Markets Actual Q3 Q4 Q1 Q2 2021
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 4510.60 4414 4319 4226 4135 3953

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 1.60 -4 -1 1.1 5.3 1.8
Unemployment Rate (%) 2.64 3 3 2.8 2.8 2.8
Inflation Rate (%) -2.14 -0.5 0.5 1 1.3 1.6
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (AED Million) 274600.00 150000 150000 200000 200000 200000
Current Account (AED Million) 108900.00 35000 35000 90000 90000 90000
Current Account to GDP (%) 7.40 1.5 1.5 4.3 4.3 4.3
Government Debt to GDP (%) 18.60 25 25 22 22 22
Government Budget (% of GDP) -0.80 -18.5 -18.5 -6 -6 -6
Manufacturing PMI (points) 49.40 51 53 51 52 54
Consumer Confidence (points) 92.00 105 107 109 110 113
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) 1.60 -4 -1 1.1 5.3 1.8
GDP (USD Billion) 421.14 375 375 400 400 400
GDP Constant Prices (AED Million) 1486260.86 1384764 1471398 1502610 1565033 1497883
Gross Fixed Capital Formation (AED Million) 270277.44 276731 267575 273250 284602 272391
GDP per capita (USD) 41420.50 37000 37000 39500 39500 39500
GDP per capita PPP (USD) 67119.10 65248 65248 65686 65686 65686

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 2.64 3 3 2.8 2.8 2.8
Population (Million) 9.80 10 10 10.2 10.2 10.2
Employment Change (Percent) 2.00 2.3 2.3 2.3 2.3 2.83

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) -2.14 -0.5 0.5 1 1.3 1.6
Consumer Price Index CPI (points) 106.64 108 109 108 109 111
Food Inflation (%) 4.70 1.6 2 2 2 2
Inflation Rate Mom (%) -0.57 0.7 0.7 0.7 0.7 0.7
CPI Housing Utilities (points) 101.10 103 103 102 103 104
CPI Transportation (points) 102.98 109 111 106 104 112

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 0.44 0.36 0.36 0.36 0.36 0.36
Money Supply M3 (AED Million) 1752345.00 1772602 1798023 1823444 1823444 1899709
Loan Growth (%) 5.80 4 5 3.5 3.5 3.5
Loans To Private Sector (AED Million ) 814671.00 779944 794054 827745 857849 808347

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (AED Million) 274600.00 150000 150000 200000 200000 200000
Current Account (AED Million) 108900.00 35000 35000 90000 90000 90000
Current Account to GDP (%) 7.40 1.5 1.5 4.3 4.3 4.3
Imports (AED Million) 885600.00 750000 750000 820000 820000 820000
Exports (AED Million) 1160200.00 900000 900000 1020000 1020000 1020000
Gold Reserves (Tonnes) 31.50 13 13 13 13 14
Crude Oil Production (BBL/D/1K) 2693.00 3250 3290 3240 3240 3200
Weapons Sales (USD Million) 104.00 100 100 110 110 110
Foreign Direct Investment (AED Million) 50600.00 43800 43800 43800 43800 43800

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 18.60 25 25 22 22 22
Government Budget (% of GDP) -0.80 -18.5 -18.5 -6 -6 -6
Government Spending (AED Million) 179323.82 169147 177531 181296 188828 180726

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2021
Manufacturing PMI (points) 49.40 51 53 51 52 54
Changes in Inventories (AED Million) 139801.91 91000 91000 91000 91000 91000

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 92.00 105 107 109 110 113
Consumer Spending (AED Million) 569166.38 416655 563475 575427 599332 573617
Gasoline Prices (USD/Liter) 0.49 0.47 0.44 0.42 0.4 0.38
Consumer Credit (AED Million) 330141.00 314218 326840 333773 347638 332723


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.