1UpTravel


 

You are here >1uptravel > International > Middle East > United Arab Emirates



ADVERTISEMENT

Country

 At a Glance

  Introduction

  Topography

  History & Culture

  Life

  Cuisine

  Holidays

  Festivals

  Embassies

  Administration

  Newstand


 Worth a Visit !!

  Cities

  Attractions

  Maps & Cities

  Shopping

  Eating Out

  Recreation

  Essentials

  Travel Links


 Country Facts

  Introduction

  Geography

  People

  Government

  Economy

  Communications

  Transportation

  Military

  Transnational issues


Related

  United Arab Emirates Guide
  United Arab Emirates Maps
  United Arab Emirates Hotels
  United Arab Emirates Flag
  More United Arab Emirates Flags
  United Arab Emirates Geography
  United Arab Emirates Travel Warning



Travel & Tourism . Tourist Guide to the Country

United Arab Emirates Economy




United Arab Emirates    Economy Top of Page
Economy - overview: The UAE has an open economy with a high per capita income and a sizable annual trade surplus. Its wealth is based on oil and gas output (about 33% of GDP), and the fortunes of the economy fluctuate with the prices of those commodities. Since 1973, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. At present levels of production, oil and gas reserves should last for more than 100 years. Despite higher oil revenues in 1999-2000, the government has not drawn back from the economic reforms implemented during the 1998 oil price depression. The government has increased spending on job creation and infrastructure expansion and is opening up its utilities to greater private-sector involvement.
GDP: purchasing power parity - $54 billion (2000 est.)
GDP - real growth rate: 4% (2000 est.)
GDP - per capita: purchasing power parity - $22,800 (2000 est.)
GDP - composition by sector: agriculture:  3%

industry:  52%

services:  45% (1996 est.)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%:  NA%

highest 10%:  NA%
Inflation rate (consumer prices): 4.5% (2000 est.)
Labor force: 1.4 million (1998 est.)

note:  75% of the population in the 15-64 age group is non-national (July 1998 est.)
Labor force - by occupation: services 60%, industry 32%, agriculture 8% (1996 est.)
Unemployment rate: NA%
Budget: revenues:  $6.5 billion

expenditures:  $7.3 billion, including capital expenditures of $NA (2000 est.)
Industries: petroleum, fishing, petrochemicals, construction materials, some boat building, handicrafts, pearling
Industrial production growth rate: 4% (2000)
Electricity - production: 36.7 billion kWh (1999)
Electricity - production by source: fossil fuel:  100%

hydro:  0%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 34.131 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: dates, vegetables, watermelons; poultry, eggs, dairy products; fish
Exports: $46 billion (f.o.b., 2000 est.)
Exports - commodities: crude oil 45%, natural gas, reexports, dried fish, dates
Exports - partners: Japan 30%, India 7%, Singapore 6%, South Korea 4%, Oman, Iran (1999)
Imports: $34 billion (f.o.b., 2000 est.)
Imports - commodities: machinery and transport equipment, chemicals, food
Imports - partners: Japan 9%, US 8%, UK 8%, Italy 6%, Germany, South Korea (1999)
Debt - external: $12.6 billion (2000 est.)
Economic aid - recipient: $NA
Currency: Emirati dirham (AED)
Currency code: AED
Exchange rates: Emirati dirhams per US dollar - central bank mid-point rate: 3.6725 (since 1998); 3.6711 (1997), 3.6710 (1995-96)
Fiscal year: calendar year

 

Countryfacts Information Courtesy: CIA Worldbook








Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


CHANNELS

Compare Country InfoHotel DirectoryGeographyFlagsWorld MapsTravel WarningsNational Parks

DESTINATIONS

AsiaAfricaCaribbeanMiddle EastNorth AmericaSouth AmericaCentral AmericaOceania PacificEuropePolar Regions

PHOTO SPECIAL

DestinationsMonumentsAncient WondersModern Wonders Natural Wonders

UTILITIES

World TimeISD CodesTravel Links Link Exchange

 



Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright © 1Up Travel All Rights Reserved.
Go Up

Privacy Policy