Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 5127.45 -189 7.19 0 0 0
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 0.80 2.9 2.9 2.9 2.9 3.3
Unemployment Rate (%) 1.72 2.8 2.8 2.8 2.8 3.2
Inflation Rate (%) -2.40 -1.8 -1.4 -1.7 -0.2 2
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Balance of Trade (AED Million) 315100.00 422000 422000 422000 422000 500000
Current Account (AED Million) 971000.00 112000 112000 112000 112000 135000
Current Account to GDP (%) 7.30 7.7 7.7 7.7 7.7 5.5
Government Debt to GDP (%) 20.70 21.4 21.4 21.4 21.4 22.3
Government Budget (% of GDP) -2.60 1.2 1.2 1.2 1.2 1.3
Manufacturing PMI 53.40 53 55 55.5 57 56
Consumer Confidence (Index Points) 110.00 109 106 107 108 109
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 (%) 0.80 2.9 2.9 2.9 2.9 3.3
GDP (USD Billion) 382.58 415 415 415 415 425
GDP Constant Prices (AED Million) 1422210.35 1469143 1469143 1469143 1469143 1520563
Gross Fixed Capital Formation (AED Million) 317161.34 327628 327628 327628 327628 339095
GDP per capita (USD) 41197.17 42300 42300 42300 42300 43100
GDP per capita PPP (USD) 67293.48 69500 69500 69500 69500 71100
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 1.72 2.8 2.8 2.8 2.8 3.2
Population (Million) 9.40 10.2 10.2 10.2 9.53 9.66
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -2.40 -1.8 -1.4 -1.7 -0.2 2
Consumer Price Index CPI (Index Points) 109.61 114 114 113 112 115
Food Inflation (%) -1.09 -1.3 -0.8 -1 -0.1 2.1
Inflation Rate Mom (%) -0.12 0.2 0.3 0.2 0.3 0.7
CPI Housing Utilities (Index Points) 107.03 115 113 110 110 112
CPI Transportation 106.10 115 120 119 115 118
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Interbank Rate (%) 2.78 2.93 3.18 3.18 3.43 3.43
Money Supply M0 (AED Million) 85800.00 88300 89600 90800 92000 95000
Money Supply M1 (AED Million) 486000.00 522500 526500 529000 533000 550000
Money Supply M2 (AED Million) 1305500.00 1318000 1319000 1320000 1325000 1390000
Money Supply M3 (AED Million) 1603100.00 1610000 1630000 1650000 1700000 1780000
Banks Balance Sheet (AED Billion) 2791.00 2730 2760 2790 2820 3055
Loan Growth (%) 4.70 2.9 2.8 2.7 3.3 4.1
Loans To Private Sector (AED Million ) 795804.00 776000 768000 772500 768500 780900
Central Bank Balance Sheet (AED Billion) 417.70 405 420 440 450 580
Foreign Exchange Reserves (AED Billion) 346.27 339 342 344 348 420
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (AED Million) 315100.00 422000 422000 422000 422000 500000
Current Account (AED Million) 971000.00 112000 112000 112000 112000 135000
Current Account to GDP (%) 7.30 7.7 7.7 7.7 7.7 5.5
Imports (AED Million) 854400.00 858000 858000 858000 858000 920000
Exports (AED Million) 1169500.00 1280000 1280000 1280000 1280000 1420000
Gold Reserves (Tonnes) 7.50 7.8 8 8.1 8.3 8.5
Crude Oil Production (BBL/D/1K) 3050.00 3050 3000 2960 2920 2920
Weapons Sales (USD Million) 72.00 81 81 81 81 80
Foreign Direct Investment (AED Million) 38000.00 41550 41550 41550 41550 43800
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 20.70 21.4 21.4 21.4 21.4 22.3
Government Budget (% of GDP) -2.60 1.2 1.2 1.2 1.2 1.3
Government Spending (AED Million) 152794.22 157836 157836 157836 157836 163361
Military Expenditure (USD Million) 24399.90 26100 26100 26100 26100 30000
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 53.40 53 55 55.5 57 56
Changes in Inventories (AED Million) 81229.05 92000 92000 92000 92000 91000
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 110.00 109 106 107 108 109
Consumer Spending (AED Million) 426882.68 440970 440970 440970 440970 456404
Private Sector Credit (AED Million) 1154771.00 1143500 1145500 1147000 1150000 1190000
Consumer Credit (AED Million) 325831.00 335469 338454 339568 335280 346344
Gasoline Prices (USD/Liter) 0.50 0.49 0.47 0.46 0.45 0.45


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.