The United Arab Emirates recorded a Current Account surplus of 9.10 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in the United Arab Emirates averaged 9.74 percent from 1980 until 2018, reaching an all time high of 25 percent in 1980 and a record low of 0.10 percent in 1994. This page provides - United Arab Emirates Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates Current Account to GDP - values, historical data and charts - was last updated on September of 2020.

Current Account to GDP in the United Arab Emirates is expected to reach 1.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Current Account to GDP is projected to trend around 4.30 percent in 2021 and 5.10 percent in 2022, according to our econometric models.

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United Arab Emirates Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
7.40 10.00 25.00 0.10 1980 - 2019 percent Yearly

United Arab Emirates Trade Last Previous Highest Lowest Unit
Balance of Trade 274600.00 299400.00 520321.00 40840.00 AED Million [+]
Current Account 108900.00 139000.00 971000.00 12510.00 AED Million [+]
Current Account to GDP 7.40 10.00 25.00 0.10 percent [+]
Imports 885600.00 864400.00 904700.00 128570.00 AED Million [+]
Exports 1160200.00 1163800.00 1363318.00 177800.00 AED Million [+]
Gold Reserves 31.50 29.50 31.50 0.00 Tonnes [+]
Crude Oil Production 2693.00 2406.00 4033.00 990.00 BBL/D/1K [+]
Terrorism Index 0.05 0.11 1.12 0.00 [+]
Weapons Sales 104.00 113.00 128.00 1.00 USD Million [+]
Foreign Direct Investment 50600.00 38100.00 52100.00 14700.00 AED Million [+]

United Arab Emirates Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.