Markets Actual Q2 Q3 Q4 Q1 2023
Currency 3.67 3.67 3.67 3.67 3.67 3.67
Stock Market (points) 9238.34 9228 9005 8786 8574 8164

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 3.80 5.4 5.4 5.4 6 6
Unemployment Rate (%) 5.00 3.5 3.5 3.5 3.5 3
Inflation Rate (%) 2.50 3 2.8 2.4 2 2.5
Interest Rate (%) 3.00 3 3.5 4 4.5 4.75
Balance of Trade (AED Million) 290300.00 190000 190000 300000 300000 410000
Current Account (AED Million) 176200.00 80000 90000 90000 90000 90000
Current Account to GDP (% of GDP) 5.90 5 5 5 5 5
Government Debt to GDP (% of GDP) 36.90 29 35 31 31 31
Government Budget (% of GDP) -0.80 -6 -2.6 -2.6 -2.6 -2.6
Manufacturing PMI (points) 55.60 55 53 55 55 54
Consumer Confidence (points) 135.00 125 130 135 135 135
Corporate Tax Rate (%) 0.00 0 0 0 0 9
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) 3.80 5.4 5.4 5.4 6 6
GDP (USD Billion) 421.14 400 400 425 425 425
GDP Constant Prices (AED Million) 1418875.32 1495495 1495495 1495495 1504008 1585224
Gross Fixed Capital Formation (AED Million) 286073.90 301522 301522 301522 303238 319613
GDP per capita (USD) 4028.96 41000 39000 41800 41800 41800
GDP per capita PPP (USD) 67119.15 65686 62000 66275 66275 66275

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 5.00 3.5 3.5 3.5 3.5 3
Population (Million) 9.90 10.2 10.2 10.4 10.4 10.4
Employment Change (Percent) 2.00 2.1 2.1 3 3 3

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 2.50 3 2.8 2.4 2 2.5
Consumer Price Index CPI (points) 108.62 110 110 111 111 114
Food Inflation (%) 3.71 1.2 1.2 1.2 1.2 1.8
Inflation Rate Mom (%) 0.02 0.5 0.5 0.1 0.1 0.4
CPI Housing Utilities (points) 96.34 100 99.19 98.65 98.27 101
CPI Transportation (points) 120.51 121 122 122 122 122

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 3.00 3 3.5 4 4.5 4.75
Interbank Rate (%) 1.87 1.87 2.37 2.87 3.37 3.37
Money Supply M2 (AED Million) 1570345.00 1500000 1550000 1550000 1550000 1600000
Money Supply M3 (AED Million) 1867816.00 1912123 1912123 1988301 1988301 2089870
Loan Growth (%) 1.80 3 3 3.5 3.5 3.5
Loans To Private Sector (AED Million ) 769916.00 818209 817500 814880 816111 863773
Foreign Exchange Reserves (AED Billion) 436.17 429 432 436 436 435

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (AED Million) 290300.00 190000 190000 300000 300000 410000
Current Account (AED Million) 176200.00 80000 90000 90000 90000 90000
Current Account to GDP (% of GDP) 5.90 5 5 5 5 5
Imports (AED Million) 774100.00 810000 810000 890000 890000 890000
Exports (AED Million) 1187400.00 1000000 1000000 1190000 1190000 1300000
Gold Reserves (Tonnes) 55.43 15 15 15 15 15
Crude Oil Production (BBL/D/1K) 3032.00 3200 3100 3150 3150 3000
Weapons Sales (SIPRI TIV Million) 191.00 110 110 150 150 150
Foreign Direct Investment (AED Million) 50600.00 45000 45000 45000 45000 50000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 36.90 29 35 31 31 31
Government Budget (% of GDP) -0.80 -6 -2.6 -2.6 -2.6 -2.6
Government Spending (AED Million) 173763.70 183147 183147 183147 184190 194136

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 0.00 0 0 0 0 9
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 Q2 Q3 Q4 Q1 2023
Manufacturing PMI (points) 55.60 55 53 55 55 54
Changes in Inventories (AED Million) 61524.05 91000 91000 85000 85000 85000

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 135.00 125 130 135 135 135
Consumer Spending (AED Million) 483057.20 509142 509142 509142 512041 539691
Gasoline Prices (USD/Liter) 0.97 1 1.04 1.08 1.11 1.11
Consumer Credit (AED Million) 344465.00 358118 363066 363066 365133 384850


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. United Arab Emirates Forecast - was last updated on Saturday, June 25, 2022.