Markets Actual Q2 Q3 Q4 Q1 2021
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 4112.90 4024 3938 3853 3770 3604

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 1.60 0.7 1.3 2.4 2.5 2.5
Unemployment Rate (%) 2.64 2.8 2.8 2.8 3 3
Inflation Rate (%) -1.90 -3.1 1.3 1.5 1.5 1.5
Interest Rate (%) 1.50 1.25 1.25 1.25 1.5 2.25
Balance of Trade (AED Million) 274600.00 530000 530000 530000 530000 530000
Current Account (AED Million) 108900.00 105000 105000 105000 105000 980000
Current Account to GDP (%) 7.40 1.5 1.5 1.5 4.3 4.3
Government Debt to GDP (%) 18.60 25 25 25 22 22
Government Budget (% of GDP) -0.80 -18.5 -18.5 -18.5 -12 -12
Manufacturing PMI (points) 44.10 46 47 49 51 54
Consumer Confidence (points) 115.00 103 105 107 109 109
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 2021
GDP Annual Growth Rate (%) 1.60 0.7 1.3 2.4 2.5 2.5
GDP (USD Billion) 425.00 431 431 431 442 442
GDP Constant Prices (AED Million) 1442462.67 1452560 1461215 1477082 1478524 1514009
Gross Fixed Capital Formation (AED Million) 288261.59 290279 292009 295180 295468 302559
GDP per capita (USD) 40782.40 41500 41500 41500 42900 42900
GDP per capita PPP (USD) 66615.90 71100 71100 71100 56108 52628

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

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) -1.90 -3.1 1.3 1.5 1.5 1.5
Consumer Price Index CPI (points) 106.80 106 110 110 108 112
Food Inflation (%) 5.20 1.5 1.6 2 2 2
Inflation Rate Mom (%) -0.89 0.4 0.7 0.7 0.7 0.7
CPI Housing Utilities (Index Points) 100.84 101 105 104 103 105
CPI Transportation (Index Points) 100.95 112 111 112 106 113

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 1.50 1.25 1.25 1.25 1.5 2.25
Interbank Rate (%) 0.90 1.28 1.28 1.28 1.53 1.53
Money Supply M3 (AED Million) 1751500.00 1747180 1772602 1798023 1823444 1899709
Loan Growth (%) 5.90 6.5 4 5 3.5 3.5
Loans To Private Sector (AED Million ) 818739.00 816738 823004 821325 827489 841858

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (AED Million) 274600.00 530000 530000 530000 530000 530000
Current Account (AED Million) 108900.00 105000 105000 105000 105000 980000
Current Account to GDP (%) 7.40 1.5 1.5 1.5 4.3 4.3
Imports (AED Million) 864400.00 890000 890000 890000 890000 890000
Exports (AED Million) 1160200.00 1420000 1420000 1420000 1420000 1420000
Gold Reserves (Tonnes) 12.41 13 13 13 13 14
Crude Oil Production (BBL/D/1K) 4033.00 3200 3250 3290 3240 3200
Weapons Sales (USD Million) 113.00 80 80 80 80 80
Foreign Direct Investment (AED Million) 38100.00 43800 43800 43800 43800 43800

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 18.60 25 25 25 22 22
Government Budget (% of GDP) -0.80 -18.5 -18.5 -18.5 -12 -12
Government Spending (AED Million) 176194.89 177428 178485 180424 180600 184934

Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2021
Manufacturing PMI (points) 44.10 46 47 49 51 54
Changes in Inventories (AED Million) 60170.53 91000 91000 91000 91000 91000

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 115.00 103 105 107 109 109
Consumer Spending (AED Million) 434015.66 437054 439658 444432 444866 455543
Gasoline Prices (USD/Liter) 0.49 0.53 0.51 0.48 0.46 0.43
Consumer Credit (AED Million) 330141.00 329587 331565 338064 338395 346516


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.