Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 5244.69 5046 4992 4938 4886 4781
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.20 2.4 2.4 2.4 2.4 2.5
Unemployment Rate (%) 2.57 3.2 3.2 3.2 3.2 1.9
Inflation Rate (%) -1.40 1.8 1.5 1.3 1.5 1.5
Interest Rate (%) 2.00 2 1.75 1.75 1.75 2.25
Balance of Trade (AED Million) 299400.00 530000 530000 530000 530000 530000
Current Account (AED Million) 139000.00 105000 105000 105000 105000 980000
Current Account to GDP (%) 9.10 7 7 7 7 5
Government Debt to GDP (%) 18.60 19.2 19.2 19.2 19.2 18.9
Government Budget (% of GDP) -1.80 -2.5 -2.5 -2.5 -2.5 -3
Manufacturing PMI (points) 50.20 56.5 55 55.9 56 56
Consumer Confidence (points) 110.00 105 107 108 109 109
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 2.20 2.4 2.4 2.4 2.4 2.5
GDP (USD Billion) 414.18 431 431 431 431 442
GDP Constant Prices (AED Million) 1442462.67 1477082 1477082 1477082 1477082 1514009
Gross Fixed Capital Formation (AED Million) 288261.59 295180 295180 295180 295180 302559
GDP per capita (USD) 40782.40 41500 41500 41500 41500 42900
GDP per capita PPP (USD) 66615.90 71100 71100 71100 71100 71100
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.57 3.2 3.2 3.2 3.2 1.9
Population (Million) 9.60 10 10 10 10 10.2
Employment Change (Percent) 1.00 2.3 2.3 2.3 2.3 2.83
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -1.40 1.8 1.5 1.3 1.5 1.5
Consumer Price Index CPI (points) 108.48 111 111 110 110 112
Food Inflation (%) -1.10 0.5 1.5 1.6 2 2
Inflation Rate Mom (%) 0.10 0.5 0.4 0.7 0.7 0.7
CPI Housing Utilities (points) 103.08 107 106 105 105 106
CPI Transportation 108.49 108 117 111 110 112
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.00 2 1.75 1.75 1.75 2.25
Interbank Rate (%) 1.98 2.21 1.96 1.96 1.96 1.96
Money Supply M3 (AED Million) 1717400.00 1721759 1747180 1772602 1798023 1899709
Loan Growth (%) 4.10 2 2.5 2.9 3.2 3.2
Loans To Private Sector (AED Million ) 802650.00 824396 830526 831941 821914 842461
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (AED Million) 299400.00 530000 530000 530000 530000 530000
Current Account (AED Million) 139000.00 105000 105000 105000 105000 980000
Current Account to GDP (%) 9.10 7 7 7 7 5
Imports (AED Million) 864400.00 890000 890000 890000 890000 890000
Exports (AED Million) 1163800.00 1420000 1420000 1420000 1420000 1420000
Gold Reserves (Tonnes) 12.41 13 13 13 13 14
Crude Oil Production (BBL/D/1K) 3065.00 2950 3050 3065 3065 2850
Weapons Sales (USD Million) 113.00 80 80 80 80 80
Foreign Direct Investment (AED Million) 38100.00 43800 43800 43800 43800 43800
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 18.60 19.2 19.2 19.2 19.2 18.9
Government Budget (% of GDP) -1.80 -2.5 -2.5 -2.5 -2.5 -3
Government Spending (AED Million) 176194.89 180424 180424 180424 180424 184934
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Manufacturing PMI (points) 50.20 56.5 55 55.9 56 56
Changes in Inventories (AED Million) 60170.53 91000 91000 91000 91000 91000
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 110.00 105 107 108 109 109
Consumer Spending (AED Million) 434015.66 444432 444432 444432 444432 455543
Consumer Credit (AED Million) 411200.00 396800 421069 421069 421069 431596
Gasoline Prices (USD/Liter) 0.58 0.64 0.65 0.67 0.68 0.68


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.