United Arab Emirates | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 3.90 2.3 2.3 3 3 4.3 percent [+]
Unemployment Rate 3.69 4.6 4.6 4.8 4.8 4.9 percent [+]
Inflation Rate 1.20 1.9 2.7 2.9 3.1 2.5 percent [+]
Interest Rate 2.00 2 2.25 2.25 2.25 3 percent [+]
Balance of Trade 250900.00 236000 236000 350000 350000 580000 AED Million [+]
Government Debt to GDP 19.10 19.8 19.8 20.6 20.6 22.32 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 3.67 3.63 3.6 3.56 3.52 3.12 [+]
Stock Market 4455.09 4350 4300 4260 4220 3730 points [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 3.90 2.3 2.3 3 3 4.3 percent [+]
GDP Annual Growth Rate 3.00 1.8 1.8 3 3 4.3 percent [+]
GDP 348.74 377 377 390 390 425 USD Billion [+]
GDP Constant Prices 1391127.36 1209500 1209500 1223405 1223405 1325596 AED Million [+]
Gross Fixed Capital Formation 340110.84 350796 350646 364807 364807 400566 AED Million [+]
GDP per capita 40864.20 40200 40200 41100 41100 43100 USD [+]
GDP per capita PPP 67133.10 70500 70500 74800 74800 80300 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 3.69 4.6 4.6 4.8 4.8 4.9 percent [+]
Population 9.27 9.26 9.79 9.79 9.79 10.4 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.20 1.9 2.7 2.9 3.1 2.5 percent [+]
Consumer Price Index CPI 107.94 110 112 114 116 130 Index Points [+]
Food Inflation 1.10 2.5 2.8 2.6 2.8 2.5 percent [+]
Inflation Rate Mom -0.50 0.2 0.3 0.1 0.1 0.2 percent [+]
CPI Housing Utilities 113.56 115 116 117 118 142 Index Points [+]
CPI Transportation 106.09 102 103 104 106 118 [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 2.00 2 2.25 2.25 2.25 3 percent [+]
Money Supply M0 79100.00 84266 85551 86803 88057 100590 AED Million [+]
Money Supply M1 497500.00 503299 508474 501397 501373 550000 AED Million [+]
Money Supply M2 1264400.00 1276233 1300000 1307162 1324060 1510000 AED Million [+]
Money Supply M3 1459100.00 1464658 1482659 1498724 1514648 1668427 AED Million [+]
Banks Balance Sheet 2520.20 2609 2644 2679 2714 3048 AED Billion [+]
Deposit Interest Rate 3.60 4 4 5 5 6 percent [+]
Interbank Rate 1.55 1.75 2 2 2 3.5 percent [+]
Loan Growth 3.40 5.3 5.5 4.9 5.4 6 percent [+]
Loans To Private Sector 727183.00 733000 739170 745101 750628 819000 AED Million [+]
Central Bank Balance Sheet 385.11 410 400 422 430 528 AED Billion [+]
Foreign Exchange Reserves 317.44 320 328 337 345 567 AED Billion [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 250900.00 236000 236000 350000 350000 580000 AED Million [+]
Exports 1096700.00 1180000 1180000 1390000 1390000 1680000 AED Million [+]
Imports 845800.00 944000 944000 1040000 1040000 1100000 AED Million [+]
Current Account 42400.00 63400 63400 87900 87900 138900 AED Million [+]
Current Account to GDP 3.10 4.7 4.7 5 5 6.8 percent [+]
Gold Reserves 7.46 8 8 9 9 12 Tonnes [+]
Crude Oil Production 2969.00 2952 2820 2882 2849 2920 BBL/D/1K [+]
Terrorism Index 0.42 0.6 0.6 1 1 1.9 [+]
Weapons Sales 12.00 40 40 49 49 52 USD Million [+]
Foreign Direct Investment 33000.00 35560 35560 38748 38748 50000 AED Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 19.10 19.8 19.8 20.6 20.6 22.32 percent [+]
Government Budget -3.90 -2 -2 -0.5 -0.5 0.4 percent of GDP [+]
Government Spending 156849.30 152300 153000 162028 162028 202292 AED Million [+]
Military Expenditure 23680.70 22797 22547 23554 23554 27600 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Manufacturing PMI 57.30 54.8 53.7 56.2 55.1 58 [+]
Changes in Inventories 16027.55 6000 6000 8030 8030 17033 AED Million [+]
Competitiveness Index 5.26 5.3 5.3 5.35 5.35 5.7 Points [+]
Competitiveness Rank 16.00 15 15 14 14 11 [+]
Ease of Doing Business 26.00 24 24 20 20 17 [+]
Corruption Index 66.00 72 72 70 70 80 Points [+]
Corruption Rank 24.00 24 24 26 26 18 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Confidence 110.00 101 105 103 107 99 [+]
Consumer Spending 453623.00 432381 435381 465163 465163 508754 AED Million [+]
Private Sector Credit 1102222.00 1098452 1150000 1170000 1190000 1370000 AED Million [+]
Consumer Credit 349071.00 145395 151323 153206 155482 165395 AED Million [+]
Gasoline Prices 0.48 0.54 0.55 0.58 0.59 0.9 USD/Liter [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 5 5 5 percent [+]