Gross Domestic Product in Current Prices for United Arab Emirates
ARENGDPDUSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
568,567,014,698.60
Year-over-Year Change
42.06%
Date Range
1/1/2000 - 1/1/2025
Summary
The Gross Domestic Product in Current Prices for the United Arab Emirates measures the total economic output of the country, adjusting for changes in prices over time. This metric is vital for economists and policymakers to assess the UAE's economic performance and plan effective policies.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP in current prices represents the total value of all goods and services produced within the UAE, measured in the UAE dirham. It is a comprehensive indicator of the country's economic health and size, used to track growth, make international comparisons, and inform policy decisions.
Methodology
The UAE's GDP in current prices is calculated by the Federal Competitiveness and Statistics Centre based on data from national accounts and other statistical sources.
Historical Context
This GDP metric is closely watched by the UAE government, central bank, and international institutions to monitor the economy and inform macroeconomic policies.
Key Facts
- The UAE has one of the highest GDP per capita globally.
- Oil and gas exports are a major driver of the UAE's GDP.
- The UAE has diversified its economy beyond hydrocarbons in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product in Current Prices for the United Arab Emirates measures the total market value of all final goods and services produced within the UAE's borders in a given year.
Q: Why is this trend relevant for users or analysts?
A: This GDP metric is a crucial indicator of the UAE's overall economic performance and size, used by policymakers, businesses, and investors to assess the country's growth, make international comparisons, and inform economic policies.
Q: How is this data collected or calculated?
A: The UAE's GDP in current prices is calculated by the Federal Competitiveness and Statistics Centre based on data from national accounts and other statistical sources.
Q: How is this trend used in economic policy?
A: The UAE government, central bank, and international institutions closely monitor this GDP metric to track the country's economic health, inform macroeconomic policies, and make decisions about fiscal, monetary, and development strategies.
Q: Are there update delays or limitations?
A: The GDP data for the UAE is published on a quarterly basis with a slight delay, and may be subject to periodic revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Current Prices for United Arab Emirates (ARENGDPDUSD), retrieved from FRED.