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United Arab Emirates

Headline economic indicators for United Arab Emirates, with the most recent official readings.

Prices

Prices — United Arab Emirates
Indicator Value Change
Inflation rate · 1.3% -0.41 (-24.8%)
Consumer price index · 123.7 +1.53 (+1.3%)
GDP deflator inflation · 1.6% +3.65 (+180.5%)

GDP

GDP — United Arab Emirates
Indicator Value Change
GDP growth rate · 4.0% -0.31 (-7.2%)
GDP per capita · 50,273.51 +422.82 (+0.8%)
GDP per capita, long-run history · 77,204 +4,744 (+6.5%)
GDP · 552,324,919,095.87 +29,702,650,695 (+5.7%)
GDP, PPP · 871,702,497,011 +53,765,246,581 (+6.6%)
GDP per capita, PPP · 79,344 +1,324 (+1.7%)
GDP per capita growth · -0.8% -1.00 (-426.9%)
GNI per capita · 51,550 +450.00 (+0.9%)
Agriculture to GDP · 0.8% +0.01 (+0.7%)
Industry to GDP · 44.3% -1.07 (-2.4%)
Manufacturing to GDP · 9.4% -0.08 (-0.9%)
Services to GDP · 54.9% +1.07 (+2.0%)
Household consumption to GDP · 44.9% +3.42 (+8.3%)
Gross capital formation to GDP · 26.6% +0.58 (+2.2%)
Gross savings to GDP · 33.3% unchanged

Labour

Labour — United Arab Emirates
Indicator Value Change
Unemployment rate · 2.2% +0.01 (+0.6%)
Labour force participation rate · 78.6% +0.11 (+0.1%)
Female labour force participation rate · 53.0% +0.51 (+1.0%)
Youth unemployment rate · 6.5% +0.03 (+0.4%)
Employment to population ratio · 76.9% +0.10 (+0.1%)
Employment in agriculture · 1.4% -0.04 (-2.7%)
Employment in industry · 30.6% +0.02 (+0.1%)
Employment in services · 68.0% +0.02 (+0.0%)

Money

Money — United Arab Emirates
Indicator Value Change
Real effective exchange rate (monthly) · 101.4 +0.09 (+0.1%)
Nominal effective exchange rate (monthly) · 108.6 +0.05 (+0.0%)
Broad money to GDP · 114.1% +8.74 (+8.3%)
Private sector credit to GDP · 65.5% -10.71 (-14.1%)
Stock market capitalization to GDP · 190.9% +0.63 (+0.3%)
Bank nonperforming loans · 4.1% -1.17 (-22.1%)
Official exchange rate · 3.67 +0.00 (+0.0%)

Trade

Trade — United Arab Emirates
Indicator Value Change
Current account to GDP · 15.7% +1.80 (+12.9%)
Exports to GDP · 106.8% +4.79 (+4.7%)
Imports to GDP · 92.2% +8.51 (+10.2%)
Trade to GDP · 199.0% +13.30 (+7.2%)
Exports of goods and services · 558,401,633,764.47 +36,504,288,632 (+7.0%)
Imports of goods and services · 481,851,599,727.71 +53,859,768,550 (+12.6%)
Trade balance, goods and services (annual) · 123,049,748,127.98 -7,998,230,088 (-6.1%)
Current account balance (annual) · 81,748,590,878.15 -5,110,415,248 (-5.9%)
Foreign direct investment to GDP · 8.3% +2.39 (+40.6%)
Total reserves, including gold · 292,319,262,021.32 +54,387,922,076 (+22.9%)
Reserves in months of imports · 5.2 +0.06 (+1.1%)

Government

Government — United Arab Emirates
Indicator Value Change
Government debt to GDP · 1.8% unchanged
Government revenue to GDP · 3.0% -0.65 (-17.6%)
Government expense to GDP · 3.8% -0.04 (-1.1%)
Tax revenue to GDP · 0.6% +0.03 (+5.0%)
Government budget balance to GDP · 0.4% -0.36 (-48.0%)
Government consumption to GDP · 12.2% -0.22 (-1.7%)
Education spending to GDP · 3.9% -0.09 (-2.3%)
Health spending to GDP · 5.0% +0.41 (+8.9%)

Demography

Demography — United Arab Emirates
Indicator Value Change
Population · 11,513,149 +526,749 (+4.8%)
Population, long-run history · 10,099 +81.28 (+0.8%)
Population growth · 4.7% +0.00 (+0.0%)
Life expectancy · 83.1 +0.16 (+0.2%)
Fertility rate · 1.21 +0.01 (+1.1%)
Birth rate · 9.8 +0.05 (+0.5%)
Death rate · 1.0 +0.04 (+4.3%)
Urban population share · 86.0% +0.14 (+0.2%)
Population aged 65 and over · 1.8% +0.03 (+1.4%)
Under-five mortality rate · 4.8 -0.20 (-4.0%)
Population density · 154.7 +7.08 (+4.8%)
Net migration · 158,634 -119,805 (-43.0%)
Gini index · 26.4 -6.10 (-18.8%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for United Arab Emirates; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.