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 1.90 1.5 1.8 2.1 2.5 3.3 percent [+]
Interest Rate 1.50 1.5 1.75 1.75 2 5.25 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 3.74 3.78 3.82 3.85 4.4 [+]
Stock Market 4657.57 4380 4340 4290 4250 3580 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 370.29 403 403 392 404 415 USD Billion [+]
GDP Constant Prices 1184655.70 1239501 1239814 1249814 1240440 1365597 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 1.90 1.5 1.8 2.1 2.5 3.3 percent [+]
Consumer Price Index CPI 107.07 130 132 135 140 155 Index Points [+]
Food Inflation -0.40 2.2 2.7 2.9 3 2.5 percent [+]
Inflation Rate Mom 0.00 0.2 0.3 0.2 0.3 0.2 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.50 1.5 1.75 1.75 2 5.25 percent [+]
Money Supply M0 78000.00 78852 80287 81739 83212 102712 AED Million [+]
Money Supply M1 474000.00 499000 504142 516121 508474 550000 AED Million [+]
Money Supply M2 1225500.00 1240628 1263016 1285503 1300000 1510000 AED Million [+]
Money Supply M3 1411400.00 1392008 1410146 1428649 1447464 1694530 AED Million [+]
Banks Balance Sheet 2460.30 2500 2530 2560 2589 2904 AED Billion [+]
Deposit Interest Rate 3.60 1.9 1.9 1.9 2 4 percent [+]
Loan Growth 6.00 6 5.8 5.3 5.5 6 percent [+]
Loans To Private Sector 718567.00 710000 714560 718600 723170 819000 AED Million [+]
Interbank Rate 1.41 1.3 1.3 1.5 1.5 2 percent [+]
Central Bank Balance Sheet 339.84 392 400 410 422 528 AED Billion [+]
Foreign Exchange Reserves 285.20 328 328 340 368 567 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 7.28 percent [+]
Gold Reserves 7.52 7.5 7.8 8 8 12 Tonnes [+]
Crude Oil Production 3220.00 2820 2820 3117 2820 2920 BBL/D/1K [+]
Terrorism Index 0.42 0.47 0.43 0.4 1.28 1.9 [+]
Weapons Sales 63.00 30.79 36.03 41.28 38 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 55.00 52.9 54.1 54.8 53.7 58 [+]
Changes in Inventories 16027.55 5500 5800 6000 7743 17033 AED Million [+]
Competitiveness Index 5.26 5.36 5.22 5.22 5.22 5.7 Points [+]
Competitiveness Rank 16.00 16 16 20.79 16 11 [+]
Ease of Doing Business 26.00 28 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 Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 108.00 107 104 101 105 113 [+]
Consumer Spending 453623.00 432381 432381 432381 435381 508754 AED Million [+]
Private Sector Credit 1086510.00 1075742 1085755 1098452 1150000 1370000 AED Million [+]
Consumer Credit 138954.00 140224 142224 145395 151323 165395 AED Million [+]
Gasoline Prices 0.49 0.46 0.48 0.5 0.53 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. 1/24/2017