United Arab Emirates | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 3.90 2.4 2.3 2.3 1.35 4.3 percent [+]
Unemployment Rate 4.20 4.5 4.6 4.6 4.6 4.9 percent [+]
Inflation Rate 0.60 1.2 1.5 1.8 2.1 3.3 percent [+]
Interest Rate 1.25 1.75 2 2 2 5.25 percent [+]
Balance of Trade 328300.00 150000 236000 236000 236000 580000 AED Million [+]
Government Debt to GDP 15.68 21 19.8 19.8 19.8 22.32 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 3.67 3.71 3.74 3.78 3.82 4.4 [+]
Stock Market 4308.77 4260 4210 4170 4130 3440 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 3.90 2.4 2.3 2.3 1.35 4.3 percent [+]
GDP Annual Growth Rate 3.40 2.3 2.5 2.5 2.6 4.3 percent [+]
GDP 370.29 403 403 403 395 415 USD Billion [+]
GDP Constant Prices 1184655.70 1209188 1239501 1239814 1249814 1365597 AED Million [+]
Gross Fixed Capital Formation 340110.84 339388 352240 35092 350796 398609 AED Million [+]
GDP per capita 39543.71 39695 39801 39908 40014 29600 USD [+]
GDP per capita PPP 66102.19 67900 67900 67900 64895 80300 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.20 4.5 4.6 4.6 4.6 4.9 percent [+]
Population 9.16 9.29 9.34 9.4 9.45 10.4 Million [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.60 1.2 1.5 1.8 2.1 3.3 percent [+]
Consumer Price Index CPI 127.89 130 130 132 135 155 Index Points [+]
Food Inflation 1.70 1.9 2.2 2.7 2.9 2.5 percent [+]
Inflation Rate Mom -0.30 0.4 0.2 0.3 0.2 0.2 percent [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.25 1.75 2 2 2 5.25 percent [+]
Money Supply M0 76500.00 78660 80034 81426 82835 103103 AED Million [+]
Money Supply M1 472400.00 496000 499000 504142 536273 550000 AED Million [+]
Money Supply M2 1203300.00 1223031 1245689 1268294 1290943 1510000 AED Million [+]
Money Supply M3 1362900.00 1383428 1399278 1415825 1432875 1680149 AED Million [+]
Banks Balance Sheet 2437.10 2487 2531 2576 2622 3293 AED Billion [+]
Deposit Interest Rate 3.60 1.9 1.9 1.9 1.9 4 percent [+]
Loan Growth 6.00 6.3 6 5.8 5.3 6 percent [+]
Loans To Private Sector 718567.00 708000 710000 714560 718600 819000 AED Million [+]
Interbank Rate 1.41 1.3 1.3 1.3 1.5 2 percent [+]
Central Bank Balance Sheet 350.52 380 392 400 410 528 AED Billion [+]
Foreign Exchange Reserves 295.08 315 328 328 340 567 AED Billion [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 328300.00 150000 236000 236000 236000 580000 AED Million [+]
Exports 1224300.00 1050000 1180000 118000 1180000 1680000 AED Million [+]
Imports 896000.00 900000 944000 944000 944000 1100000 AED Million [+]
Current Account 79300.00 55200 63400 63400 63400 138900 SYP Million [+]
Current Account to GDP 5.80 4 4.7 4.7 4.7 7.28 percent [+]
Gold Reserves 7.52 7.5 7.5 7.8 8 12 Tonnes [+]
Crude Oil Production 3188.00 2820 2820 2820 3100 2920 BBL/D/1K [+]
Terrorism Index 0.42 0.36 0.39 0.41 0.43 1.9 [+]
Weapons Sales 63.00 30.79 36.03 41.28 38 52 USD Million [+]
Foreign Direct Investment 38200.00 32560 35560 35560 35560 56000 AED Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 15.68 21 19.8 19.8 19.8 22.32 percent [+]
Government Budget 5.00 -1 -1 -1 -2 1.5 percent of GDP [+]
Government Spending 156849.30 148300 152300 152300 153000 202292 AED Million [+]
Military Expenditure 22755.10 22177 21936 21695 22043 26521 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Manufacturing PMI 53.30 52.2 52.9 54.1 54.8 58 [+]
Changes in Inventories 16027.55 5100 5500 5800 6000 17033 AED Million [+]
Competitiveness Index 5.26 5.2 5.36 5.22 5.22 5.7 Points [+]
Competitiveness Rank 16.00 18 16 16 20.79 11 [+]
Ease of Doing Business 26.00 30 28 28 28 26 [+]
Corruption Index 70.00 71 71 72 72 80 Points [+]
Corruption Rank 23.00 24 24 24 24 18 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 108.00 105 107 104 101 113 [+]
Consumer Spending 453623.00 406977 432381 432381 432381 508754 AED Million [+]
Private Sector Credit 1087804.00 1090460 1075742 1085755 1098452 1370000 AED Million [+]
Consumer Credit 138954.00 139547 140224 142224 145395 165395 AED Million [+]
Gasoline Prices 0.49 0.46 0.48 0.5 0.53 0.9 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/5/2016