Interpreting Middle East Economic News and Analyzing Market Trends

Salaries in Qatar rise 20% in 15 months

Qatar is Booming

The good times continue in Qatar as average salaries increase by 20% over the past 15 months.  Unemployment among Qataris is extremely low and a vast majority of them, who make up only 10% of the workforce, prefer working for the government.

 

Thanks to Qatar’s rising wealth, the average monthly salary has gone up by more than 20 percent in the past 15 months. The average was QR10,000 ($2,746) for men in the second quarter of this year and QR8,000 ($2,197) for women, figures released yesterday by the Ministry of Development Planning and Statistics show.

Qataris constituted barely 10 percent of the 1.7 million people in working age groups in the second quarter of 2013. The total population in working age groups was 1.7 million.

Read the full story from Zawya.

 

In 2011, the Qatari government agreed to raise wages for public sector employees by 60% and by 120% for those in the military.  It’s no wonder then that:

 

More than 70 percent of jobless Qataris refuse to work in the private sector, according to a new survey. The Government second-quarter labour force sample survey found the reluctance to work for private companies was despite a government push that included quotas for employers to meet, the Penninsula reported.

Of the 1,332 jobless Qataris surveyed it found only 334, or 74.9 percent, were keen to take up jobs in the private sector. Women were most against taking up a private job with 738, or 76.4 percent, of the 966 women surveyed rejecting the idea. Of the 366 Qatari men surveyed, 71 percent, or 260, opposed working in the private sector.

Read the story from Qatar is Booming.

 

The massive salary increases of 2011 were aimed at calming any revolutionary thoughts within the country during the height of the Arab Spring.  Even though the military received a 120% salary increase, this still did not stop a reported coup attempt in 2012.  These thoughts may have finally been tamed after Emir Hamad Al-Thani stepped down and handed power over to his son last June.