historically oil-driven Middle Eastern economy; diversifying into a trade-oriented logistics and supply chain leader; strong foreign direct investment orientation; building trade and investment ties through partnership agreements; growing banking sector; recent economic linkages with Israel slowing due to Gaza conflict
$707.3 billion (2022 est.)
$653.067 billion (2021 est.)
$628.455 billion (2020 est.)
note: data are in 2017 dollars
3.92% (2021 est.)
-4.96% (2020 est.)
1.11% (2019 est.)
$74,900 (2022 est.)
$69,700 (2021 est.) note: data are in 2017 dollars
$67,700 (2020 est.) note: data are in 2017 dollars
$421.077 billion (2019 est.)
-2.08% (2020 est.)
-1.93% (2019 est.)
3.07% (2018 est.)
Fitch rating: AA- (2020)
Moody's rating: Aa2 (2007)
Standard & Poors rating: AA (2007)
note: The year refers to the year in which the current credit rating was first obtained.
agriculture: 0.9% (2017 est.)
industry: 49.8% (2017 est.)
services: 49.2% (2017 est.)
household consumption: 34.9% (2017 est.)
government consumption: 12.3% (2017 est.)
investment in fixed capital: 23% (2017 est.)
investment in inventories: 1.8% (2017 est.)
exports of goods and services: 100.4% (2017 est.)
imports of goods and services: -72.4% (2017 est.)
eggs, dates, cucumbers, camel milk, goat milk, tomatoes, goat meat, milk, poultry, camel meat
petroleum and petrochemicals; fishing, aluminum, cement, fertilizer, commercial ship repair, construction materials, handicrafts, textiles
2.54% (2021 est.)
6.074 million (2021 est.)
note: expatriates account for about 85% of the workforce
3.36% (2021 est.)
3.19% (2020 est.)
2.23% (2019 est.)
total: 10.7% (2021 est.)
male: 7.9%
female: 19.9%
19.5% (2003 est.)
26 (2018 est.)
on food: 13.7% of household expenditures (2018 est.)
on alcohol and tobacco: 0.4% of household expenditures (2018 est.)
lowest 10%: NA
highest 10%: NA
revenues: $129.741 billion (2019 est.)
expenditures: $127.262 billion (2019 est.)
note: the UAE federal budget does not account for emirate-level spending in Abu Dhabi and Dubai
-0.2% (of GDP) (2017 est.)
19.7% of GDP (2017 est.)
20.2% of GDP (2016 est.)
0.68% (of GDP) (2020 est.)
calendar year
$26.47 billion (2017 est.)
$13.23 billion (2016 est.)
$335.238 billion (2020 est.)
$308.5 billion (2017 est.)
$298.6 billion (2016 est.)
India 13%, Japan 10%, China 8%, Saudi Arabia 7%, Iraq 5% (2022)
crude and refined petroleum, gold, broadcasting equipment, natural gas, diamonds (2022)
$246.886 billion (2020 est.)
$229.2 billion (2017 est.)
$226.5 billion (2016 est.)
China 18%, India 10%, United States 6%, United Kingdom 4%, Saudi Arabia 3% (2022)
gold, broadcasting equipment, refined petroleum, diamonds, cars (2022)
$131.117 billion (31 December 2021 est.)
$106.702 billion (31 December 2020 est.)
$108.359 billion (31 December 2019 est.)
$237.6 billion (31 December 2017 est.)
$218.7 billion (31 December 2016 est.)
Emirati dirhams (AED) per US dollar -
Exchange rates:
3.673 (2021 est.)
3.673 (2020 est.)
3.673 (2019 est.)
3.673 (2018 est.)
3.673 (2017 est.)
NOTE: The information regarding United Arab Emirates on this page is re-published from the 2024 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of United Arab Emirates 2024 information contained here. All suggestions for corrections of any errors about United Arab Emirates 2024 should be addressed to the CIA or the source cited on each page.
This page was last modified 04 May 24, Copyright © 2024 ITA all rights reserved.
