Markets Actual Q3 Q4 Q1 Q2 2022
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 7824.79 7716 7574 7436 7300 7035

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -6.10 1.5 1.5 2.3 2.3 2.3
Unemployment Rate (%) 5.00 3 3 2.7 2.7 2.7
Inflation Rate (%) -0.02 0.6 1 1.5 1.5 1.8
Interest Rate (%) 1.50 1.5 1.5 1.5 1.75 2
Balance of Trade (AED Million) 228900.00 150000 500000 500000 500000 200000
Current Account (AED Million) 77100.00 90000 90000 90000 90000 105000
Current Account to GDP (% of GDP) 5.90 4.3 4.3 4.3 4.3 5.1
Government Debt to GDP (% of GDP) 36.90 29 29 29 29 31
Government Budget (% of GDP) -0.80 -6 -6 -6 -6 -2.6
Manufacturing PMI (points) 53.80 53 54 53 53 53
Consumer Confidence (points) 92.00 110 113 113 113 111
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -6.10 1.5 1.5 2.3 2.3 2.3
GDP (USD Billion) 421.14 400 400 400 400 425
GDP Constant Prices (AED Million) 1418875.32 1508555 1440158 1451509 1451509 1473282
Gross Fixed Capital Formation (AED Million) 286073.90 274332 347580 290365 292654 297043
GDP per capita (USD) 41420.50 41000 41000 41000 41000 41800
GDP per capita PPP (USD) 67119.15 65686 65686 65686 65686 66275

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 5.00 3 3 2.7 2.7 2.7
Population (Million) 9.90 10.2 10.2 10.2 10.2 10.4
Employment Change (Percent) 2.00 3 2.1 2.1 2.1 3

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) -0.02 0.6 1 1.5 1.5 1.8
Consumer Price Index CPI (points) 106.62 107 107 107 108 109
Food Inflation (%) -1.53 1.5 1 1.2 1.2 1.8
Inflation Rate Mom (%) -0.07 0.5 0.5 0.5 0.5 0.5
CPI Housing Utilities (points) 96.73 101 99.89 99.16 98.55 102
CPI Transportation (points) 113.87 103 103 109 114 105

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 1.50 1.5 1.5 1.5 1.75 2
Interbank Rate (%) 0.45 0.45 0.45 0.45 0.7 0.95
Money Supply M3 (AED Million) 1774883.00 1861338 1886731 1912123 1912123 1988301
Loan Growth (%) -1.80 2.5 3 3 3 3.5
Loans To Private Sector (AED Million ) 772408.00 806998 790497 792590 794144 808679

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (AED Million) 228900.00 150000 500000 500000 500000 200000
Current Account (AED Million) 77100.00 90000 90000 90000 90000 105000
Current Account to GDP (% of GDP) 5.90 4.3 4.3 4.3 4.3 5.1
Imports (AED Million) 774100.00 820000 820000 820000 820000 890000
Exports (AED Million) 1003000.00 1020000 1020000 1020000 1020000 1190000
Gold Reserves (Tonnes) 55.26 15 15 15 15 15
Crude Oil Production (BBL/D/1K) 2768.00 3000 3000 3000 3000 3200
Weapons Sales (SIPRI TIV Million) 191.00 110 110 110 110 150
Foreign Direct Investment (AED Million) 50600.00 40000 40000 40000 40000 40000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 36.90 29 29 29 29 31
Government Budget (% of GDP) -0.80 -6 -6 -6 -6 -2.6
Government Spending (AED Million) 173763.70 182014 167449 176370 177760 180427

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 0.00 0 0 0 0 0
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 17.50 17.5 17.5 17.5 17.5 17.5
Social Security Rate For Companies (%) 12.50 12.5 12.5 12.5 12.5 12.5
Social Security Rate For Employees (%) 5.00 5 5 5 5 5
Sales Tax Rate (%) 5.00 5 5 5 5 5

Business Actual Q3 Q4 Q1 Q2 2022
Manufacturing PMI (points) 53.80 53 54 53 53 53
Changes in Inventories (AED Million) 61524.05 150000 91000 91000 91000 85000

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 92.00 110 113 113 113 111
Consumer Spending (AED Million) 483057.20 577704 467824 490303 494168 501580
Gasoline Prices (USD/Liter) 0.67 0.64 0.61 0.57 0.55 0.52
Consumer Credit (AED Million) 339770.00 336645 357081 341561 347585 338270


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.