Includes historical data for the United Arab Emirate’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
In Partnership With
A Regional Trade And Investment Hub
A key trade and investment hub for the Middle East, North Africa, and South Asia, the UAE’s economy benefits from its political and economic stability, excellent infrastructure and sophisticated financial services. While it owes much of its prosperity to its vast reserves of oil and natural gas, which account for about 30% of the gross domestic product, the Gulf state is actively taking steps to lessen its reliance on hydrocarbon revenues by fostering development through clean and renewable energy technologies. It notwithstanding remains vulnerable to oil price fluctuations. Regional challenges to its trade hub status, a high dependence on foreign labor (with over 80% of the population being foreign) and the concentration of the workforce in the public sector are other areas of concern.
United Arab Emirates GDP & Economic Overview
Macroeconomy & Sovereign Data
| Type of Government | Constitutional federation |
|---|---|
| Capital | Abu Dhabi |
| Sovereign Ratings |
S&P: AA Moody’s: Aa2 Fitch Ratings: AA– |
| Total Population | 9.8 million |
| Median Age | 31.6 |
| Adult Per Capita Income (PPP) | 9,9041.91 |
| Total GDP (2023) | 527.8 billion |
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Trade & Investment
| Total Exports | USD 323.1 billion (2023) |
|---|---|
| Leading Exports |
Crude Petroleum Refined Petroleum Gold Broadcasting Equipment Natural Gas |
| Total Imports | USD 367.4 billion (2022) |
| Leading Imports |
Gold Broadcasting Equipment Refined Petroleum Diamonds Cars |
| Source: | World Integrated Trade Solution |
United Arab Emirates Leading Companies
| International Holding Company | Conglomerate, Real Estate, Industrials |
|---|---|
| First Abu Dhabi Bank | Financials |
| Emirates NBD | Financials |
| TAQA | Utilities |
| Etisalat | Telecommunication Services |
| Emaar Properties | Real Estate |
| Alpha Dhabi | Construction & Engineering |
Major Trade Partners — Import
| Unspecified | 22% |
|---|---|
| China | 15% |
| India | 6% |
| United States | 5% |
| Japan | 3% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| Unspecified | 49% |
|---|---|
| Saudi Arabia | 6% |
| India | 6% |
| Iraq | 3% |
| Hong Kong, China | 3% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
In Partnership With
Emirates Islamic is a leading Islamic financial institution in the UAE and part of the Emirates NBD Group. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE.
Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and over 220 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp.
Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as ‘Best Overall Islamic Bank’ and ‘Most Innovative Islamic Bank’ at the Islamic Finance News Awards 2024. The Bank was also named the ‘Most Innovative Islamic Bank’ at the prestigious Euromoney Islamic Finance Awards 2024.
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000