Economy of United Arab Emirates. Statistics, Data and Indicators
United Arab Emirates
| 90AA | Credit rank #18 |
| 163.54 | Quality of life #21 |
| 27 | Corruption rank#23 |
| 16 | Ease of doing business#11 |
United Arab Emirates Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 508 USD Billion | 2022 |
| GDP Annual Growth Rate | 8.5 % | 2022 |
| GDP per capita | 45321 USD | 2022 |
| Inflation Rate YoY | 2.28 % | Aug/23 |
| Interest Rate | 5.4 % | Sep/23 |
| Unemployment Rate | 2.75 % | 2022 |
| Balance of Trade | 290300 AED Million | 79.03 B USD | 2021 |
| Current Account | 176200 AED Million | 47.968 B USD | 2021 |
| Foreign Exchange Reserves | 590 AED Billion | 160.619 B USD | Jun/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 508 USD Billion | 2022 |
| GDP Annual Growth Rate | 8.5 % | 2022 |
| GDP per capita | 45321 USD | 2022 |
| GDP Constant Prices | 1623517 AED Million | 441.978 B USD | 2022 |
| GDP per capita PPP | 74299 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 38.3 % | 2021 |
| Government Spending | 173764 AED Million | 47.305 USD Billion | 2020 |
| Government Budget to GDP | 0.8 % | 2021 |
| Military Expenditure | 24601 USD Million | 24.6 B USD | 2014 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 106 index points | Dec/22 |
| Food Inflation | 3.33 % | Aug/23 |
| Gasoline Prices | 0.9 USD/Liter | Sep/23 |
| Inflation Rate YoY | 2.28 % | Aug/23 |
| Inflation Rate Mom | -0.85 % | Dec/22 |
| CPI Housing Utilities | 101 Index Points | Dec/22 |
| CPI Transportation | 119 Index Points | Dec/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 11.7 % | 2022 |
| Weapons Sales | 12 USD Million | 2022 |
| Balance of Trade | 290300 AED Million | 79.03 USD Billion | 2021 |
| Current Account | 176200 AED Million | 47.968 USD Billion | 2021 |
| Exports | 1187400 AED Million | 323.252 USD Billion | 2021 |
| Foreign Exchange Reserves | 590 AED Billion | 160.619 USD Billion | Jun/23 |
| Imports | 897100 AED Million | 244.222 USD Billion | 2021 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 74.49 Tonnes | 2Q/23 |
| Interbank Rate | 5.37 % | Oct/23 |
| Interest Rate | 5.4 % | Sep/23 |
| Loans to Private Sector | 825962 AED Million | 224.856 USD Billion | Jul/23 |
| Money Supply M0 | 130617 AED Million | 35.558 USD Billion | Jul/23 |
| Money Supply M1 | 781726 AED Million | 212.813 USD Billion | Jul/23 |
| Money Supply M2 | 1858844 AED Million | 506.042 USD Billion | Jul/23 |
| Money Supply M3 | 2298821 AED Million | 625.819 USD Billion | Jul/23 |
| Central Bank Balance Sheet | 649 AED Billion | 176.68 B USD | Jun/23 |
| Foreign Direct Investment | 50600 AED Million | 13.775 B USD | 2019 |
| Private Sector Credit | 1223234 AED Million | 333.007 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.75 % | 2022 |
| Employment Change | 2 % | 1Q/20 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 9 % | 2023 |
| Personal Income Tax Rate | 0 % | 2023 |
| Sales Tax Rate | 5 % | 2023 |
| Social Security Rate | 17.5 % | 2023 |
| Social Security Rate For Companies | 12.5 % | 2023 |
| Social Security Rate For Employees | 5 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 2896 BBL/D/1K | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 67 index points | 2022 |
| Corruption Rank | 27 place | 2022 |
| Ease of Doing Business | 16 place | 2019 |
| Manufacturing PMI | 56.7 index points | Sep/23 |
| Competitiveness Index | 75.01 Index Points | 2019 |
| Competitiveness Rank | 25 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 135 index points | 4Q/21 |
| Consumer Credit | 402640 AED Million | 109.613 USD Billion | 2Q/23 |
| Consumer Spending | 483057 AED Million | 131.505 B USD | 2020 |
