The United Arab Emirates recorded a Current Account surplus of 5.90 percent of the country's Gross Domestic Product in 2020. source: Central Bank of the United Arab Emirates

Current Account to GDP in the United Arab Emirates averaged 9.65 percent from 1980 until 2020, reaching an all time high of 25 percent in 1980 and a record low of 0.10 percent in 1994. This page provides - United Arab Emirates Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates Current Account to GDP - values, historical data and charts - was last updated on August of 2021.

Current Account to GDP in the United Arab Emirates is expected to reach 4.30 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Current Account to GDP is projected to trend around 5.10 percent of GDP in 2022, according to our econometric models.

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United Arab Emirates Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
5.90 8.90 25.00 0.10 1980 - 2020 percent of GDP Yearly

United Arab Emirates Trade Last Previous Highest Lowest Unit
Balance of Trade 228900.00 274600.00 520321.00 40840.00 AED Million [+]
Current Account 77100.00 108900.00 971000.00 12510.00 AED Million [+]
Current Account to GDP 5.90 8.90 25.00 0.10 percent of GDP [+]
Imports 774100.00 856900.00 904700.00 128570.00 AED Million [+]
Exports 1003000.00 1160200.00 1363318.00 177800.00 AED Million [+]
Gold Reserves 54.18 51.42 54.18 0.00 Tonnes [+]
Crude Oil Production 2681.00 2641.00 4033.00 990.00 BBL/D/1K [+]
Terrorism Index 0.00 0.05 1.12 0.00 [+]
Weapons Sales 191.00 135.00 191.00 1.00 SIPRI TIV Million [+]
Foreign Direct Investment 50600.00 38100.00 52100.00 14700.00 AED Million [+]


United Arab Emirates Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.