GDP USD52,976.8 per capita2 Top exports Crude petroleum; refined petroleum; gold; broadcasting equipment; and petroleum gas4 Top imports Gold; broadcasting equipment; refined petroleum; diamonds; and cars5 Unemployment rate 2.7%3 Corporation tax ...
GDP growth rate: 3.0% annual change (World Bank 2016) Gross national income: 675.3 billion PPP dollars (World Bank 2016) The UAE is second largest economy in the Arab world Arts, Humanities & Popular Culture:The UAE has a long cultural history dating back to ancient times drawn from many ...
Future growth analysis of UAE In a recent report, the UAE is expected to hit an average real GDP growth rate of 3.8% between 2019 and 2023, backed by higher investment and higher consumer spending. It is also predicted that recent measures to minimize business costs in the UAE would develop...
The overall performance of the economy of the (UAE) is heavily dependent on their oil exports, which account for more than 30 percent of the total gross domestic product (GDP) (Feld). In 2004, the growth in the Real GDP of the UAE was 6.4 percent, which was due in part to the high...
“If the GCC continued business as usual, their combined GDP would grow to an expected US$ 6 trillion by 2050. However, if the GCC countries implemented a green growth strategy that would help and accelerate their economic diversification, GDP could have the potential to grow to ov...
5.9% GDP growth rate Egypt’s economy grew by 5.9 percent in 2021, making it one of the fastest-growing economies in the Middle East and North Africa (MENA) region.(3) 14.43% e-commerce growth Egypt’s e-commerce sector is one of the fastest-growing markets in the world. The ...
GDP figures given are nominal, 2022 growth rates are based on the first 9 months of the year from data issued by the respective Central Banks. Read more … Not fully convinced. • Surovikin’s Difficult Choice (Big Serge) Here is what I think Surovikin decided about Kherson. K...
Tourism has emerged as an essential driver of GDP. Dubai welcomed 15.93 million visitors in 2018, retaining its ranking as the fourth most popular destination globally. Dubai has also surfaced as the shopping capital of the Middle East, thanks to its diverse souks, over 100 malls and innumerabl...
We use growth rate of Gross Capital Formation and the gap between actual non oil GDP and its long run trend as a measure for market conditions. Our results show better performance of the first measure of market conditions. The fluctuations in non tradables' market and in partners' inflation ...
The main drivers are GDP and consumer spending. Additional notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change....