Markets Actual Q4 Q1 Q2 Q3 2021
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 4947.28 4857 4752 4650 4550 4349

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 1.60 -3.5 1.1 5.3 4.1 3
Unemployment Rate (%) 2.64 3.5 3 3 3 3
Inflation Rate (%) -2.36 -2.5 1 1.5 1.3 1.4
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (AED Million) 274600.00 150000 200000 200000 200000 200000
Current Account (AED Million) 108900.00 35000 90000 90000 90000 90000
Current Account to GDP (%) 7.40 1.5 4.3 4.3 4.3 4.3
Government Debt to GDP (%) 18.60 25 22 22 22 22
Government Budget (% of GDP) -0.80 -18.5 -6 -6 -6 -6
Manufacturing PMI (points) 49.50 50 51 52 52 54
Consumer Confidence (points) 92.00 100 105 110 110 113
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 1.60 -3.5 1.1 5.3 4.1 3
GDP (USD Billion) 421.14 375 400 400 400 400
GDP Constant Prices (AED Million) 1486260.86 1434242 1502610 1565033 1547198 1477269
Gross Fixed Capital Formation (AED Million) 270277.44 260818 273250 284602 281359 268642
GDP per capita (USD) 41420.50 39500 41000 41000 41000 41000
GDP per capita PPP (USD) 67119.10 65248 65686 65686 65686 65686

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 2.64 3.5 3 3 3 3
Population (Million) 9.80 10 10.2 10.2 10.2 10.2
Employment Change (Percent) 2.00 0.5 1.5 2.5 3 2.1

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) -2.36 -2.5 1 1.5 1.3 1.4
Consumer Price Index CPI (points) 105.96 106 108 109 107 107
Food Inflation (%) 4.20 3.5 2 1.1 1.5 1.8
Inflation Rate Mom (%) -0.50 0.2 0.2 0.3 0.5 0.5
CPI Housing Utilities (points) 100.23 99.54 102 103 102 101
CPI Transportation (points) 102.03 107 106 104 103 109

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 0.43 2.85 0.36 0.36 0.36 3.1
Money Supply M3 (AED Million) 1805628.00 1798023 1823444 1823444 1823444 1899709
Loan Growth (%) 4.90 5 3.5 3.5 3.5 3.5
Loans To Private Sector (AED Million ) 795072.00 774002 827745 857849 836532 797222

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (AED Million) 274600.00 150000 200000 200000 200000 200000
Current Account (AED Million) 108900.00 35000 90000 90000 90000 90000
Current Account to GDP (%) 7.40 1.5 4.3 4.3 4.3 4.3
Imports (AED Million) 885600.00 750000 820000 820000 820000 820000
Exports (AED Million) 1160200.00 900000 1020000 1020000 1020000 1020000
Gold Reserves (Tonnes) 31.50 25 20 20 15 15
Crude Oil Production (BBL/D/1K) 2476.00 2500 2800 2900 3000 3000
Weapons Sales (USD Million) 104.00 100 110 110 110 110
Foreign Direct Investment (AED Million) 50600.00 35000 40000 40000 40000 40000

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 18.60 25 22 22 22 22
Government Budget (% of GDP) -0.80 -18.5 -6 -6 -6 -6
Government Spending (AED Million) 179323.82 173047 181296 188828 186676 178239

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 17.50 17.5 17.5 17.5 17.5 17.5
Social Security Rate For Companies (%) 12.50 12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5
Sales Tax Rate (%) 5.00 5 5 5 5 5

Business Actual Q4 Q1 Q2 Q3 2021
Manufacturing PMI (points) 49.50 50 51 52 52 54
Changes in Inventories (AED Million) 139801.91 150000 91000 91000 91000 91000

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 92.00 100 105 110 110 113
Consumer Spending (AED Million) 569166.38 549246 575427 599332 592502 565723
Gasoline Prices (USD/Liter) 0.49 0.47 0.44 0.42 0.4 0.44
Consumer Credit (AED Million) 330141.00 318586 333773 347638 343677 328144


This page has economic forecasts for the United Arab Emirates including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the the United Arab Emirates economy.