UAE PROFILE :

Introduction

U.A.E. has a relatively broad economic base, built on Dubaiís entrepot trade and Abu Dhabiís oil industry. In 2001, the GDP of U.A.E. at current prices was estimated at USD 58.9 Billion. Out of the 7 emirates that constitute U.A.E., Abu Dhabi accounts for 61.1 % of G.D.P. and Dubai for 24 %. Sharjah is in the third position at 8.4 % and the four northern emirates (Ajman, Fujairah, Ras Al Khaimah and Umm Al Quwain) put together account for 6.5 % of the GDP.

Economic Highlights

Population: 3, 250, 000 (2001 Estimate). Growth rate 5.0%
Per capita income: Dhs 71,615 (USD 19,514) (2001)
Gross Domestic Product: Dhs 222.98 Billion (2000). 
Contribution by oil sector to GDP : Dhs 75.62 Billion (33.9 %)
Contribution by non oil sector to GDP: Dhs 147.36 Bn. (66.1 %)

Currency & Rate of Exchange : Dirham (AED)
Pegged to US Dollar @ 1USD = AED 3.67

Balance of Payments Position in 2001 :

  • Exports : USD 38.57 Billion

  • Imports : USD 34.20 Billion

Major Contributors to GDP from non oil sector (2000) :

  • Manufacturing : Dhs 24.80 Billion

  • Trade (wholesale / retail) & Maintenance : Dhs 22.65 Billion

  • Real Estate & business services  : Dhs 17.91 Billion

  • Construction : Dhs 16.60 Billion

  • Transport, Storage & Communications : Dhs 15.17 Billion

  • Finance & Insurance : Dhs 12.66 Billion

  • Agriculture : Dhs 6.72 Billion

  • Tourism ( Hotels & Restaurants ) : Dhs 3.82 Billion

  • Government Services & Utilities : Dhs 25.69 Billion.

For details on Socio Economic trends, information on specific sectors, please contact us