The effect of oil and gas to Qatar's economy Research Paper

The effect of oil and gas to Qatar's economy - Research Paper Example s from exporting various products, every industrial giant within these nations consume massive amount of oil in order to maintain smooth functionality in the operations and thus contribute to the overall economic development of the nations. In terms of Qatar’s economic condition and position, recent reports project that the nation experiences a real growth 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 till the year 2013. Observably, the nations is ranked 3rd in terms of gross national savings, 19th in terms of crude oil production and 6th in terms of natural gas production (Central Intelligence Agency, â€Å"The World Factbook† ). By taking into concern the findings of this particular study, the null hypothesis to be tested in this study will be, â€Å"The oil and gas segment has no considerable impact on Qatar’s economy has been validated†. Research Evaluation Technique. The information accumulated from the research work certainly helps in determining the validity of the above-depicted null hypothesis. It can be affirmed that the research question is mainly structured with the intention of understanding that how oil and gas sector being the primary sector in the Qatari economy impose extensive impact specifically on the governments’ revenue earnings, governmental export process, economic liquidity rate and Gross Domestic Product (GDP) of the nation. It would be vital to mention in this similar concern that the above-portrayed null hypothesis has been designed in such a way so that there occurs a high possibility of getting it rejected at the time when the findings of the research are revealed. This literature review section has been formulated completely depending upon the secondary data sources. This method implemented for literature review in this study includes the effective evaluation of the various online journals, reports and government websites.