Selected Issues Papers

2022 FIFA World Cup: Economic Impact on Qatar and Regional Spillovers

Author/Editor:

Aidyn Bibolov ; Ken Miyajima ; Sidra Rehman ; Tongfang Yuan

Publication Date:

February 21, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Qatar hosted the 2022 FIFA World Cup (WC) successfully and took the opportunity to further develop its non-hydrocarbon economy. Near-term contributions to Qatar’s economy, from visitors’ spending and WC-related broadcasting revenue, of up to 1 percent of GDP was comparable to cross-country experiences. The event generated positive regional economic spillovers as a sizeable share of spectators stayed in and commuted from neighboring GCC countries. Longer-term contributions were significant—the large investment in general infrastructure ahead of the WC drove much of the non-hydrocarbon sector’s growth in the past decade. The high-quality infrastructure and global visibility brought by the WC should be leveraged to further promote diversification and achieve the National Vision 2030.

Series:

Selected Issues Paper No. 2024/011

Subject:

Capital spending Economic sectors Expenditure Financial sector policy and analysis International organization Monetary policy Production Production growth Public investment spending Spillovers Tourism

Frequency:

Regular