Markets Actual Q3 Q4 Q1 Q2 2020
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 5299.08 4927 4875 4823 4772 4672
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 2.20 2 1.6 2.6 2.6 2.6
Unemployment Rate (%) 2.57 2.8 2.8 3.2 3.2 3.2
Inflation Rate (%) -1.10 -1.7 -0.2 2.3 2.1 2
Interest Rate (%) 2.75 2.5 2.5 2.25 2.25 2.5
Balance of Trade (AED Million) 299400.00 422000 422000 500000 500000 500000
Current Account (AED Million) 139000.00 112000 112000 135000 135000 135000
Current Account to GDP (%) 6.60 7.7 7.7 5.5 5.5 5.5
Government Debt to GDP (%) 18.60 21.4 21.4 22.3 22.3 22.3
Government Budget (% of GDP) -1.80 -0.3 -0.3 -1.1 -1.1 -1.1
Manufacturing PMI 57.70 59.5 57 56.5 55 56
Consumer Confidence (Index Points) 113.00 107 108 105 107 109
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 2.20 2 1.6 2.6 2.6 2.6
GDP (USD Billion) 414.18 425 425 434 434 434
GDP Constant Prices (AED Million) 1442462.67 1450655 1444966 1459188 1459188 1482535
Gross Fixed Capital Formation (AED Million) 288261.59 323505 322236 325408 325408 330614
GDP per capita (USD) 40782.40 42300 42300 43100 43100 43100
GDP per capita PPP (USD) 66615.90 69500 69500 71100 71100 71100
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 2.57 2.8 2.8 3.2 3.2 3.2
Population (Million) 9.40 9.53 9.53 9.66 9.66 9.66
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) -1.10 -1.7 -0.2 2.3 2.1 2
Consumer Price Index CPI (Index Points) 111.08 109 110 112 112 112
Food Inflation (%) -1.10 -1 -0.1 2.6 2.3 2.1
Inflation Rate Mom (%) 1.00 0.2 0.3 0.5 0.4 0.7
CPI Housing Utilities (Index Points) 111.11 106 107 109 109 109
CPI Transportation 114.28 114 111 109 109 113
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 2.75 2.5 2.5 2.25 2.25 2.5
Interbank Rate (%) 2.62 2.62 2.62 2.37 2.37 2.62
Loan Growth (%) 4.30 1.5 1.4 2 2.5 3.2
Loans To Private Sector (AED Million ) 804724.00 795977 803372 826006 825647 824259
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (AED Million) 299400.00 422000 422000 500000 500000 500000
Current Account (AED Million) 139000.00 112000 112000 135000 135000 135000
Current Account to GDP (%) 6.60 7.7 7.7 5.5 5.5 5.5
Imports (AED Million) 864400.00 858000 858000 920000 920000 920000
Exports (AED Million) 1163800.00 1280000 1280000 1420000 1420000 1420000
Gold Reserves (Tonnes) 7.50 8.1 8.3 8.3 8.3 8.5
Crude Oil Production (BBL/D/1K) 3046.00 2960 2920 2950 3050 3065
Foreign Direct Investment (AED Million) 38000.00 41550 41550 43800 43800 43800
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 18.60 21.4 21.4 22.3 22.3 22.3
Government Budget (% of GDP) -1.80 -0.3 -0.3 -1.1 -1.1 -1.1
Government Spending (AED Million) 176194.89 155850 155239 156767 156767 159275
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Manufacturing PMI 57.70 59.5 57 56.5 55 56
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 113.00 107 108 105 107 109
Consumer Spending (AED Million) 434015.66 435420 433713 437982 437982 444989
Consumer Credit (AED Million) 324349.00 336598 331032 332782 332782 339639
Gasoline Prices (USD/Liter) 0.66 0.49 0.48 0.47 0.59 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.