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2022 FIFA World Cup: Economic Impact on Qatar and Regional Spillovers
Author:
Aidyn Bibolov
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,
Ken Miyajima
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,
Sidra Rehman
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, and
Tongfang Yuan
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Series:
Selected Issues Papers
Volume/Issue:
Volume 2024: Issue 011
Language:
English
Publication Date:
21 Feb 2024
DOI:
https://doi.org/10.5089/9798400267864.018
ISBN:
9798400267864
ISSN:
2958-7875
Pages:
13
Keywords:
Economic diversification; economic transformation; Qatar; structural reform; FIFA World Cup; broadcasting revenue; Qatar's economy; WC spectator; World Cup broadcasting right; Public investment spending; Capital spending; Production growth; Spillovers; Tourism; Global; Asia and Pacific
Legal-disclaimer:
IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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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.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund