United Arab Emirates - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.69 4.8 4.8 3.6 4.8 4.9 percent
Inflation Rate 2.70 2.3 3.1 3.3 3.3 3.4 percent
Interest Rate 2.25 2.25 2.25 3 2.5 3 percent
Balance of Trade 250900.00 350000 350000 250978 350000 580000 AED Million
Government Debt to GDP 19.10 20.6 20.6 17.9 20.6 22.32 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 3.67
3.67 3.67 3.67 3.67 3.67
Stock Market 4593.50
points
4485 4359 4236 4116 3275
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 3.00
percent
3.9 3.9 3.9 3.9 4.3
GDP 348.74
USD Billion
390 390 342 390 425
GDP Constant Prices 1391127.36
AED Million
1223405 1223405 1431795 1223405 1325596
Gross Fixed Capital Formation 296297.26
AED Million
375000 375000 375000 375000 430000
GDP per capita 40864.20
USD
41100 41100 42015 41100 43100
GDP per capita PPP 67133.10
USD
74800 74800 68941 74800 80300
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 3.69
percent
4.8 4.8 3.6 4.8 4.9
Population 9.27
Million
9.46 9.5 9.54 9.93 10.4
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 2.70
percent
2.3 3.1 3.3 3.3 3.4
Consumer Price Index CPI 109.36
Index Points
108 108 108 108 110
Food Inflation 3.23
percent
2.5 2.2 2.4 2.6 3
Inflation Rate Mom 0.69
percent
0.5 0.6 0.7 0.7 0.9
CPI Housing Utilities 112.95
Index Points
114 114 114 114 116
CPI Transportation 108.96
104 106 105 110 118
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 2.25
percent
2.25 2.25 3 2.5 3
Money Supply M0 85400.00
AED Million
85666 85603 85494 85377 83990
Money Supply M1 492400.00
AED Million
493202 492725 491601 510000 550000
Money Supply M2 1276200.00
AED Million
1291751 1299648 1302544 1340000 1510000
Money Supply M3 1487100.00
AED Million
1486034 1483342 1480908 1478519 1451063
Banks Balance Sheet 2586.40
AED Billion
2606 2610 2609 2605 2552
Loan Growth 0.40
percent
4.9 5.4 1.23 5.2 6
Loans To Private Sector 732931.00
AED Million
745101 750628 713338 754000 819000
Interbank Rate 1.89
percent
2 2 2.07 2.5 3.5
Central Bank Balance Sheet 385.20
AED Billion
422 430 370 445 528
Foreign Exchange Reserves 330.34
AED Billion
337 345 321 394 567
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 250900.00
AED Million
350000 350000 250978 350000 580000
Exports 1096700.00
AED Million
1390000 1390000 1054406 1390000 1680000
Imports 845800.00
AED Million
1040000 1040000 830870 1040000 1100000
Current Account 42400.00
AED Million
87900 87900 25606 87900 138900
Current Account to GDP 3.10
percent
5 5 6.21 5 6.8
Gold Reserves 7.53
Tonnes
9 9 7.14 9 12
Crude Oil Production 2850.00
BBL/D/1K
2833 2802 2772 2820 2920
Terrorism Index 0.21
1 1 0.28 1 1.9
Weapons Sales 12.00
USD Million
49 49 18.22 49 52
Foreign Direct Investment 33000.00
AED Million
38748 38748 28725 38748 50000
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 19.10
percent
20.6 20.6 17.9 20.6 22.32
Government Budget -3.90
percent of GDP
-0.5 -0.5 -3.91 -0.5 0.4
Government Spending 161696.03
AED Million
162028 162028 165238 162028 153639
Military Expenditure 23680.70
USD Million
23554 23554 23829 23390 18828
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Manufacturing PMI 56.80
56.2 55.1 56.35 54 58
Changes in Inventories 18346.23
AED Million
8030 8030 17999 8030 16671
Internet Speed 8570.97
KBps
8693 9004 8219 8358 7269
IP Addresses 1353580.00
IP
1362413 1356460 1349865 1343013 1290244
Competitiveness Index 5.30
Points
5.35 5.35 5.26 5.35 5.7
Competitiveness Rank 17.00
14 14 17 14 11
Ease of Doing Business 21.00
27 20 27 20 17
Corruption Index 66.00
Points
70 70 66 65 80
Corruption Rank 24.00
25 25 25 26 18
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 110.00
Index Points
106 107 107 107 109
Consumer Spending 753017.47
AED Million
533121 465163 558705 465163 508754
Private Sector Credit 1105116.00
AED Million
1170000 1190000 1110755 1220000 1370000
Consumer Credit 324849.00
AED Million
153206 155482 325838 156465 165395
Gasoline Prices 0.58
USD/Liter
0.58 0.59 0.49 0.6 0.9
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 55.00
percent
55 55 54 54 53
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Social Security Rate 17.50
percent
17.5 17.5 18 18 18
Social Security Rate For Companies 12.50
percent
12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees 5.00
percent
5 5 5 5 5
Sales Tax Rate 5.00
percent
5 5 5 5 5
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 7.58
mm
14.02 3.77 1.48 3.87 5.96
Temperature 20.76
celsius
20.69 31.4 34.68 24.32 28.37