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The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas ...
The economy of the United Arab Emirates (UAE) is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of $377 billion (AED1.38 trillion) in 2012. The United Arab Emirates has been successfully diversifying the economy. 71% of UAE's total GDP comes from non-oil sectors. [86]
Tourism is a major economic source of income in Dubai and part of the Dubai government's strategy to maintain the flow of foreign cash into the emirates. [19] The tourism sector contributed in 2017 about $41 billion to the GDP, making up 4.6% of the GDP, and provided some 570,000 jobs, accounting for 4.8% of total employment. [20]
This article lists the countries of the Arab League sorted by their gross domestic product (GDP) at nominal values. GDP is the value of all final goods and services produced within a nation in a given year. The table below shows the nominal GDP and GDP per capita for the 19-23/25” Members of the Arab League in 2025.
Country GDP nominal billions of USD List of countries by GDP (per capita) Qatar 235.5: 82,887 Israel 530.1: 55,359 Cyprus 26.7: 53,705 UAE 536.8: 52,407 Kuwait 183.6: 38,123
Tourism acts as a growth sector for the entire UAE economy. Dubai is the top tourism destination in the Middle East. [184] According to the annual MasterCard Global Destination Cities Index, Dubai is the fifth most popular tourism destination in the world. [254] Dubai holds up to 66% share of the UAE's tourism economy, with Abu Dhabi having 16% ...
Wall Street Journal / The Heritage Foundation - Index of Economic Freedom: 2007 54th 157 United Nations - Human Development Index: 2008 31st 179 World Economic Forum - Global Competitiveness Report 2007-2008 2007 37th 131 World Economic Forum - The Global Gender Gap Report 2007 2007 105th 128 World Bank - Ease of Doing Business Index
The FTA’s efforts are essential in supporting the UAE’s economic goals by ensuring an effective and efficient tax system that aligns with international standards. The Federal Tax Authority (FTA) is the government agency responsible for the administration and regulation of tax laws in the United Arab Emirates (UAE). [2]