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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.72 1.7 1.7 1.6 1.6 1.8 percent
Inflation Rate 3.50 3.2 3.3 3.1 3 2.9 percent
Interest Rate 2.25 2.5 2.75 2.75 3 3.25 percent
Balance of Trade 315100.00 351256 191320 371910 372815 580000 AED Million
Government Debt to GDP 20.70 20.6 20.6 21.4 21.4 22.3 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 3.67
3.67 3.67 3.67 3.67 3.67
Stock Market 4771.05
points
4471 4355 4241 4131 3718
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 0.80
percent
2.5 2.5 3.3 3.3 3.5
GDP 382.58
USD Billion
390 390 415 415 425
GDP Constant Prices 1422210.35
AED Million
1425906 1457766 1469143 1469143 1558577
Gross Fixed Capital Formation 317161.34
AED Million
303705 325090 327628 327628 347572
GDP per capita 41197.17
USD
41200 41200 42300 42300 43100
GDP per capita PPP 67293.48
USD
68300 68300 69500 69500 71100
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.72
percent
1.7 1.7 1.6 1.6 1.8
Population 9.40
Million
9.5 9.5 10.2 10.2 10.4
Employment Change 3.20
Percent
3.13 3.09 3.11 3.1 3.11
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 3.50
percent
3.2 3.3 3.1 3 2.9
Consumer Price Index CPI 111.08
Index Points
111 113 115 115 120
Food Inflation 2.60
percent
2.4 2.6 2.8 2.98 3
Inflation Rate Mom -0.10
percent
0.3 0.2 0.2 0.16 0.7
CPI Housing Utilities 111.11
Index Points
117 117 116 121 124
CPI Transportation 114.28
107 113 116 113 119
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 2.25
percent
2.5 2.75 2.75 3 3.25
Money Supply M0 86100.00
AED Million
87572 88813 90065 91317 103839
Money Supply M1 495500.00
AED Million
483020 510000 481911 482214 550000
Money Supply M2 1300100.00
AED Million
1300492 1340000 1299657 1299442 1510000
Money Supply M3 1553600.00
AED Million
1576158 1595355 1614973 1634508 1826390
Banks Balance Sheet 2614.00
AED Billion
2651 2678 2705 2732 2988
Loan Growth 3.40
percent
2.93 5.2 3 3 6
Loans To Private Sector 762824.00
AED Million
772270 754000 776784 778019 780900
Interbank Rate 2.52
percent
2.77 3.02 3.02 3.27 3.52
Central Bank Balance Sheet 382.50
AED Billion
378 445 376 376 528
Foreign Exchange Reserves 326.61
AED Billion
331 394 336 338 567
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 315100.00
AED Million
351256 191320 371910 372815 580000
Exports 1169500.00
AED Million
1211869 1230160 1230740 1231320 1680000
Imports 854400.00
AED Million
860613 1040000 858830 858505 1100000
Current Account 971000.00
AED Million
341606 87900 277625 157253 138900
Current Account to GDP 6.90
percent
5 5 5.7 5.7 6.8
Gold Reserves 7.50
Tonnes
7.6 7.7 7.8 8 8.5
Crude Oil Production 2890.00
BBL/D/1K
2895 2820 2903 2905 2920
Terrorism Index 0.21
0.37 1 0.49 0.59 1.9
Weapons Sales 72.00
USD Million
82.5 49 80.99 73.38 52
Foreign Direct Investment 38000.00
AED Million
33048 38748 32785 32102 50000
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 20.70
percent
20.6 20.6 21.4 21.4 22.3
Government Budget -2.60
percent of GDP
0.5 0.5 1.2 1.2 1.3
Government Spending 152794.22
AED Million
165738 156614 157836 157836 167445
Military Expenditure 24399.90
USD Million
24553 24100 24256 24412 18043
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing PMI 57.10
54.6 56 55 55.3 58
Changes in Inventories 81229.05
AED Million
56868 8030 63054 56425 23693
Internet Speed 8570.97
KBps
9311 9513 9686 9438 9568
IP Addresses 1353580.00
IP
1325806 1320287 1321688 1326748 1333403
Competitiveness Index 5.30
Points
5.3 5.3 5.2 5.2 5.2
Competitiveness Rank 17.00
17 17 18 18 15
Ease of Doing Business 21.00
20 20 19 19 17
Corruption Index 71.00
Points
71 72 75 75 80
Corruption Rank 21.00
23 21 20 20 18
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 110.00
Index Points
107 107 109 109 109
Consumer Spending 426882.68
AED Million
771843 437555 440970 440970 467814
Private Sector Credit 1132271.00
AED Million
1155020 1220000 1167360 1169821 1370000
Consumer Credit 326743.00
AED Million
334464 156465 331904 336627 165395
Gasoline Prices 0.68
USD/Liter
0.64 0.61 0.57 0.54 0.3
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 55.00
percent
55 55 55 55 55
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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 7.58
mm
1.48 3.87 14.05 4.74 5.96
Temperature 20.76
celsius
34.68 24.32 20.73 34.41 28.37