United Arab Emirates | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 3.90 2.3 2.3 1.81 2.3 4.3 percent [+]
Unemployment Rate 4.20 4.6 4.6 4.6 4.6 4.9 percent [+]
Inflation Rate 2.30 3 2.7 2.9 3.3 3.3 percent [+]
Interest Rate 1.75 1.75 1.75 2 2.25 3 percent [+]
Balance of Trade 328300.00 236000 236000 236000 236000 580000 AED Million [+]
Government Debt to GDP 15.68 19.8 19.8 19.8 19.8 22.32 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3.67 3.71 3.74 3.78 3.85 4.4 [+]
Stock Market 4495.28 4510 4460 4420 4320 3640 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 3.90 2.3 2.3 1.81 2.3 4.3 percent [+]
GDP Annual Growth Rate 3.40 2.5 2.5 2.6 2.6 4.3 percent [+]
GDP 370.29 377 377 377 377 425 USD Billion [+]
GDP Constant Prices 1184655.70 1209500 1209500 1209500 1209500 1325596 AED Million [+]
Gross Fixed Capital Formation 340110.84 352240 35092 350796 339388 398609 AED Million [+]
GDP per capita 39313.30 39024 39248 39471 26400 29600 USD [+]
GDP per capita PPP 65716.98 67900 67900 66582 70500 80300 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 4.20 4.6 4.6 4.6 4.6 4.9 percent [+]
Population 9.16 9.21 9.23 9.26 9.79 10.4 Million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 2.30 3 2.7 2.9 3.3 3.3 percent [+]
Consumer Price Index CPI 107.19 130 132 135 140 155 Index Points [+]
Food Inflation 0.60 0.8 2.1 2.5 2.8 2.5 percent [+]
Inflation Rate Mom 0.70 0.2 0.3 0.2 0.3 0.2 percent [+]
Cpi Transportation 100.49 100 100 100 100 100 [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.75 1.75 1.75 2 2.25 3 percent [+]
Money Supply M0 77500.00 78106 79280 80495 81704 96211 AED Million [+]
Money Supply M1 488900.00 499000 504142 503892 508474 550000 AED Million [+]
Money Supply M2 1244200.00 1252712 1272877 1290768 1300000 1510000 AED Million [+]
Money Supply M3 1442500.00 1452491 1473349 1491213 1509626 1720507 AED Million [+]
Banks Balance Sheet 2517.40 2530 2565 2599 2634 3022 AED Billion [+]
Deposit Interest Rate 3.60 1.9 1.9 1.9 2 4 percent [+]
Interbank Rate 1.43 1.3 1.3 1.5 1.5 2 percent [+]
Loan Growth 5.40 6 5.8 5.3 5.5 6 percent [+]
Loans To Private Sector 718567.00 710000 714560 718600 723170 819000 AED Million [+]
Central Bank Balance Sheet 364.82 350 370 410 400 528 AED Billion [+]
Foreign Exchange Reserves 308.00 276 280 270 290 567 AED Billion [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 328300.00 236000 236000 236000 236000 580000 AED Million [+]
Exports 1224300.00 1180000 118000 1180000 1180000 1680000 AED Million [+]
Imports 896000.00 944000 944000 944000 944000 1100000 AED Million [+]
Current Account 79300.00 63400 63400 63400 63400 138900 SYP Million [+]
Current Account to GDP 5.80 4.7 4.7 4.7 4.7 6.8 percent [+]
Gold Reserves 7.56 7.5 7.8 8 8 12 Tonnes [+]
Crude Oil Production 3060.00 2820 2820 3105 2820 2920 BBL/D/1K [+]
Terrorism Index 0.42 0.47 0.5 0.6 0.6 1.9 [+]
Weapons Sales 63.00 30.79 36.03 38 40 52 USD Million [+]
Foreign Direct Investment 38200.00 35560 35560 35560 41523 56000 AED Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 15.68 19.8 19.8 19.8 19.8 22.32 percent [+]
Government Budget 5.00 -1 -1 -2 -2 1.5 percent of GDP [+]
Government Spending 156849.30 152300 152300 153000 153950 202292 AED Million [+]
Military Expenditure 22755.10 22177 21936 21695 22043 26521 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Manufacturing PMI 56.00 52.9 54.1 54.8 53.7 58 [+]
Changes in Inventories 16027.55 5500 5800 6000 6000 17033 AED Million [+]
Competitiveness Index 5.26 5.3 5.3 5.3 5.3 5.7 Points [+]
Competitiveness Rank 16.00 15 15 15 15 11 [+]
Ease of Doing Business 26.00 28 28 28 28 26 [+]
Corruption Index 66.00 71 72 72 72 80 Points [+]
Corruption Rank 24.00 24 24 24 24 18 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 108.00 107 104 101 105 99 [+]
Consumer Spending 453623.00 432381 432381 432381 435381 508754 AED Million [+]
Private Sector Credit 1095850.00 1075742 1085755 1098452 1150000 1370000 AED Million [+]
Consumer Credit 138954.00 140224 142224 145395 151323 165395 AED Million [+]
Gasoline Prices 0.49 0.48 0.5 0.53 0.55 0.9 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 55.00 55 55 55 55 55 percent [+]
Personal Income Tax Rate 0.00 0 0 0 0 0 percent [+]
Social Security Rate 17.50 17.5 17.5 17.5 17.5 17.5 percent [+]
Social Security Rate For Companies 12.50 12.5 12.5 12.5 12.5 12.5 percent [+]
Social Security Rate For Employees 5.00 5 5 5 5 5 percent [+]
Sales Tax Rate 0.00 0 0 0 0 5 percent [+]





Economic Forecasts for the United Arab Emirates including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the the United Arab Emirates economy. 3/25/2017