Economy of United Arab Emirates
Population: 9.63 M (2018)
GDP per Capita: 43,005 USD (2018)
414,180 M.

GDP USD

(2018)

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388,750 M.

EXPORTS USD

(2018)

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281,550 M.

IMPORTS USD

(2018)

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20.00 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.73 % (2018)
GDP of 2010 USD USD 392.80 B. (2018)
GDP Current USD USD 414.18 B. (2018)
GDP per Capita Current USD USD 43,005 (2018)
GDP per capita, PPP USD 66,616 (2018)
GDP per Capita, 2010 USD USD 40,782 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 13.14 % (2018)
Government Spending USD 54.41 B. (2018)
Government Debt % GDP 20.00 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 165.59 (2018)
Trade Openness 161.84 % (2018)
Exports of Goods and Services % GDP 93.86 % (2018)
Exports Goods & Services USD 388.75 B. (2018)
Exports Annual Growth 0.84 % (2018)
Imports as % GDP 67.98 % (2018)
Total Imports USD 281.55 B. (2018)
Foreign Direct Investment % GDP 2.51 % (2018)
Foreign Direct Investment USD 10.39 B. (2018)
Current Account Balance % GDP USD % (2018)
Current Account Balance USD B. (2018)
Trade Balance % GDP 25.88 % (2018)
Trade Balance USD B. (2018)
Foreign Exchange Reserves incl Gold USD 99.50 B. (2018)
Remittances % GDP USD 99.50 B. (2018)
Remittances USD 99.50 B. (2018)
Balance of Payments USD 99.50 B. (2018)

Labor Market

Indicator Value
Labor Force 6.90 M. (2019)
Unemployment Rate 2.64 % (2019)
Unemployment Rate Females 6.05 % (2019)
Unemployment Rate Males 1.56 % (2019)
Youth Unemployment (ages 15-24) 7.62 % (2019)
Labor Force Participation Rate 82.86 % (2019)
Labor Force (Percent Female) 17.58 % (2019)
Female Labor Force Participation Rate 51.07 % (2019)
Male Labor Force Participation Rate 93.41 % (2019)
Dependent People 18.61 % (2018)

Agriculture Sector

Indicator Value
Forest Area 4.60 % (2016)
Forest Area km² 3,237 km² (2016)
Agricultural Land 5.47 % (2016)
Agricultural Land km² 3,888 km² (2016)
Employment 3.66 % (2019)
Value added % GDP 0.74 % (2018)
Agriculture Value added USD 3.06 B. (2018)
Crop Production Index 83.00 (2016)
Precipitation 78 mm (2014)
Arable Land 1 % (2016)
Cereal Yield 23,576 kg/hectare (2017)
Food production index 102 (2016)
Rural Population 13 % (2018)
Fertilizer use of Arable Land 715 kg/hectare (2015)
Livestock Production Index 150 (2016)
Economy of United Arab Emirates

According to the World Bank and its latest published data, the economy of the United Arab Emirates presents a growth rate of 1.73 % (2018) to the previous year.

With a population that reaches 9.63 M (2018) and a gross domestic product of USD 414.18 B. (2018), it translates a Gross Domestic Product per Capita of USD 43,005 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

United Arab Emirates also has a workforce of 6.90 M. (2019) with an unemployment rate of 2.64 % (2019), where women represent 6.05 % (2019) and men 1.56 % (2019), the unemployment rate for young people between 15-24 years old stood at 7.62 % (2019). The total number of dependent people stands at 18.61 % (2018).

The central government spent 13.14 % (2018) of its gross domestic product that year, which in absolute terms is USD 54.41 B. (2018). Its consolidated public debt reached 20.00 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, United Arab Emirates exported USD 388.75 B. (2018), which represents 93.86 % (2018) of its gross domestic product, in that same sense its imports reached USD 281.55 B. (2018) with a direct foreign investment of USD 10.39 B. (2018).

United Arab Emirates has a forest area of 3,237 km² (2016), which represents 4.60 % (2016) of its total area, an average rainfall of 78 mm (2014) per year and a population of 13 % (2018) living in rural areas. With a total area of 3,888 km² (2016) available for agriculture and 3.66 % (2019) of its employments, the agricultural sector contributes to the economy of the United Arab Emirates about USD 3.06 B. (2018) (0.74 % (2018) of its GDP).