United Arab Emirates Current Account to GDP

The United Arab Emirates recorded a Current Account surplus of 8.20 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in the United Arab Emirates is reported by the Central Bank of the UAE. From 1980 until 2012, the United Arab Emirates Current Account to GDP averaged 9.2 Percent reaching an all time high of 25.0 Percent in December of 1980 and a record low of 0.1 Percent in December of 1994. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - United Arab Emirates Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
17.30 14.60 25.00 0.10 11.21 | 2013/12 1980 - 2012 Percent Yearly

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United Arab Emirates Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP 17.30 2012-12-31 14.60 25.00 0.10 11.21 2013-12-31 Percent [+]
Balance of Trade 470939.00 2012-12-31 391470.00 470939.00 42160.00 611429.31 2013-12-31 AED Million [+]
Current Account 244416.00 2012-06-29 187110.00 244416.00 12510.00 249854.30 2012-12-31 SYP Million [+]
Imports 814889.00 2012-12-31 717761.00 814889.00 128570.00 823388.94 2013-12-31 AED Million [+]
Exports 1285828.00 2012-12-31 1109231.00 1285828.00 179120.00 1514385.09 2013-12-31 AED Million [+]
Crude Oil Production 2820.00 2013-10-15 2820.00 2820.00 990.00 Thousands Barrels per Day [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

United Arab Emirates Crude Oil Production at 2820.00 Thousands Barrels per Day  
Crude Oil Production in the United Arab Emirates remained unchanged at 2820 Thousands Barrels per Day in October of 2013 from 2820 Thousands Barrels per Day in September of 2013. Crude Oil Production in the United Arab Emirates is reported by the U.S. Energy Information Administration.
United Arab Emirates Changes in Inventories at 8601.96 AED Million  
Changes in Inventories in the United Arab Emirates decreased to 8601.96 AED Million in 2012 from 10009.94 AED Million in 2011. Changes in Inventories in the United Arab Emirates is reported by the National Bureau of Statistics, UAE.
United Arab Emirates Consumer Price Index (CPI) at 119.29 Index Points  
Consumer Price Index (CPI) in the United Arab Emirates increased to 119.29 Index Points in February of 2014 from 119.12 Index Points in January of 2014. Consumer Price Index (CPI) in the United Arab Emirates is reported by the National Bureau of Statistics, UAE.
United Arab Emirates Consumer Spending at 581469.30 AED Million  
Consumer Spending in the United Arab Emirates increased to 581469.30 AED Million in 2012 from 531461.26 AED Million in 2011. Consumer Spending in the United Arab Emirates is reported by the National Bureau of Statistics, UAE.
United Arab Emirates GDP Constant Prices at 1025623.10 AED Million  
GDP Constant Prices in the United Arab Emirates increased to 1025623.10 AED Million in 2012 from 982725.21 AED Million in 2011. GDP Constant Prices in the United Arab Emirates is reported by the National Bureau Of Statistics, UAE.
United Arab Emirates Government Spending at 83171.06 AED Million  
Government Spending in the United Arab Emirates increased to 83171.06 AED Million in 2012 from 80316.44 AED Million in 2011. Government Spending in the United Arab Emirates is reported by the National Bureau of Statistics, UAE.
United Arab Emirates Gross Fixed Capital Formation at 259944.86 AED Million  
Gross Fixed Capital Formation in the United Arab Emirates increased to 259944.86 AED Million in 2012 from 231103.94 AED Million in 2011. Gross Fixed Capital Formation in the United Arab Emirates is reported by the National Bureau Of Statistics, UAE.
United Arab Emirates Current Account at 244416.00 SYP Million  
The United Arab Emirates recorded a Current Account surplus of 244416 SYP Million in 2012. Current Account in the United Arab Emirates is reported by the Central Bank of the United Arab Emirates.
United Arab Emirates Manufacturing Pmi at 57.70  
Manufacturing PMI in the United Arab Emirates increased to 57.70 in March of 2014 from 57.30 in February of 2014. Manufacturing PMI in the United Arab Emirates is reported by HSBC.
United Arab Emirates Interest Rate at 1.00 Percent  
The benchmark interest rate in the United Arab Emirates was last recorded at 1 percent. Interest Rate in the United Arab Emirates is reported by the Central Bank of the United Arab Emirates.
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