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High-income developing market economy
- The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
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The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023.
The economy of the United Arab Emirates is reliant on oil, which accounts for the majority of its exports. At present, the UAE possesses one of the largest shares of the world’s oil...
Overview In 2022, United Arab Emirates was the number 28 economy in the world in terms of GDP (current US$), the number 18 in total exports, the number 21 in total imports, the number 16 economy in terms of GDP per capita (current US$) and the number 53 most complex economy according to the Economic Complexity Index (ECI) .
6 days ago · The United Arab Emirates' (UAE) economy grew 4.3% year-on-year in the fourth quarter of 2023, preliminary government data showed, with non-oil economic growth vastly outperforming overall GDP.
The UAE's economy Strategic location, strong financial reserves, large sovereign wealth fund, promising investor home economies, consistent government spending, progressive policy of economic diversification, free zones and increased foreign direct investment contribute to the UAE’s robust economy.
Economic. Indicator. Most recent value. Trend. GDP (current US$) 507.06. ( 2022 billion) GDP per capita (current US$)
Summary. Politics. Economy. Risk. Business. Industry. In brief. The UAE will be politically stable throughout the 2024-28 forecast period.
