Gross Domestic Product in Constant Prices for United Arab Emirates
ARENGDPRPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.05
Year-over-Year Change
-0.07%
Date Range
1/1/2000 - 1/1/2025
Summary
The Gross Domestic Product in Constant Prices for United Arab Emirates measures the total value of all goods and services produced in the UAE, adjusted for inflation. This key economic indicator provides insights into the country's economic growth and development.
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
The Gross Domestic Product (GDP) in Constant Prices for United Arab Emirates represents the total market value of all final goods and services produced within the UAE, calculated using a base year to remove the effects of inflation. This metric is widely used by economists, policymakers, and analysts to assess the UAE's economic performance and benchmark its progress over time.
Methodology
The data is collected and calculated by the UAE Federal Competitiveness and Statistics Centre using established national accounting principles.
Historical Context
GDP in Constant Prices is a crucial indicator for evaluating the UAE's economic policies, investment climate, and global competitiveness.
Key Facts
- The UAE's GDP in Constant Prices reached $401.9 billion in 2021.
- GDP growth in the UAE averaged 3.8% per year from 2010 to 2021.
- The UAE is one of the fastest-growing economies in the Middle East.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product in Constant Prices for United Arab Emirates measures the total value of all goods and services produced in the UAE, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: This metric is widely used by economists, policymakers, and analysts to assess the UAE's economic performance and benchmark its progress over time.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the UAE Federal Competitiveness and Statistics Centre using established national accounting principles.
Q: How is this trend used in economic policy?
A: GDP in Constant Prices is a crucial indicator for evaluating the UAE's economic policies, investment climate, and global competitiveness.
Q: Are there update delays or limitations?
A: There may be slight delays in data reporting, but the UAE Federal Competitiveness and Statistics Centre provides timely and reliable GDP estimates.
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Citation
U.S. Federal Reserve, Gross Domestic Product in Constant Prices for United Arab Emirates (ARENGDPRPCHPT), retrieved from FRED.