Number of banks reached 16.0 banks in 2019 in Qatar, according to the National Central Bank. This is 5.88 % less than in the previous year.
Historically, number of banks in Qatar reached an all time high of 17.0 banks in 2009 and an all time low of banks in. When compared to Qatar's main peers, number of banks in Saudi Arabia amounted to 25.0 banks and 59.0 banks in United Arab Emirates in 2019.
Qatar has been ranked 91st within the group of 140 countries we follow in terms of number of banks, 16 places above the position seen 10 years ago.