United Arab Emirates GDP Growth Rate

The Gross Domestic Product (GDP) in the United Arab Emirates expanded 4.40 percent in 2012 from the previous year. GDP Growth Rate in the United Arab Emirates is reported by the National Bureau of Statistics, UAE. From 2000 until 2012, the United Arab Emirates GDP Growth Rate averaged 4.6 Percent reaching an all time high of 9.8 Percent in December of 2006 and a record low of -4.8 Percent in December of 2009. United Arab Emirates is one of the most developed countries in the Arab Gulf and has one of world´s highest GDP per capita. The country still has a commodity-based economy, with shipments of oil and natural gas accounting for 40 percent of total exports and for 38 percent of GDP. Yet, in order to diversify the economy and reduce the dependence on oil revenues, UAE has been making huge investments in the tourism, financial and construction sectors. In 2012, manufacturing activity accounted for 42% of output growth, transport/communication for 23%, wholesale/retail trade for 16.5% and restaurants/hotels for 15.5% while construction and agriculture contracted. This page provides - United Arab Emirates GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
4.40 3.90 9.80 -4.80 6.42 | 2014/06 2000 - 2012 Percent Yearly

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United Arab Emirates GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 24824.80 2011-12-31 25020.82 81947.24 24824.80 23408.30 2014-06-30 USD [+]
GDP per capita PPP 37392.46 2011-12-31 37687.72 123433.40 37392.46 35258.86 2014-06-30 USD [+]
GDP Growth Rate 4.40 2012-12-31 3.90 9.80 -4.80 6.42 2014-06-30 Percent [+]
GDP Annual Growth Rate 4.40 2012-12-31 3.90 9.80 -4.80 6.42 2014-06-30 Percent [+]
GDP Constant Prices 1025623.10 2012-06-29 982725.21 1025623.10 652734.04 1100066.58 2014-06-30 AED Million [+]
Gross Fixed Capital Formation 259944.86 2012-06-29 231103.94 259944.86 100944.50 321980.55 2014-06-30 AED Million [+]
GDP 360.00 2011-12-31 298.00 360.00 2.85 497.56 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

United Arab Emirates Inflation Rate at 1.85 Percent  
The inflation rate in the United Arab Emirates was recorded at 1.85 percent in March of 2014. Inflation Rate in the United Arab Emirates is reported by the Ministry of Economy, UAE.
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 119.61 Index Points  
Consumer Price Index (CPI) in the United Arab Emirates increased to 119.61 Index Points in March of 2014 from 119.29 Index Points in February 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 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 December of 2013 from 2820 Thousands Barrels per Day in November of 2013. Crude Oil Production in the United Arab Emirates is reported by the U.S. Energy Information Administration.
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.
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