Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 5627.99 5507 5389 5273 5159 4932

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 1.60 1.1 3.5 2 1.5 2
Unemployment Rate (%) 2.64 3 3 3 3 2.7
Inflation Rate (%) -2.09 1 1.5 1.3 1.4 1.8
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (AED Million) 274600.00 150000 200000 200000 500000 200000
Current Account (AED Million) 108900.00 90000 90000 90000 90000 105000
Current Account to GDP (%) 7.40 4.3 4.3 4.3 4.3 5.1
Government Debt to GDP (%) 18.60 29 29 29 29 31
Government Budget (% of GDP) -0.80 -6 -6 -6 -6 -2.6
Manufacturing PMI (points) 51.20 51 52 52 54 53
Consumer Confidence (points) 92.00 105 110 110 113 111
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 2022
GDP Annual Growth Rate (%) 1.60 1.1 3.5 2 1.5 2
GDP (USD Billion) 421.14 400 400 400 400 425
GDP Constant Prices (AED Million) 1486260.86 1434242 1502610 1538280 1558613 1455755
Gross Fixed Capital Formation (AED Million) 270277.44 260818 273250 279737 347580 264730
GDP per capita (USD) 41420.50 41000 41000 41000 41000 41800
GDP per capita PPP (USD) 67119.10 65686 65686 65686 65686 66275

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 2.64 3 3 3 3 2.7
Population (Million) 9.80 10.2 10.2 10.2 10.2 10.4
Employment Change (Percent) 2.00 1.5 2.5 3 2.1 3

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -2.09 1 1.5 1.3 1.4 1.8
Consumer Price Index CPI (points) 105.97 108 109 107 107 109
Food Inflation (%) 3.49 3.5 1.1 1.5 1.8 1.8
Inflation Rate Mom (%) 0.09 0.2 0.3 0.5 0.5 0.5
CPI Housing Utilities (points) 98.90 102 103 102 100 102
CPI Transportation (points) 102.17 106 104 103 104 105

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 0.31 0.36 0.36 0.36 0.36 0.36
Money Supply M3 (AED Million) 1769368.00 1823444 1823444 1823444 1899709 2001394
Loan Growth (%) 1.10 4.5 3.5 3 3 3.5
Loans To Private Sector (AED Million ) 778815.00 827745 843184 810973 799213 815197

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (AED Million) 274600.00 150000 200000 200000 500000 200000
Current Account (AED Million) 108900.00 90000 90000 90000 90000 105000
Current Account to GDP (%) 7.40 4.3 4.3 4.3 4.3 5.1
Imports (AED Million) 885600.00 820000 820000 820000 820000 890000
Exports (AED Million) 1160200.00 1020000 1020000 1020000 1020000 1190000
Gold Reserves (Tonnes) 51.42 20 20 15 15 15
Crude Oil Production (BBL/D/1K) 2609.00 2800 2900 3000 3000 3200
Weapons Sales (USD Million) 104.00 110 110 110 110 150
Foreign Direct Investment (AED Million) 50600.00 40000 40000 40000 40000 40000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 18.60 29 29 29 29 31
Government Budget (% of GDP) -0.80 -6 -6 -6 -6 -2.6
Government Spending (AED Million) 179323.82 173047 181296 185600 167449 175643

Taxes Actual Q1 Q2 Q3 Q4 2022
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 2022
Manufacturing PMI (points) 51.20 51 52 52 54 53
Changes in Inventories (AED Million) 139801.91 150000 91000 91000 91000 85000

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 92.00 105 110 110 113 111
Consumer Spending (AED Million) 569166.38 549246 575427 589087 467824 557484
Gasoline Prices (USD/Liter) 0.49 0.47 0.44 0.42 0.4 0.38
Consumer Credit (AED Million) 330141.00 318586 333773 341696 357081 323365


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.