Macro EconomyMedium•17 October 2026•
1 min read
Qatar Revenue Plummets 42% in H1 2026 as Gas Exports Halt
Key Facts
1Qatar's government revenue fell 42% in H1 2026 due to damaged energy infrastructure and the closure of the Strait of Hormuz.
2The first-half budget deficit reached approximately QR31.5 billion, exceeding the full-year projected shortfall of QR21.8 billion.
Qatar's government revenue fell 42% in the first half of 2026 due to damaged energy infrastructure and the closure of the Strait of Hormuz. Reuters reported that QatarEnergy has suspended long-term supply deals with international buyers, warning that repairs to the affected units could take three to five years.
The first-half budget deficit reached approximately QR31.5 billion, exceeding the full-year projected shortfall of QR21.8 billion, according to facts reported by ZeroHedge. Second-quarter revenue alone plunged 57% compared to the previous year following the shutdown of the Ras Laffan gas complex caused by a drone strike in March.