UAE is a wealthy, medium-sized economy located in The Middle East. UAE has a population of 10.41 million people.
Its economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of $377 billion, principally from oil revenues
UAE passed Saudi Arabia as the largest consumer market in the region. With imports totaling $273.5 billion.
UAE's economy is predominantly manufacturing-based.
Contribution in GDP %
Percentage of employment %
Agriculture
Accounts for 0.91%
Employs 3.80% of population
Manufacturing and industry
53.94%
23.10%
Services
44.60%
35.70%
Agriculture accounts for 0.91% of GDP and employs 3.80% of the population.
Manufacturing and industry accounts for 53.94% of GDP and employs 23.10% of the population.
Services accounts for 44.60% of the GDP and employs 35.70% of the population.
Unemployment Rate in the United Arab Emirates decreased to 4.20 percent in 2013 from 4.60 percent in 2012, reported by the Central Bank of the UAE,
The inflation rate in the United Arab Emirates was recorded at 1.40 percent in December of 2013, reported by the Ministry of Economy
For the Investment Climate Statement in the United Arab Emirates (UAE), the regulatory and legal framework favors local over foreign investors but they are also expecting to become more conducive to foreign investment
The Abu Dhabi Chamber of Commerce and Industry notes that the leading sectors for investment in the UAE are : oil and gas field machinery and services, power and water, computer/peripherals, medical equipment and supplies, airport development and ground equipment, telecommunications, and franchising.
UAE are also actively investing overseas, The Abu Dhabi Investment Authority (ADIA) « the largest institutional investor in the world after the Bank of Japan) manages approximately USD 650 billion in