Markets Actual Q2 Q3 Q4 Q1 2020
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 5385.28 5048 4996 4945 4894 4794
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 1.70 2.9 2.9 2.9 3.3 3.3
Unemployment Rate (%) 1.72 2.8 2.8 2.8 3.2 3.2
Inflation Rate (%) -2.50 -1.4 -1.7 -0.2 2.3 2
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Balance of Trade (AED Million) 299400.00 422000 422000 422000 500000 500000
Current Account (AED Million) 139000.00 112000 112000 112000 135000 135000
Current Account to GDP (%) 7.30 7.7 7.7 7.7 5.5 5.5
Government Debt to GDP (%) 20.70 21.4 21.4 21.4 22.3 22.3
Government Budget (% of GDP) -1.80 1.2 1.2 1.2 1.3 1.3
Manufacturing PMI 55.70 55 55.5 57 56.5 56
Consumer Confidence (Index Points) 110.00 106 107 108 105 109
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 1.70 2.9 2.9 2.9 3.3 3.3
GDP (USD Billion) 382.58 415 415 415 425 425
GDP Constant Prices (AED Million) 1422210.35 1463454 1463454 1463454 1469143 1511748
Gross Fixed Capital Formation (AED Million) 317161.34 326359 326359 326359 327628 337129
GDP per capita (USD) 41197.17 42300 42300 42300 43100 43100
GDP per capita PPP (USD) 67293.48 69500 69500 69500 71100 71100
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 1.72 2.8 2.8 2.8 3.2 3.2
Population (Million) 9.40 10.2 10.2 9.53 9.66 9.66
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) -2.50 -1.4 -1.7 -0.2 2.3 2
Consumer Price Index CPI (Index Points) 109.28 110 109 110 112 112
Food Inflation (%) -1.90 -0.8 -1 -0.1 2.6 2.1
Inflation Rate Mom (%) -0.30 0.3 0.2 0.3 0.5 0.7
CPI Housing Utilities (Index Points) 106.70 109 106 107 109 109
CPI Transportation 104.74 116 114 111 109 113
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Interbank Rate (%) 2.83 2.85 2.85 2.85 2.85 2.85
Money Supply M2 (AED Million) 1321278.00 1319000 1320000 1325000 1325000 1390000
Banks Balance Sheet (AED Billion) 2786.60 2760 2790 2820 2820 3055
Loan Growth (%) 0.60 1 1.5 1.4 2 3.2
Loans To Private Sector (AED Million ) 794216.00 768000 772500 768500 768500 780900
Central Bank Balance Sheet (AED Billion) 417.70 420 440 450 450 580
Foreign Exchange Reserves (AED Billion) 346.27 342 344 348 348 420
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (AED Million) 299400.00 422000 422000 422000 500000 500000
Current Account (AED Million) 139000.00 112000 112000 112000 135000 135000
Current Account to GDP (%) 7.30 7.7 7.7 7.7 5.5 5.5
Imports (AED Million) 864400.00 858000 858000 858000 920000 920000
Exports (AED Million) 1163800.00 1280000 1280000 1280000 1420000 1420000
Gold Reserves (Tonnes) 7.50 8 8.1 8.3 8.3 8.5
Crude Oil Production (BBL/D/1K) 3045.00 3000 2960 2920 2900 2920
Foreign Direct Investment (AED Million) 38000.00 41550 41550 41550 43800 43800
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 20.70 21.4 21.4 21.4 22.3 22.3
Government Budget (% of GDP) -1.80 1.2 1.2 1.2 1.3 1.3
Government Spending (AED Million) 152794.22 157225 157225 157225 157836 162414
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Manufacturing PMI 55.70 55 55.5 57 56.5 56
Changes in Inventories (AED Million) 81229.05 92000 92000 92000 91000 91000
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 110.00 106 107 108 105 109
Consumer Spending (AED Million) 426882.68 439262 439262 439262 440970 453758
Private Sector Credit (AED Million) 1152736.00 1145500 1147000 1150000 1150000 1190000
Consumer Credit (AED Million) 325831.00 338454 339568 335280 336583 346344
Gasoline Prices (USD/Liter) 0.52 0.5 0.49 0.48 0.47 0.47


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.