Survey: Qatar best place in the region for jobs, but rising cost of living a concern

Qatar’s residents tend to be more optimistic than the majority of people in the MENA region, a survey conducted by Bayt.com and YouGov has found.

Around half of people surveyed in Qatar said they believe that their own financial situation and that of the country’s will improve over the next 12 months, the May 2012 Middle East Consumer Confidence Index said.

And almost a third (32 percent) said they believe that there are “plenty of jobs available,” compared to the regional average of 12 percent.

But 57 percent said they believed their salaries have not kept pace with the rising cost of living, and nearly half (46 percent) say their compensation is inadequate.

Still, more than half described their job satisfaction as “neutral” or “high.” And 67 percent said the same thing about perceived job security.

One of the most indicators of confidence in the economy is consumer spending. 

Gulf Times reports:

More than a third of residents are expecting to purchase a vehicle in 2012, and more than a quarter are considering investing in the real estate sector. The most popular anticipated purchases in terms of household items are laptop and desktop computers, furniture and LCD or plasma televisions.

The index states the sample size for Qatar was low, which means results could be indicative as opposed to representative of sentiment in the country.

But the figures collected by Bayt.com over the past five years support the sentiment that things are perceived to be better here compared to many countries in the region.

Thoughts?

Credit: Photo by kandyjaxx

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