Fitch Solutions, a subsidiary of the global credit rating agency Fitch, has forecasted that Qatar's economy will experience accelerated growth from 2% in 2024 to 2.6% in 2025, driven by improvements in both the oil and non-oil sectors.

The company raised its growth estimate for the non-oil sector to 3.6%, compared to its previous forecast of 3.2%, based on lower interest rates and initiatives to support the private sector, which are boosting economic activity outside of hydrocarbon industries.

As for the oil sector, the agency expects it to grow by 0.7% in 2025, after contracting by 0.2% in 2024, due to a 1.6% increase in oil and gas production, reflecting a gradual improvement in production levels.

The forecast suggests that the oil sector will gain more momentum starting from 2026 onwards, with an average annual growth rate of 5.6% until 2030, thanks to the commencement of production from the North Field Expansion project, the world’s largest gas development project, which will enhance Qatar's position as one of the leading natural gas suppliers globally.