INDICATORS - United Arab Emirates - March 22

(last updated on March 18 with February money supply) KEY INTEREST RATES REPO LIQUIDITY SUPPORT FACILITY rate 1.00 pct 1.50 pct last change Jan 18, 2009 Aug 31, 2009 former rate 1.50 pct 2.50 pct =============================================================================== UAE GDP (real, pct) (Y/Y) 2008 2007 2006

7.4 6.2 (6.0) 13.0 (14.9)
(constant 2000 prices, pct) (Y/Y)
Final consumption 13.2 10.7 15.8

Government 7.0 23.0 34.8

Household 15.1 7.4 11.5
Gross fixed capital formation 9.6 95.9 26.4
Foreign trade

Exports of goods and services 16.2 10.4 11.1

Imports of goods and services 20.4 40.5 16.5

(nominal, bln AED) 934.3 758.0 643.5

- without oil 590.1 504.3 423.0

NOTE. 2008 and 2007 estimates, 2006 preliminary

The economy ministry expected the UAE economy to grow 1.3 percent in 2009. It sees GDP growth of up to 3.2 percent in 2010.

CONSUMER INFLATION 01/10 12/09 01/09 2009 2008
pct change month/month -0.06 -0.71 -0.03 n/a n/a
pct change year/year -0.32 -0.42 6.47 1.56 12.3



NOTE. UAE economy ministry expects inflation of up to 2 percent in 2010.

UAE BALANCE OF PAYMENTS 2008 2007 2006
(AED billion) -172.49 183.24 23.89 I CURRENT ACCOUNT 81.82 72.13 132.38
Trade balance (FOB) 231.09 170.85 211.30
Balance of services -124.24 -95.36 -66.23
Investment income 13.97 30.75 17.40
Transfers -39.00 -34.11 -30.10 II+III CAPITAL & FINANCIAL ACCOUNT

-203.06 105.42 -58.99 IV NET ERRORS & OMISSIONS -51.24 5.68 -49.50

NOTE. 2008 preliminary estimates

UAE CURRENT ACCOUNT BALANCE 2009 2008 2007

(pct of GDP) -2.7 8.5 9.4

NOTE. Source: IMF, 2009 estimate

UAE FOREIGN TRADE 2008 2007 2006
(in bln AED)
exports 878.5 656.0 534.7

- re-exports 345.8 259.1 172.7

- oil exports 313.7 224.6 213.4
imports 647.4 485.2 323.4
balance 231.1 170.9 211.3

NOTE. figures in FOB prices

UAE GOVERNMENT FISCAL BALANCE 2010 2009 2008 2007
revenue (pct of GDP) 39.7 34.6 46.9 43.4
expenditure 29.8 34.2 26.4 21.9
balance 9.8 0.4 20.5 21.5

NOTE. Source: IMF; Consolidated accounts of the federal government and the emirates of Abu Dhabi, Dubai and Sharjah. 2010 projection, 2009 estimate.
UAE GOVERNMENT DEBT 2010 2009 2008 2007
(pct of GDP) 9.4 10.2 8.9 11.2

NOTE. Source: IMF; Consolidated accounts of the federal government and the emirates of Abu Dhabi, Dubai and Sharjah. *projections

UAE FOREX RESERVES 2009 2008 2007
AED bln n/a 116.0 285.7
$ bln 39.5 31.6 77.8

NOTE. 2009 IMF estimate

*UAE M3 MONEY SUPPLY END-FEB 10 END-JAN 10 END-DEC 09
M1 pct change yr/yr 6.7 8.4 6.7
M2 pct change yr/yr 6.5 8.9 8.7

M2-M1 pct change yr/yr 6.5 9.1 9.7
M3 pct change yr/yr 1.3 4.1 5.8

NOTE. data for 2010 estimates subject to revision

UAE EXTERNAL DEBT 2009 2008 2007
$ bln 138.5 134.4 141.1
pct of GDP 60.9 51.3 78.3

NOTE. Source: Moody's

All data from official sources unless otherwise noted.



((Economic forecasts for the UAE and other Gulf Arab countries at ))

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