Qatar’s economy is set for a sharp acceleration, with growth expected to rise from 2.4% in 2025 to an average of 6.5% in 2026–2027, according to the World Bank’s latest Gulf Economic Update.

The surge will be largely driven by the North Field expansion, which is expected to boost Qatar’s liquefied natural gas (LNG) output by 40%, significantly strengthening the hydrocarbon sector’s performance.

While hydrocarbon growth is projected to remain modest at 0.9% in 2025, the World Bank anticipates a major upturn once the additional LNG capacity comes online, reinforcing Qatar’s global leadership in energy exports.

At the same time, non-energy sectors such as education, tourism, and services continue to gain momentum, supported by infrastructure investment and international collaboration, key pillars of the country’s diversification strategy.

Across the Gulf, GDP is forecast to grow by 3.2% in 2025 and 4.5% in 2026, with non-oil growth driven by structural reforms and private sector expansion. Regional growth rebounded to 1.7% in 2024, up from just 0.3% the previous year.

Despite the optimistic outlook, the World Bank warned of lingering risks from global trade disruptions and potential slowdowns in major economies. It stressed the need for Gulf countries to focus on economic transformation, innovation, and youth employment.

“The resilience of GCC countries in navigating global uncertainties while advancing economic diversification underscores their strong commitment to long-term prosperity,” said Safaa El Tayeb El-Kogali, World Bank Director for the GCC. “Strategic fiscal policies, targeted investments, and a strong focus on innovation and entrepreneurship are essential to sustaining growth and stability.”