Economy of United Arab Emirates

Imports

Imports commoditiesmachinery and transport equipment, chemicals, food

Import partnersIndia 17%, China 13.7%, US 10.5%, Germany 5.1%, Japan 4.2% (2012)

Exports

Exports commoditiescrude oil 45%, natural gas, reexports, dried fish, dates

Export partnersJapan 15.4%, India 13.4%, Iran 10.7%, Thailand 5.5%, Singapore 5.5%, South Korea 5.3% (2012)

Economy sectors

Agriculture productsdates, vegetables, watermelons; poultry, eggs, dairy products; fish

Industrial productspetroleum and petrochemicals; fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, some boat building, handicrafts, textiles

Economy

Unemployment3.80 % (2012)4.00 % (2011)4.00 % (2010)

GDP - Official Exchange Rate390 Billion $ (2013)379 Billion $ (2012)349 Billion $ (2011)

GDP - Official Exchange Rate of United Arab Emirates

GDP growth rate4.00 % (2013)4.40 % (2012)5.20 % (2011)

GDP per Capita (PPP)29,900 $ (2013)29,200 $ (2012)48,500 $ (2011)

GDP per Capita (PPP) of United Arab Emirates

GDP - Purchasing Power Parity270 Billion $ (2013)256 Billion $ (2012)261 Billion $ (2011)

GDP - Purchasing Power Parity of United Arab Emirates

GDP PPP per land area3.23 Million $ per square kilometer (2013)3.06 Million $ per square kilometer (2012)3.12 Million $ per square kilometer (2011)

GDP PPP per land area of United Arab Emirates

Electricity

Electricity - installed generating capacity23.3 Million kW

Banking

Central bank discount rate0.00 % (2008)

Commercial bank prime lending rate5.20 % (2010)5.90 % (2009)

GDP decomposition by sector

Agriculture % of GDP0.60 % (2013)0.70 % (2012)

Industry % of GDP61.1 % (2013)60.5 % (2012)

Services % of GDP38.2 % (2013)38.8 % (2012)

Tourism

International tourism, number of arrivals7.13 Million (2005)6.20 Million (2004)5.87 Million (2003)

Yearly Tourist arrivals to residents ratio172 % (2005)169 % (2004)174 % (2003)

Yearly Tourist arrivals to residents ratio of United Arab Emirates

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)41.7 % of GDP (2013)42.6 % of GDP (2012)45.9 % of GDP (2011)

Public debt (Percentage of GDP) of United Arab Emirates

Budget surplus (+) or deficit (-)7.20 % of GDP

Current Account Balance (Total)52.7 Billion $ (2013)66.6 Billion $ (2012)30.7 Billion $ (2011)

Current Account Balance (Total) of United Arab Emirates

External Debt (Total)168 Billion $ (2013)162 Billion $ (2012)156 Billion $ (2011)

External Debt (Total) of United Arab Emirates

External Debt (Percentage of GDP)43.1 % of GDP (2013)42.9 % of GDP (2012)44.8 % of GDP (2011)

External Debt (Percentage of GDP) of United Arab Emirates

External Debt per Capita29,829 $ (2013)17,630 $ (2012)30,357 $ (2011)

External Debt per Capita of United Arab Emirates