The World Cup has already started in Qatar and unlike other cups the place geographically and weather conditions in the host country changed the calendar of events. Well, a question that cannot be silenced is: “How can a country that practically lives in a desert be so rich?”. To answer that question, check out the top revenue streams in the country here. Qatar🇧🇷
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General information about Qatar
The country in Western Asia, on a peninsula on the Persian Gulf, living in a regime of absolute monarchy, has one great feature that explains the wealth of this country. In a list of GDP per capita, Qatar is the fourth richest country in the world at $112,789 per capita. And they’ve been on the top 10 list for 10 years.
source of wealth
The country’s main source of income is the extraction and export of oil, this source was first discovered in 1939, according to a World Bank report, Qatar has the largest reserves in the world. Another source of wealth that is also associated with oil production is the production of natural gas.
According to the World Bank report, Qatar benefits from its large oil and natural gas reserves and small population. These two factors enabled the country’s economic boom, which is also known for its luxurious cities.
Other recipes from Qatar
To try to diversify Qatar’s economy, the country’s government is working on tourism development and promoting the country at international conferences such as the World Cup, where the country hopes local tourism will grow after the event.