The state of Qatar is living in a state of denial following the trauma of the Arab boycott. The first of these shocks was the massive economic decline following the boycott and the termination of the joint economic agreements between Doha and Arab States. In this regard, data released by Qatar National Bank revealed the size of economic losses that hit Doha in the recent period. 

The figures showed the rise in foreign and internal debts, decline in investments, as well as the increase in the Qatari citizen's share of government debt (debt to GDP ratio).

Qatar National Bank's data revealed that the value of internal and external debt increased to more than $150 billion by the end of July. The figures also increased significantly during the last year with the internal claims of Qatari banks on the government of Doha and its institutions which amounted to about $130 billion.

According to experts, Doha will have to resort to debt markets to meet its commitments to support the Turkish economy and investments in Germany, increasing government debt, which already devours about 70 percent of Qatar's GDP.