Gross Domestic Product for United Arab Emirates
MKTGDPAEA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
537,078,829,135.47
Year-over-Year Change
39.64%
Date Range
1/1/1970 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for the United Arab Emirates is a measure of the total value of all goods and services produced within the country's borders. It is a key indicator of economic performance and growth.
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 represents the size and strength of the UAE's economy. It is closely monitored by policymakers, investors, and analysts to gauge the country's economic health and make informed decisions about policies, investments, and strategies.
Methodology
The UAE's GDP data is collected and calculated by the World Bank using national accounts data.
Historical Context
GDP trends are used to track the UAE's economic progress and guide government policies aimed at promoting growth and development.
Key Facts
- UAE's GDP was $421.14 billion in 2021.
- GDP per capita in the UAE was $42,569 in 2021.
- The UAE's GDP grew by 3.8% in 2021 after contracting in 2020 due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for the United Arab Emirates measures the total value of all goods and services produced within the country's borders.
Q: Why is this trend relevant for users or analysts?
A: GDP is a key indicator of the UAE's economic performance and growth, which is closely monitored by policymakers, investors, and analysts to gauge the country's economic health and make informed decisions.
Q: How is this data collected or calculated?
A: The UAE's GDP data is collected and calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: GDP trends are used to track the UAE's economic progress and guide government policies aimed at promoting growth and development.
Q: Are there update delays or limitations?
A: The GDP data for the UAE is updated annually by the World Bank and may have a delay of up to a year.
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Citation
U.S. Federal Reserve, Gross Domestic Product for United Arab Emirates (MKTGDPAEA646NWDB), retrieved from FRED.