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United Arab Emirates

The United Arab Emirates has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living. The government has increased spending on job creation and infrastructure expansion and is opening up utilities to greater private sector involvement. In April 2004, the UAE si...  More..

Economy of United Arab Emirates
SOURCE: CIA - The World Factbook
Currency Uae Dirham
GDP (PPP) $201.4 billion (2009 est.)
GDP (per capita) $42,000 (2009 est.)
Exports $174 billion (2009 est.)
Imports $141 billion (2009 est.)
Main Industries Petroleum and Petrochemicals; Fishing, Aluminum, Cement, Fertilizers, Commercial Ship Repair, Construction Materials, Some Boat Building, Handicrafts, Textiles
Exports - Commodities Crude Oil 45%, Natural Gas, Reexports, Dried Fish, Dates
Imports - Commodities Machinery and Transport Equipment, Chemicals, Food
Exports Partners Japan 26.5%, South Korea 10.9%, India 10.7%, Iran 7.5%, Thailand 6.1% (2008)
Imports Partners China 12.9%, India 12%, US 8.6%, Germany 6.4%, Japan 6%, Turkey 4.4%, Italy 4.2% (2008)

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