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Home Working in Qatar Why Qatar has one of the World's Lowest Unemployment Rates
World’s Lowest
Unemployment Rates
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25/01/2022, 02:41 Why Qatar has one of the World's Lowest Unemployment Rates · Qatar OFW
According to the most recent data, Qatar has one of the lowest
unemployment rates in the world. In fact, the CIA World Factbook
places Qatar as the country with the third lowest unemployment
rate in the world, after Cocos Islands and Cambodia. Moreover,
the country continues to display a downward trend since at least
the early nineties, and projections show positive signs that this
trend will continue.
It comes as no surprise that this tiny and wealthy nation will have
such a low unemployment rate. For one, Qatar is guided by its
National Vision 2030, which emphasizes the need to have a
strong workforce that is not only skilled and capable, but also
adheres to a commitment to the ethics of business. The vision
also promotes the creation of novel jobs and the inclusion of as
many different skilled workers into a variety of jobs as possible.
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The fact that workers in Qatar receive high pay and high rewards
for work makes the country even more conducive to having a
career. In fact, various studies show that Qatar will soon become
the highest paying country among the Gulf Cooperation Council
countries. Aside from the high salaries that workers enjoy, they
don’t even have to pay tax, and if some do, they only pay very
little. Personal income tax rate is zero percent.
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