Countries
United Arab Emirates
Key Economic Indicators
$870.44 billion
$79,229
3.99%
1.66%
2.17%
$537.079 billion (2024 est.)
<b>note:</b> central government debt as a % of GDP
$79.97 billion
Economic Overview
<p>high-income, oil-driven Middle Eastern economy; fastest GDP growth of Gulf states; diversification through tourism, construction, and services; strong foreign direct investment orientation; continued government investment and business-friendly reforms</p>
All Economic Data
Agricultural products
dates, cucumbers/gherkins, camel milk, goat milk, tomatoes, chicken, goat meat, eggs, milk, camel meat (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
0.3% of household expenditures (2023 est.)
On food:
12.2% of household expenditures (2023 est.)
Budget
Expenditures:
$19.349 billion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$23.248 billion (2023 est.)
Currency
code:
AED
name:
United Arab Emirates dirham (AED) [د.إ]
Current account balance
$79.97 billion
Exchange rates
Currency:
Emirati dirhams (AED) per US dollar -
Exchange rates 2020:
3.672 (2020 est.)
Exchange rates 2021:
3.672 (2021 est.)
Exchange rates 2022:
3.672 (2022 est.)
Exchange rates 2023:
3.672 (2023 est.)
Exchange rates 2024:
3.672 (2024 est.)
Exports
$558.4 billion
Exports 2021:
$425.156 billion (2021 est.)
Exports 2022:
$521.897 billion (2022 est.)
Exports 2023:
$558.402 billion (2023 est.)
Note:
<strong>note: </strong>GDP expenditure basis - exports of goods and services in current dollars
Exports - commodities
crude petroleum, refined petroleum, gold, broadcasting equipment, natural gas (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
China 11%, India 11%, Japan 10%, Iraq 6%, Thailand 4% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$45.64 billion
GDP - composition, by end use
Exports of goods and services:
108.6% (2023 est.)
Government consumption:
12.4% (2023 est.)
Household consumption:
45.6% (2023 est.)
Imports of goods and services:
-93.7% (2023 est.)
Investment in fixed capital:
27.1% (2023 est.)
Investment in inventories:
0% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
0.7% (2023 est.)
Industry:
47.7% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
51.6% (2023 est.)
GDP (official exchange rate)
$537.079 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$50,274
Gini Index coefficient - distribution of family income
26 (2018)
Gini Index coefficient - distribution of family income 2018:
26.4 (2018 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$568.34 billion
GNI per capita
$51,550
Gross domestic investment
27 % of GDP
Household income or consumption by percentage share
Highest 10%:
20.5% (2018 est.)
Lowest 10%:
2.8% (2018 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$481.85 billion
Imports 2021:
$347.529 billion (2021 est.)
Imports 2022:
$427.992 billion (2022 est.)
Imports 2023:
$481.852 billion (2023 est.)
Note:
<strong>note: </strong>GDP expenditure basis - imports of goods and services in current dollars
Imports - commodities
gold, broadcasting equipment, cars, refined petroleum, diamonds (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 19%, India 7%, USA 6%, Turkey 4%, Japan 4% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
0.8% (2023 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
petroleum and petrochemicals; fishing, aluminum, cement, fertilizer, commercial ship repair, construction materials, handicrafts, textiles
Inflation rate (consumer prices)
1.66%
Inflation rate (consumer prices) 2022:
5.3% (2022 est.)
Inflation rate (consumer prices) 2023:
1.6% (2023 est.)
Inflation rate (consumer prices) 2024:
1.7% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
7.09 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
7.42 million persons
Labor force - by occupation
agriculture:
1.44%
industry:
30.59%
services:
67.97%
Public debt
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2017:
19.7% of GDP (2017 est.)
Real GDP (purchasing power parity)
$870.44 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$693.842 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$718.95 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$745.994 billion (2024 est.)
Real GDP growth rate
3.99%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
7.5% (2022 est.)
Real GDP growth rate 2023:
3.6% (2023 est.)
Real GDP growth rate 2024:
3.8% (2024 est.)
Real GDP per capita
$79,229
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$68,900 (2022 est.)
Real GDP per capita 2023:
$68,600 (2023 est.)
Real GDP per capita 2024:
$68,600 (2024 est.)
Remittances
$1.8 billion
Reserves of foreign exchange and gold
$237.93 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$138.433 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$189.491 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$237.931 billion (2024 est.)
Revenue (excl grants)
3 % of GDP
Tax revenue
1 % of GDP
Taxes and other revenues
0.6% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
2.17%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
2.9% (2022 est.)
Unemployment rate 2023:
2.2% (2023 est.)
Unemployment rate 2024:
2.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
12.1% (2024 est.)
Male:
4.1% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
6.4% (2024 est.)
World Bank Indicators
Currency
United Arab Emirates dirham (AED) . (2025)
Gini Index
26.00 (2018)
Languages
Arabic (2025)
Economic Rankings
Reserves
#14
GDP per Capita
#15
Imports
#18
Exports
#19
GDP (Nominal)
#28
GDP (PPP)
#37
GDP Growth Rate
#39
Unemployment Rate
#155
Inflation Rate
#155
Gini Index
#168
Quick Facts
Industries
petroleum and petrochemicals; fishing, aluminum, cement, fertilizer, commercial ship repair, construction materials, handicrafts, textiles
Agricultural products
dates, cucumbers/gherkins, camel milk, goat milk, tomatoes, chicken, goat meat, eggs, milk, camel meat (2023)
Labor force
7.09 million (2024 est.)
Exports - partners
China 11%, India 11%, Japan 10%, Iraq 6%, Thailand 4% (2023)
Imports - partners
China 19%, India 7%, USA 6%, Turkey 4%, Japan 4% (2023)
Exchange rates
Emirati dirhams (AED) per US dollar -
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