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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.90 2.3 2.3 2.3 3 4.3 percent [+]
Unemployment Rate 3.69 4.6 4.6 4.6 4.8 4.9 percent [+]
Inflation Rate 2.20 2.7 2.9 3.1 3.1 2.5 percent [+]
Interest Rate 1.75 1.75 2 2.25 2.25 3 percent [+]
Balance of Trade 250900.00 236000 236000 236000 350000 580000 AED Million [+]
Government Debt to GDP 15.60 19.8 19.8 19.8 20.6 22.32 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 3.67 3.71 3.74 3.85 3.82 4.4 [+]
Stock Market 4516.84 4410 4360 4230 4270 3560 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 3.90 2.3 2.3 2.3 3 4.3 percent [+]
GDP Annual Growth Rate 3.40 2.3 2.3 2.3 3 4.3 percent [+]
GDP 370.29 377 377 377 390 425 USD Billion [+]
GDP Constant Prices 1391127.36 1209500 1209500 1209500 1223405 1325596 AED Million [+]
Gross Fixed Capital Formation 340110.84 35092 350796 350646 364807 400566 AED Million [+]
GDP per capita 39313.30 40200 40200 40200 41100 43100 USD [+]
GDP per capita PPP 65716.98 70500 70500 70500 74800 80300 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 3.69 4.6 4.6 4.6 4.8 4.9 percent [+]
Population 9.16 9.23 9.26 9.79 9.79 10.4 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.20 2.7 2.9 3.1 3.1 2.5 percent [+]
Consumer Price Index CPI 107.36 108 110 112 114 130 Index Points [+]
Food Inflation -0.50 2.1 2.5 2.8 2.6 2.5 percent [+]
Inflation Rate Mom -0.40 0.3 0.2 0.3 0.1 0.2 percent [+]
Cpi Housing Utilities 114.04 114 114 114 114 114 Index Points [+]
Cpi Transportation 100.85 101 102 103 104 118 [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 1.75 1.75 2 2.25 2.25 3 percent [+]
Money Supply M0 78300.00 79634 80990 82207 83442 97003 AED Million [+]
Money Supply M1 507200.00 504142 518649 508474 518038 550000 AED Million [+]
Money Supply M2 1273700.00 1291810 1310790 1300000 1346648 1510000 AED Million [+]
Money Supply M3 1478300.00 1493548 1513480 1534048 1554583 1776717 AED Million [+]
Banks Balance Sheet 2551.20 2575 2611 2647 2682 3054 AED Billion [+]
Deposit Interest Rate 3.60 4 4 4 5 6 percent [+]
Loan Growth 5.30 5.8 5.3 5.5 4.9 6 percent [+]
Loans To Private Sector 726305.00 728560 731000 739170 745101 819000 AED Million [+]
Interbank Rate 1.48 1.5 1.75 2 2 3.5 percent [+]
Central Bank Balance Sheet 379.49 370 410 400 422 528 AED Billion [+]
Foreign Exchange Reserves 317.44 310 320 328 337 567 AED Billion [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 250900.00 236000 236000 236000 350000 580000 AED Million [+]
Exports 1096700.00 118000 1180000 1180000 1390000 1680000 AED Million [+]
Imports 845800.00 944000 944000 944000 1040000 1100000 AED Million [+]
Current Account 42400.00 63400 63400 63400 87900 138900 AED Million [+]
Current Account to GDP 3.10 4.7 4.7 4.7 5 6.8 percent [+]
Gold Reserves 7.56 7.6 8 8 9 12 Tonnes [+]
Crude Oil Production 2988.00 2820 3030 2820 3035 2920 BBL/D/1K [+]
Terrorism Index 0.42 0.5 0.6 0.6 1 1.9 [+]
Weapons Sales 63.00 40 40 40 49 52 USD Million [+]
Foreign Direct Investment 33000.00 35560 35560 35560 38748 50000 AED Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 15.60 19.8 19.8 19.8 20.6 22.32 percent [+]
Government Budget 5.00 -2 -2 -2 -0.5 0.4 percent of GDP [+]
Government Spending 156849.30 152300 152300 153000 162028 202292 AED Million [+]
Military Expenditure 22755.10 22177 21936 21695 23554 26521 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing PMI 56.10 55.4 54.8 53.7 56.2 58 [+]
Changes in Inventories 16027.55 6000 6000 6000 8030 17033 AED Million [+]
Corruption Index 66.00 72 72 72 70 80 Points [+]
Corruption Rank 24.00 24 24 24 26 18 [+]
Competitiveness Index 5.26 5.3 5.3 5.3 5.35 5.7 Points [+]
Competitiveness Rank 16.00 15 15 15 14 11 [+]
Ease of Doing Business 26.00 24 24 24 20 17 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 108.00 104 101 105 103 99 [+]
Consumer Spending 453623.00 432381 432381 435381 465163 508754 AED Million [+]
Private Sector Credit 1100739.00 1085755 1098452 1150000 1170000 1370000 AED Million [+]
Consumer Credit 138763.00 142224 145395 151323 153206 165395 AED Million [+]
Gasoline Prices 0.50 0.53 0.54 0.55 0.58 0.9 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 0 5 5 percent [+]