricultural lands in this country are owned by the government and the owners of these farms have often been indirectly involved in the agricultural process. Most farms in Qatar are run by migrant workers. 

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