UAE country overview
Before we start to discuss UAE GDP first we discuss UAE’s country overview, so UAE is officially called the United Arab emirates. It is located in Western Asia. UAE shares its border with Saudia and Oman.
Abu Dhabi is the capital of UAE and its largest city name is Dubai. Its official language is Arabic. When we talk about its ethnic groups, 78% of South Asians, and other ethnic-related groups live in UAE.
In the religious divide, 76% of Muslims and 24% of other religious-related groups live in UAE. UAE government system is a federal parliamentary monarchy.
Its president name is Khalifa bin Zayed Al Nahyan. UAE’s total land area is 83,600km2. Its land area rank is 114th in the world. Its total population is 9,890,500 in the year 2021.
Its population rank is 92nd in the world. Its population density is 99/km2. Its population density rank is 110th in the world.
Its currency is called the United Arab Emirates dirham. UAE’s economy is generally called the developing and emerging economy and a high-income economy. The inflation rate in UAE is -1% in the year 2021.
Its HDI rate is 0.890 in the year 2020. Its HDI rank is 31st in the world. When we talk about its Labour force by occupation, agriculture by 7%, industry by 15% and services are 77% in the year 2015.
The unemployment rate in UAE is 2.3% in the year 2020. UAE’s gross external debt is $235 billion in the year 2018. Its total foreign reserves are $96 billion in the year 2018.
UAE’s total GDP is $410 billion (nominal) and $660 billion (PPP) in the year 2021. Its GDP rank is 29th (nominal) and 33rd (PPP) in the year 2021. Its GDP growth rate is 1.5% in the year 2021.
UAE’s GDP per capita is $43,100 (nominal) and $61,400 (PPP) in the year 2020. Its GDP per capita rank is 24th (nominal) and 9th (PPP) in the year 2020.
When we talk about its GDP by sector, agriculture by 1%, industry by 49%, and services are 50% in the year 2018.
Its total exports are $306 billion in the year 2021. Its main export goods are oil, gas, fish, and others. Its main export partners are India, Japan, China, South Korea, and others.
UAE’s total Imports are $230 billion in the year 2018. Its main import goods are machinery, food products, and others. Its main import partners are China, Saudi Arabia, India, and others.
References: Worldbank, IMF, Wikipedia
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