The United Arab Emirates recorded a Current Account surplus of 6.90 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in the United Arab Emirates averaged 9.74 percent from 1980 until 2017, reaching an all time high of 25 percent in 1980 and a record low of 0.10 percent in 1994.

Current Account to GDP in the United Arab Emirates is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Current Account to GDP is projected to trend around 5.50 percent in 2020, according to our econometric models.

United Arab Emirates Current Account to GDP
Forecast Data Chart
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United Arab Emirates Trade Last Previous Highest Lowest Unit
Balance of Trade 315100.00 251400.00 520300.00 40840.00 AED Million [+]
Exports 1169500.00 1083500.00 1362600.00 177800.00 AED Million [+]
Imports 854400.00 832100.00 861600.00 128570.00 AED Million [+]
Current Account 971000.00 48500.00 971000.00 12510.00 AED Million [+]
Current Account to GDP 7.30 3.80 25.00 0.10 percent [+]
Gold Reserves 7.50 7.50 12.35 0.00 Tonnes [+]
Crude Oil Production 3270.00 3050.00 3270.00 990.00 BBL/D/1K [+]
Terrorism Index 0.21 0.42 1.12 0.00 [+]
Weapons Sales 72.00 73.00 112.00 1.00 USD Million [+]
Foreign Direct Investment 38000.00 33000.00 52100.00 14700.00 AED Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

United Arab Emirates Current Account to GDP

The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - United Arab Emirates Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.30 3.80 25.00 0.10 1980 - 2017 percent Yearly

Country Last
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17