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UAE GDP per capita (Purchasing Power Parity PPP)
UAE GDP per capita (Purchasing Power Parity PPP) chart, historical data, forecast and news. UAE Gross Domestic Product (GDP) expanded 23.25% over the last 4 quarters. The UAE Gross Domestic Product is worth 163 billion dollars or 0.26% of the world economy, according to the World Bank. The United Arab Emirates has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2006 | | | | | | | | | | | | 53212.00 |
About GDP Per Capita Adjusted by Purchasing Power parity
The GDP dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. However, economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), despite being critical to national development, therefore, the sales of foreign apparel or gasoline per liter in China is more accurately measured by the nominal figure, but everyday food and haircuts by PPP.
The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).
source (wikipedia)
Global Economics
Debt Crisis May Endanger Europe's Economic Recovery
Published: 2/6/2010 12:24:28 PM
By: Anna Fedec, contact@tradingeconomics.com
In the third quarter of 2009, the Euro Area economy emerged from the worst recession since World War II. Yet, during the last few weeks, the single currency union has been facing the biggest challenge since its establishments as lower tax revenues started bringing fiscal deficit in some member countries to unsustainable levels.
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Canada Gained Jobs in January
Published: 2/5/2010 8:49:14 AM
By: TradingEconomics.com, Bloomberg
Canada gained more jobs than expected in January, led by part-time positions for youth, pushing the unemployment rate down. Employment rose by 43,000 last month, and the unemployment rate fell to 8.3 percent.
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US Payrolls Fall in January, Unemployment at 9.7%
Published: 2/5/2010 8:38:28 AM
By: TradingEconomics.com, Reuters
Employers unexpectedly cut 20,000 in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.
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Australia's Monetary Policy Has Been Driven By China’s Growth
Published: 2/4/2010 3:59:34 PM
By: Anna Fedec, contact@tradingeconomics.com
In February, the Reserve Bank of Australia left interest rates unchanged despite of an influx of indicators pointing to growth acceleration and price pressures. Yet, after an explanation given by governor Stevens, it became clear that this unexpected decision was mainly prompted by recent Chinese easing of economic stimulus measures.
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Bank of England Halts Bond Purchase Program
Published: 2/4/2010 10:30:30 AM
By: TradingEconomics.com, Bank of England
The Bank of England paused its 200 billion-pound ($317 billion) bond-purchase plan and left open the option to buy more as officials gauge the health of the U.K.’s recovery.
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ECB Holds Rates, Sees Moderate, Uneven Recovery
Published: 2/4/2010 10:25:48 AM
By: TradingEconomics.com, Reuters
The European Central Bank kept interest rates at a record low of 1.0 percent on Thursday and reaffirmed its view that the euro zone's economic recovery would be modest and uneven this year.
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New Zealand Jobless Rate Rises to 7.3%
Published: 2/3/2010 5:18:24 PM
By: TradingEconomics.com, Bloomberg
New Zealand’s unemployment rate soared to the highest level in more than 10 years in the fourth quarter as a slow recovery from recession made companies reluctant to hire extra workers.
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ADP Says U.S. Companies Cut Estimated 22,000 Jobs
Published: 2/3/2010 9:32:30 AM
By: TradingEconomics.com, Bloomberg
Companies in the U.S. cut an estimated 22,000 jobs in January, in line with forecasts, according to data from a private report based on payrolls.
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Australian Trade Deficit Widens
Published: 2/2/2010 10:52:30 PM
By: TradingEconomics.com, Bloomberg
Australia’s trade deficit widened in December as imports of goods including gasoline surged the most in almost two years, adding to evidence of an economic rebound.
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Despite Recent Growth, US Recovery is Still Weak
Published: 2/2/2010 12:59:10 PM
By: Anna Fedec, contact@tradingeconomics.com
In the fourth quarter of 2009, the United States economy expanded at an annualized rate of 5.7% giving the impression that the recovery in world’s largest economy has been stronger than expected. Yet, growth was mainly due to inventory rebuilding and the recent economic expansion maybe short lived.
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