🇶🇦 Qatar
Public Sector Debt · 2026
Total Debt
56.3%
of GDP
Global Rank
#103
of 192
S&P Rating
AA
Credit rating
SOE Debt
+17.5%
3 categories
Sovereign Wealth
204%
of GDP in SWF assets
Where the Debt Sits
Central Government
Energy SOEs
Central Government: 38.5%Subnational: 0.3%Energy SOEs: 8.0%Infrastructure: 6.5%Public Corps: 3.0%
Who Holds This Debt
Holder Breakdown
Domestic 50%
Foreign 50%
Domestic: 50%Foreign: 50%
Currency Denomination
Local 40%
Foreign 60%
Local currency: 40%Foreign currency: 60%
Full Debt Breakdown
Central Government38.5% of GDP
Central GovernmentIMF WEO — General Government Debt
38.5%Subnational / Regional0.3% of GDP
SubnationalIMF WEO — General Government Debt
0.3%Energy SOEs8.0% of GDP
QatarEnergyQatarEnergy financials 2023 / cbonds.comRecord $12.5B bond in 2021 for North Field LNG; est. total debt ~$19B
8.0%Infrastructure SOEs6.5% of GDP
Qatar AirwaysQatar Airways Annual Report 2023-24Fleet financing and leases; record $1.7B profit FY2024
4.0%Ooredoo Group (68% state-owned)Ooredoo Annual Report 2024Major telecom across MENA/SE Asia
2.5%Public Corporations3.0% of GDP
Qatari Diar & other QIA vehiclesIMF Article IV / QIAReal estate and investment vehicles under QIA
3.0%Total Corporate Debt90.3% of GDP
NF corporate debt (est.)WB WDI 2020
90.3%Household Debt48.6% of GDP
Household debt (est.)WB WDI 2020
48.6%Unfunded Pension Liabilities15.0% of GDP
GRSIA pension for nationals (est.)ISSA Qatar; IMF Art IV 2024~380K citizens. QIA wealth far exceeds pension obligations.
15.0%State Bank Liabilities15.0% of GDP
QNB Group (50% state-owned)QNB FY2024 Financial ResultsTotal assets $357B; applying 50% ownership share to non-deposit borrowings
15.0%All Layers Total225.2%
Credit Ratings
S&P
AA
Moody's
Aa2
Fitch
AA-
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202638.8% GDP
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