We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Growth Rate - Consumer Price Index for Qatar - Assignment Example

Comments (0)
Qatar (2008-2012) Consumer Price Index of Qatar for 2001 - 2009 2001 101.4 2002 101.6 2003 104.0 2004 111.1 2005 120.8 2006 135.1 2007 153.7 2008 176.9 2009 139.3 Base Year 2000 = 100 Growth rate for CPI of Qatar for 2005 - 2009 Base Year 2000 = 100 diff. with prev…
Download full paper
Growth Rate - Consumer Price Index for Qatar
Read TextPreview

Extract of sample
Growth Rate - Consumer Price Index for Qatar

Download file to see previous pages... with prev. year (a) Prev. year (b) (a / b)100 2001 1.2 82.7 1.45% inflation 2002 0.2 83.9 0.24% inflation 2003 1.9 84.1 2.26% inflation 2004 5.9 86.0 6.86% inflation 2005 8.1 91.9 8.81% inflation 2006 11.8 100.0 11.8% inflation 2007 15.4 111.8 13.77% inflation 2008 19.2 127.2 15.09% inflation 2009 -7.1 146.4 4.85% deflation 2010 -3.4 139.3 2.44% deflation 2011 2.6 135.9 1.91% inflation ( The World Bank, 2012) Qatar’s economic progress was impressive from 2005 to 2009 in spite of the global recession in the later part of the period. There was a 9 percent real overall GDP (Gross Domestic Product) growth. In the year 2008, GDP growth was 16 percent. This was because of increase in the production level of liquefied natural gas (LNG) and condensates. Also, there was a good development in the nonhydrocarbon sector. All these factors led to continuous price inflation from 2005 to 2009 (IMF Executive Board Concludes 2009 Article IV Consultation with Qatar, 2010). Inflation reached the peak in 2008 with 15 percent. This was the highest inflation rate among all the GCC countries and Qatar which is the wealthiest Arab nation experience such a huge jump in inflation rate because of weakening US dollar. The inflation was also due to other factors like increase in domestic rents, rise in food prices and heavy domestic demand of oil. According to a study conducted by Qatari National Bank (QNB), there was a three-fold increase in consumer prices in Qatar during the years between 2005 and 2009 resulting in average of 8.9 percent. This figure is very high compared to the average during 2000-2004 which was 2.5 percent. The consistent rise of housing costs was the main reason behind the growing inflation from 2005 till 2008 (Kawach, 2010). However, in 2009 Qatar’s economy witnessed a sharp deflation of 4.85 percent. This was due to a sharp decline in the domestic house rents. This decline in domestic house rent occurred in all Gulf Cooperation Council (GCC) countries, but Qatar witnessed the maximum decline. Economic growth was mostly encouraged by the fiscal policy through consistent spending in development sector. However, for this few projects of government were given greater priority. Because of the increase in prices of oil and gas the external current account was approximated a large surplus with almost 15.7 percent of GDP. The gross reserve of central bank was further strengthened to around 5 months of imports of goods and services (IMF Executive Board Concludes 2009 Article IV Consultation with Qatar, 2010). Qatar which is the leading LNG exported in the world faced deflation for the second consecutive year in 2010 with rents declining more than the previous year. According to Saudi American Bank Group (SAMBA) Qatar was deeply entrenched in deflation for two fiscal years although there was speculation of heavy growth in the economy due to increasing LNG exports, rising oil prices and large scale public spending. During the last quarter of 2010, oil and non-oil sectors were speculated for upward trends while construction and real estate industries remained unchanged. SAMBA said “excess supply in the real estate sector continues to put pressure on rents which is being reflected in ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Master Patient Index
Primary key (PK) is the unique identifier through which patients’ data is retrieved. Thus, to each patient who registers with the organization, a unique index or PK is assigned. MPIs and PKs are important because these help in the preparation of reports, decision-making and business planning.
1 Pages(250 words)Assignment
A Report on Qatar Airways
Despite the competitiveness in the air transport in the global market today, Qatar Airways succeeded in penetrating the market, and offering a competitive approach that has ensured leadership in the market today. Oxford Business Group (2008, 142) explains that Qatar Airways in 2007 celebrated its 10th anniversary since its launching, and has recorded the most remarkable growth leading globally.
4 Pages(1000 words)Assignment
Country Report
UK, the third largest economy in the Europe (Simeon, 2012, p.203) continues to struggle to come out from the economic slowdown, with the prospects for swift growth hampered by the ongoing European sovereign debt crisis, and significant structural reforms are still desirable (United Kingdom, 2013).
6 Pages(1500 words)Assignment
Qatar Airways
The airline is continuously undergoing growth and expansion into newer destinations. With the marketing objective to enhance its brand image and brand preference in the underserved markets, an analysis of the macro- and micro-environment has been conducted.
20 Pages(5000 words)Assignment
Impact of the Global Financial Crisis of 2007/2008 on the Qatari Economy
This report discusses the impact of the global financial crisis in Qatar. The case study is reflected in comparison with the situation in other countries in the same region. The financial crisis is evaluated in the light of statistics and results. Many financial indicators are discussed which highlight the effects of the chaos in international market.
9 Pages(2250 words)Assignment
The Litre of Milk Index
It is clear from the table that the actual exchange traded currency valuation are different from the one found through the milk index. Purchasing power parity angle bring exchange of currencies at the different level. This philosophy
2 Pages(500 words)Assignment
Consumer Price Index
Inflation on the other hand can be simply defined as the general and persistent increase in price level over a particular period of time. As
3 Pages(750 words)Essay
Full price activity changes with hourly wage rate and the different between income and substitution effects
This can be determined by U = U ( Z1, Z2, ….Zn). Every good produced and used up within the household results from combining time and purchased inputs, according to Becker. The element of wage rate is vital here.
7 Pages(1750 words)Assignment
The massive investments in the liquefied gas production capacity and increases in the gas production of the past few years have been the main economic drivers of Qatar’s rapid
3 Pages(750 words)Assignment
The following is an investigation into the real reasons why the American society is becoming obese (Watson & Wu, 1996). Any American can attest to the fact that there is increased food availability all over the country. Anywhere you go people are having snacks or having
2 Pages(500 words)Assignment
Let us find you another Assignment on topic Growth Rate - Consumer Price Index for Qatar for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us