United Arab Emirates - Economic Forecasts - 2018-2020 Outlook

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.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.72 1.7 1.7 1.6 1.6 1.8 percent
Inflation Rate 3.80 3.6 3.7 3.5 3.3 2.9 percent
Interest Rate 2.25 2.5 2.75 2.75 3 3.25 percent
Balance of Trade 315100.00 340000 340000 422000 422000 500000 AED Million
Government Debt to GDP 20.70 20.6 20.6 21.4 21.4 22.3 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 3.67
3.67 3.67 3.67 3.67 3.67
Stock Market 4876.39
points
4920 4877 4835 4793 4629
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 0.80
percent
2.5 2.5 3.3 3.3 3.5
GDP 382.58
USD Billion
390 390 415 415 425
GDP Constant Prices 1422210.35
AED Million
1425906 1457766 1469143 1469143 1558577
Gross Fixed Capital Formation 317161.34
AED Million
303705 325090 327628 327628 347572
GDP per capita 41197.17
USD
41200 41200 42300 42300 43100
GDP per capita PPP 67293.48
USD
68300 68300 69500 69500 71100
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.72
percent
1.7 1.7 1.6 1.6 1.8
Population 9.40
Million
9.5 9.5 10.2 10.2 10.4
Employment Change 3.20
Percent
3.13 3.09 3.11 3.1 3.11
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 3.80
percent
3.6 3.7 3.5 3.3 2.9
Consumer Price Index CPI 111.40
Index Points
111 113 115 115 120
Food Inflation 2.60
percent
2.4 2.6 2.8 2.9 3
Inflation Rate Mom -0.10
percent
0.3 0.2 0.2 0.3 0.7
CPI Housing Utilities 109.53
Index Points
117 117 117 114 124
CPI Transportation 118.04
107 113 116 121 120
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.25
percent
2.5 2.75 2.75 3 3.25
Money Supply M0 83800.00
AED Million
85000 87000 88300 89600 95000
Money Supply M1 496400.00
AED Million
483000 510000 522500 526500 550000
Money Supply M2 1302300.00
AED Million
1300000 1315000 1318000 1319000 1390000
Money Supply M3 1556000.00
AED Million
1558000 1595000 1610000 1630000 1780000
Banks Balance Sheet 2651.70
AED Billion
2670 2682 2730 2760 3055
Loan Growth 3.20
percent
2.9 2.7 2.9 2.8 4.1
Loans To Private Sector 779032.00
AED Million
776000 754000 776000 768000 780900
Interbank Rate 2.61
percent
2.86 3.11 3.11 3.36 3.61
Central Bank Balance Sheet 388.90
AED Billion
390 410 405 420 580
Foreign Exchange Reserves 332.31
AED Billion
333 334 339 342 420
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 315100.00
AED Million
340000 340000 422000 422000 500000
Exports 1169500.00
AED Million
1200000 1200000 1280000 1280000 1420000
Imports 854400.00
AED Million
860000 860000 858000 858000 920000
Current Account 971000.00
AED Million
87900 87900 112000 112000 135000
Current Account to GDP 6.90
percent
5 5 5.7 5.7 6.8
Gold Reserves 7.50
Tonnes
7.6 7.7 7.8 8 8.5
Crude Oil Production 2972.00
BBL/D/1K
2895 2820 2903 2905 2920
Terrorism Index 0.21
0.2 0.2 0.3 0.3 0.2
Weapons Sales 72.00
USD Million
79 79 81 81 80
Foreign Direct Investment 38000.00
AED Million
39500 39500 41550 41550 43800
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 20.70
percent
20.6 20.6 21.4 21.4 22.3
Government Budget -2.60
percent of GDP
0.5 0.5 1.2 1.2 1.3
Government Spending 152794.22
AED Million
165738 156614 157836 157836 167445
Military Expenditure 24399.90
USD Million
28550 26100 26100 26100 30000
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing PMI 55.00
54.6 56 55 55.3 58
Changes in Inventories 81229.05
AED Million
85000 85000 92000 92000 91000
Internet Speed 8570.97
KBps
9311 9513 9686 9438 9568
IP Addresses 1353580.00
IP
1325806 1320287 1321688 1326748 1333403
Competitiveness Index 5.30
Points
5.3 5.3 5.2 5.2 5.2
Competitiveness Rank 17.00
17 17 16 16 15
Ease of Doing Business 21.00
20 20 19 19 17
Corruption Index 71.00
Points
73 73 75 75 80
Corruption Rank 21.00
22 22 20 20 18
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 116.00
Index Points
107 107 113 112 109
Consumer Spending 426882.68
AED Million
771843 437555 440970 440970 467814
Private Sector Credit 1138770.00
AED Million
1138900 1141000 1143500 1145500 1190000
Consumer Credit 328915.00
AED Million
33400 33500 33600 33700 34000
Gasoline Prices 0.67
USD/Liter
0.68 0.65 0.61 0.58 0.45
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 0.00
percent
0 0 0 0 0
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Social Security Rate 17.50
percent
17.5 17.5 18 18 18
Social Security Rate For Companies 12.50
percent
12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
Sales Tax Rate 5.00
percent
5 5 5 5 5
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 7.58
mm
1.48 3.87 14.05 4.74 5.96
Temperature 20.76
celsius
34.68 24.32 20.73 34.41 28.37