In World Bank’s ease of doing business ranking UAE was ranked 11 out of 190 countries in 2018. UAE’s ease of doing business ranking improved from 21st position in 2017.
United Arab Emirates, abbreviated as UAE, is a country located in the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar, Iran and Pakistan.
UAE had estimated population of 9.856 million in the year 2016 and expected to reach 11.765 million by 2022, growing at a CAGR of 2.98%.
UAE’s real gross domestic product (GDP) was estimated to be around AED 1217.02 billions in 2016 whereas the nominal GDP was expected to be at AED 1363.79 billions. This resulted in GDP deflator 112.06. Per capita GDP was estimated at USD 37677.91 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 67870.78.
In 2016, UAE government’s revenue was AED 358.419 billions whereas the expenditure was AED 412.176 billions. This resulted UAE government’s net lending / borrowing negative at AED 53.757 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for UAE was estimated to be at USD 8.782 billions for the year 2016 and is expected to grow at a CAGR of 11.41% and reach USD 26.226 by 2022. This positive current account balance indicates the UAE is net lender to the whole world.
Scope of United Arab Emirates (UAE) – PESTLE Analysis and Macroeconomic Trends Report
- This report provides information about key macroeconomic indicators for UAE.
- This report provides PESTELE (political, economic, social, technological, legal and environmental) analysis for UAE.
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