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ECON FACTBOOK

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Economy of the United Arab Emirates

Population: 9.3 million in 20131

GDP: $384 billion in 20122

GDP per capita: $40,444 nominal3 ($58,042 PPP4) in 2012

GDP growth rate: 5.2% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Mining and utilities14640.0%
Other activities8021.9%
Wholesale, retail trade, restaurants and hotels4512.4%
Construction339.0%
Manufacturing318.4%
Transport, storage and communication277.5%
Agriculture, hunting, forestry, fishing30.7%
Total value added364100%

Employment

Unemployment rate: 3.8% in 20137

Employment by Industry 20008

Employment sectorPercent of total
Services78%
Industry15%
Agriculture7%
Total100%

Corporations

Top 1 Corporation by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1International Petroleum Investment Company532.268Energy

* Corporate data calculated using the exchange rate 3.673 AED = 1 USD

Households

Household Wealth: $461 billion (120% of GDP) in 201410

Household Wealth per Adult: $121,021 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $138 billion (36% of GDP) in 201311

Central Government Expenditure: $118 billion (31% of GDP) in 201311

Central Government Budget Balance: +$20 billion (+5% of GDP) in 201311

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

Abu Dhabi Investment Authority: $589 billion (153% of GDP) in 201412

Investment Corporation of Dubai: $160 billion (42% of GDP) in 201412

Dubai World: $100 billion (26% of GDP) in 201412

International Petroleum Investment Corporation: $63 billion (16% of GDP) in 201412

Mubadala Development Company: $61 billion (16% of GDP) in 201412

Tax Structure

Individual Income Tax Rates and Thresholds in 201313

Corporate Tax Rate: 0% in 201313

Monetary Policy

Money Supply (M0): $20 billion (5% of GDP) in Nov 2014* 14

Benchmark Interest Rate: EIBOR = 1.0%15

Total Reserves: $68 billion (18% of GDP) in 201316

Exchange Rate: 3.673 U.A.E. Dirahams = 1 U.S. Dollar on Jan 19 201517

Inflation: 3.37% in 201418

* Money supply calculated using the exchange rate 3.673 AED = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201319

N/A (data not available at Relbanks.com)

International Accounts

Exports: $369 billion (96% of GDP) in 201320

Imports: $250 billion (65% of GDP) in 201320

Trade Balance: +$119 billion (+31% of GDP) in 201320

Foreign Direct Investment Inflow: $10 billion (3% of GDP) in 201321

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $5.1 billion (1% of GDP) in 201322

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: ESADE Sovereign Wealth Funds (Public funds) Go back
13. Source: PKF (Individual and corporate tax rates) Go back
14. Source: Central Bank of the U.A.E. (Money supply) Go back
15. Source: Central Bank of the U.A.E. (Benchmark interest rate) Go back
16. Source: World Bank Indicators (Total reserves) Go back
17. Source: Yahoo Finance (Exchange rate) Go back
18. Source: World Bank Indicators (Inflation rate) Go back
19. Source: Relbanks.com (Financial institutions by assets) Go back
20. Source: CIA World Factbook (Trade data) Go back
21. Source: World Bank Indicators (FDI inflow) Go back
22. Source: Global Humanitarian Assistance (Aid outlfow) Go back