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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.69 3.5 3.5 3.5 3.8 4.9 percent
Inflation Rate 3.40 3.8 3.6 3.7 3.5 2.9 percent
Interest Rate 2.00 2.25 2.25 2.5 2.75 3.25 percent
Balance of Trade 250900.00 350000 327772 350000 354446 580000 AED Million
Government Debt to GDP 20.70 20.6 20.6 20.6 21.4 22.32 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 3.67
3.67 3.67 3.67 3.67 3.67
Stock Market 4455.25
points
4484 4378 4274 4173 3791
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 3.00
percent
3.9 3.9 3.9 3.5 4.3
GDP 348.74
USD Billion
390 357 390 415 425
GDP Constant Prices 1391127.36
AED Million
1445381 1445381 1497415 1439817 1622714
Gross Fixed Capital Formation 296297.26
AED Million
307853 307853 318936 306668 345623
GDP per capita 40864.20
USD
41100 41100 41100 42300 43100
GDP per capita PPP 67133.10
USD
74800 67495 74800 77800 80300
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 3.69
percent
3.5 3.5 3.5 3.8 4.9
Population 9.27
Million
9.36 9.39 9.93 9.46 10.4
Employment Change 0.50
Percent
0.8 0.8 0.8 0.8 0.8
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 3.40
percent
3.8 3.6 3.7 3.5 2.9
Consumer Price Index CPI 111.40
Index Points
112 111 113 115 120
Food Inflation 4.90
percent
2.2 2.4 2.6 2.8 3
Inflation Rate Mom -0.70
percent
0.1 0.3 0.2 0.2 0.7
CPI Housing Utilities 112.77
Index Points
118 117 117 117 124
CPI Transportation 112.20
110 107 113 116 120
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 2.00
percent
2.25 2.25 2.5 2.75 3.25
Money Supply M0 84700.00
AED Million
80630 81876 80493 82139 81624
Money Supply M1 510600.00
AED Million
498751 490097 510000 502430 550000
Money Supply M2 1293800.00
AED Million
1243037 1267459 1340000 1248182 1510000
Money Supply M3 1526700.00
AED Million
1461224 1484867 1465618 1470349 1469666
Banks Balance Sheet 2596.60
AED Billion
2519 2575 2540 2532 2544
Loan Growth 2.10
percent
5.4 3.05 5.2 2.28 6
Loans To Private Sector 746215.00
AED Million
750628 753168 754000 754585 780900
Interbank Rate 2.50
percent
2.3 2.3 2.55 2.8 3.3
Central Bank Balance Sheet 395.60
AED Billion
430 390 445 387 528
Foreign Exchange Reserves 336.32
AED Billion
345 330 394 330 567
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 250900.00
AED Million
350000 327772 350000 354446 580000
Exports 1096700.00
AED Million
1390000 1158642 1390000 1184806 1680000
Imports 845800.00
AED Million
1040000 830870 1040000 830360 1100000
Current Account 10100.00
AED Million
87900 25606 87900 38134 138900
Current Account to GDP 7.30
percent
5 5 5 5.7 6.8
Gold Reserves 7.60
Tonnes
9 7.66 9 7.68 12
Crude Oil Production 2872.00
BBL/D/1K
2689 2681 2820 2816 2920
Terrorism Index 0.21
1 0.37 1 0.49 1.9
Weapons Sales 72.00
USD Million
49 72.81 49 68.85 52
Foreign Direct Investment 38000.00
AED Million
38748 28725 38748 29571 50000
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 20.70
percent
20.6 20.6 20.6 21.4 22.32
Government Budget -3.90
percent of GDP
-0.5 -3.91 -0.5 -2.49 0.4
Government Spending 161696.03
AED Million
168002 168002 174050 167355 188614
Military Expenditure 24399.90
USD Million
23554 23829 23390 23541 17510
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Manufacturing PMI 55.10
54.9 54.6 56 55 58
Changes in Inventories 18346.23
AED Million
8030 18391 8030 19214 19314
Internet Speed 8570.97
KBps
9831 9311 9513 9686 9568
IP Addresses 1353580.00
IP
1356460 1349865 1343013 1336095 1266765
Competitiveness Index 5.30
Points
5.35 5.28 5.35 5.28 5.7
Competitiveness Rank 17.00
14 16 14 16 11
Ease of Doing Business 21.00
20 21 20 21 17
Corruption Index 71.00
Points
70 69 69 69 80
Corruption Rank 21.00
21 21 26 21 18
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 110.00
Index Points
107 107 107 110 109
Consumer Spending 753017.47
AED Million
782385 782385 810551 779373 878375
Private Sector Credit 1121505.00
AED Million
1190000 1100741 1220000 1103968 1370000
Consumer Credit 326743.00
AED Million
155482 336960 156465 336960 165395
Gasoline Prices 0.60
USD/Liter
0.55 0.51 0.49 0.46 0.32
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 17.5 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 7.58
mm
3.77 1.48 3.87 14.05 5.96
Temperature 20.76
celsius
31.4 34.68 24.32 20.73 28.37