(MENAFN- Brazil-Arab Information Company (ANBA))
São Paulo – Qatar ‘s Gross Home Product (GDP) is anticipated to develop by 4.3% this 12 months in comparison with 2021. Information was launched in a research by the Brazilian Commerce and Funding Promotion Company ( ApexBrasil ) launched this Tuesday (25).
The components that would drive this state of affairs are the rising value of hydrocarbons, comparable to pure gasoline , escalated by the battle in Ukraine, and the selection of Qatar to host the FIFA World Cup this 12 months, a world occasion to spice up the tourism sector within the Arab nation.
For these causes, the research brings information from corporations comparable to Fitch Options, which identified that the rise in Qatar’s fiscal surplus might go from 0.3% final 12 months to 9.5% in 2022. This state of affairs would permit extra investments and improve the expansion potential of the nation’s economic system.
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Relating to the Arab nation’s whole commerce stability, ApexBrasil identified Qatar’s economic system stays depending on hydrocarbon exports, primarily pure gasoline. Subsequently, one of many focuses of the event plan promoted by the Qatari authorities, Nationwide Imaginative and prescient 2030, is to modernize and diversify the native economic system .
Though Brazil-Qatar bilateral commerce has expanded just lately, its stability has develop into a deficit for Brazil, with common annual progress in imports of 15.3% from 2017 to 2021, whereas Brazilian exports have declined by a median of 9.3% in that interval.
Commerce between the 2 nations can be concentrated in just a few merchandise. For instance, in Brazilian exports, the share of poultry and beef was 55.5% final 12 months. In Qatar’s gross sales to Brazilians, the upper proportion comes from fertilizers and chemical substances, which accounted for 87.7% of income.
Translated by Elúsio Brasileiro
©Karim Jaafar/AFP
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