An investigation in to the effect of oil and gas to Qatar's economy Essay

An investigation in to the effect of oil and gas to Qatars preservation - Essay ExampleApart from earning substantial revenues from exporting various products, every industrial giant inwardly these nations consume 25 barrels of oil per person annually in order to maintain smooth out functionality in the operations and thus contribute to the overall economic development of the nations (The World Bank 103). In terms of Qatars economic condition and position, recent reports project that the nation experiences a real maturement rate of about 5.5 % and is ranked 44th position in terms of world ranking. The per capita income of this nation was $102,100 in terms of world ranking until the year 2013. Observably, the nations is ranked 3rd in terms of gross field of study savings, 19th in terms of crude oil production and 6th in terms of inbred gas production (Central Intelligence Agency, The World Factbook ).By taking into concern the findings of this particular study, the null dead re ckoning to be tested in this study will be, The oil and gas industry has no considerable impact on Qatars deliverance has been validated. This claim has been validated from the perspective of Qatars officials who provided the causation behind the lack of impact on that countrys parsimoniousness. Although oil comprises 58% of Qatars economy as well as 59% of that countrys exports as of 2012, the officials maintained that the countrys growth would slow to 5% during the 2014 financial year. The economy would not realize considerable impact because Qatars exports are expected to go down as the country plans to invest heavily on its cornerstone as it prepares for 2022 World Cup tournaments (Bakr and Dokoupil).The information accumulated from the research work certainly helps in find out the validity of the above-depicted null hypothesis. It can be affirmed that the research question is mainly structured with the objective of understanding that how oil and gas sector being the prim ary sector in the Qatari economy impose extensive impact specifically on the