INSTAGRAM @iamjimitpatel Follow me on Instagram for help ------------ United Arab Emirates: About the economy of one highly developed country - By Jimit Patel

1. Presented by
Jimit Patel

2. Country in Middle East
Population: 9.631 million (2018)
Language: Arabic (official)
Currency: UAE Dirham (AED)
Popular city: Dubai
Gross domestic product: 354 billion
USD (2020)
The economy of the UAE is the second
largest in the Middle East
United Arab Emirates
About UAE

3. Since the UAE was established, its economy has grown 200-fold.
The second biggest economy in the Arab world after Saudi Arabia, and accounts for
more than a quarter of the gross domestic product (GDP) of the Gulf Cooperation
Council (GCC).
Nearly 14% of the combined GDP of the countries in the Middle East.
Growth in the UAE has averaged 4.8% over the last four years driven by in
(Services, Real estate and Infrastructure spending).
Economy of UAE

4. GDP

5. Economic Outlook
The UAE has one of the most open economies in the world. This tradition of
welcoming business and trade goes back to early Gulf history, when ships sailed to
India and along the coast of East Africa as far south as Mozambique.
The UAE continues to be a strategic hub, with business-friendly free zones and a
quickly growing economy. The country has experienced significant economic
growth. Average GDP growth over 2000 to 2006 in the UAE was about 8.4
percent—the highest in the Gulf Cooperation Council, which averaged 6.5 percent.
The GDP for 2014 was $419 billion. This reflects the rich natural resources in the
UAE, which has 10 percent of the total world supply of oil reserves and the world’s
fifth largest natural gas reserves.

6. A number of global business indexes have recognized the advantages that the UAE
brings to international business.
AT Kearney ranks the UAE as one of the top 20 best places in the world for global
service business.
The UAE is ranked in the top 30 on the World Economic Forum’s “most-networked
countries”—ahead of all other Arab nations, as well as countries like Spain, Italy,
Turkey and India.
The UAE also gets positive rankings from Transparency International’s corruption
index, ranking in the top quarter as a least corrupt country.
Recognized Leadership

7. Economic Trends (Trade)
The world's twentieth biggest exporter
in merchandise trade in 2011, according
to WTO.
25th largest export economy in the world
according to (ECI).
The UAE is the world's third-largest re-
export market (trailing only Hong Kong
and Singapore) and trades with more
than 220 countries.
24th largest importer in the world (2013)
Trade
Growth rate in Imports, Non-Oil Exports & Re-Exports
Compared to the base year 2002
Exports, Imports and Re-Exports:

8. UAE Export Products
Agricultural Products
Industry Products

9. Banking and Financing
The sector is governed
by UAE central Bank
established in 1980
The UAE's financial sector largely escaped the buffeting felt by international banks in
2012 in the wake of the euro-zone crisis. Indeed national banks performed better in
2012, with their net earnings increasing by around 11.4 per cent.

10. The projected annual inflation rate in 2015 and 2016 is 2.3% and 2.5% with biggest
increase in housing expenditure by 2.48% due to increase in housing cost. However,
inflation is still below its historic average, which indicates that the economy is steadily
growing with unemployment rate reduced to 4.2% in 2014.
Inflation

11. Graph presents the unemployment trend line in United Arab Emirates in the long term.
Forecasts show an unemployment rate assumed to be 3.6% in year 2015, 5.4% in
2020, and 6.04% in 2030.
Unemployment Rate

12. heritage.org
uae-embassy.org
u.ae/en/
nationsencyclopedia.com
focus-economics.com
wikipedia.org
Reference