About UAE, it’s economy information

1. United Arabian Emirates
Al-Imārāt al-ʿArabiyyah al-Muttaḥidah, Trucial Coast, Trucial
Oman, Trucial Sheikhdoms, Trucial States, U.A.E.

2. Nomadic tribal heritage and modern society co-exist in the
UAE, a federation of seven emirates at the southeastern edge of
the Arabian Peninsula. Look beyond the desert that consumes
four-fifths of its area and you'll find UAE capital Abu Dhabi, an
oil-rich city of skyscrapers, parks and malls, and Dubai, with its
split personality of luxury resorts and covered marketplaces,
upscale boutiques and local artisans. For a break from urban
sprawl, journey over rolling red sand dunes into the Hatta
Mountains, where the 200-year-old Sharia Mosque sits amid 30
restored buildings of sandalwood and mud.
ABOUT U.A.E.
A mix of the charming,
modern, and tried and true.

3. The UAE's economy is highly reliant on
oil exports, but the government has
implemented various economic
diversification efforts to reduce its
dependence on oil. The country has
developed several industries such as
tourism, real estate, finance, and
aviation to drive economic growth.
GDP PER CAPITA

4. The Gross Domestic Product per capita in the United Arab Emirates was
last recorded at 45.698.01 US dollars in 2022. The GDP per Capita in the
United Arab Emirates is equivalent to 362 percent of the world's average

5. GDP per Capita in the United Arab Emirates averaged 64009.30
USD from 1975 until 2022, reaching an all time high of 118141.53
USD in 1980 and a record low of 34540.97 USD in 2010.

6. GDP per Capita in the United Arab Emirates is expected to reach 47663.00 USD by the end of
2024, according to Trading Economics global macro models and analysts expectations. In the
long-term, the United Arab Emirates GDP per capita is projected to trend around 49903.00
USD in 2025 and 52249.00 USD in 2026, according to our econometric models.

7. Additionally, the UAE has a high standard of living,
with residents enjoying access to modern amenities,
healthcare, and education. The country's GDP per
capita is expected to continue growing in the coming
years as the government invests in infrastructure
development and economic diversification initiatives.

8. Inflation rates in the United Arab Emirates
The inflation rate for consumer prices
in the United Arab Emirates moved
over the past 14 years between -2.1%
and 12.3%. For 2022, an inflation rate
of 4.8% was calculated.

9. During the observation period from 2008 to
2022, the average inflation rate was 2.2% per
year. Overall, the price increase was 35.18%. An
item that cost 100 dirhams in 2008 costs 135.18
dirhams at the beginning of 2023.

10. In 2022, the unemployment rate in the United Arab
Emirates was at 2.75 percent of the total labor force. The
unemployment rate depicts the share of a country's labor
force without jobs but available and actively seeking
employment. The United Arab Emirates’ unemployment
rate is quite low, and the region has one of lowest
amounts of unemployed persons worldwide.
Unemployment rate in United Arab Emirates

12. HDI in United Arab Emirates
The Human Development Index (HDI) is an internationally recognized
measure of human development, developed by the United Nations
Development Programme (UNDP). The HDI combines indicators of
income, health, education, and other factors to measure the overall
quality of life of a population. The UAE has seen a steady increase in its
HDI in recent years, rising from 0.766 in 2015 to 0.821 in 2020.

13. United Arab Emirates's Gini Coefficient
The Gini Index is a measure of how equal a country's distribution of
income is. It is a score between 0 and 100. World Economics has
inverted the source index data so that 0 represents very high
inequality levels and 100 represents perfect equality. Perfect
equality means a country's total income is shared equally among its
residents, whereas perfect inequality means a country's total
income is owned by a single individual.
United Arab Emirates's Gini Coefficient Index is 63.1 and was most
recently measured in 2019.

14. Population of United Arab Emirates
9,591,854 74,215 135.05
Current Population
of United Arab
Emirates
Net population
growth this year
Population Density
(people/km²)

15. The United Arab Emirates has the
fifth-largest international migrant
stock in the world, with 7.8 million
migrants out of a total population of
9.2 million. Heavily reliant on foreign
labor to sustain economic growth, the
UAE government in 1971 introduced a
temporary guest worker program.
Migration and immigration in UAE

16. The United Arab Emirates (UAE) has emerged as
a global magnet for Foreign Direct Investment
(FDI). In terms of FDI inflows, the UAE witnessed
a record high of Dh84 billion ($23 billion) in
2022. Despite the UAE GDP being only USD 428
billion (at constant 2015 US$), it has
outperformed larger economies in attracting
FDI, demonstrating its resilience and
attractiveness as an investment destination.
FDI in United Arab Emirates

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