United Arab Emirates: Economy

Economic Trivia

The United Arab Emirates is ranked as one of the most developed countries in Western Asia.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): India, China, and United States
Top 3 Exported Goods (2014): Items nesoi, Oil & Mineral Fuels, and Precious Stones & Metals

Top Industries Source: CIA World Factbook

Petroleum and Petrochemicals; Fishing; Aluminum; Cement

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $614,896,592,521 (2014)
GDP Growth Rate (annual %) 4.57% (2014)
GDP Per Capita, PPP (current international) $67,674 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 31/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 2.345% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 15.9% (2015)
Real Interest Rate (5 year average %) 10.652% (2001)
Manufacturing, value added (% of GDP) 8.529% (2013)
Current Account Balance (BoP, current US$) Data unavailable
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 6,302,492 (2014)
Employment in Agriculture (% of total employment) 3.8% (2009)
Employment in Industry (% of total employment) 23.1% (2009)
Employment in Services (% of total employment) 73% (2009)
Unemployment Rate 3.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $311,238,393,465 (2014)
Exports of goods and services (current US$) $391,295,575,221 (2014)
Total Merchandise Trade (% of GDP) 155.714% (2014)
FDI, net inflows (BoP, current US$) $10,065,799,904 (2014)
Commercial Service Exports (current US$) Data unavailable
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, United Arab Emirates’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary