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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 ...
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021. [8] [1] [11]
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 monumental transaction follows the sale of 25kg of gold from a UAE gold exporter to a buyer in India for around 128.4 million rupees ($1.54 million), according to Reuters.
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
The share of the shadow economy is significant in many European countries, ranging from less than 10 to over 40 per cent of GDP. [11] Since 2014, EU member states have been encouraged by Eurostat, the official statistics body, to include some illegal activities.
This is an alphabetical list of countries by past and projected Gross Domestic Product, based on the Purchasing Power Parity (PPP) methodology, not on market exchange rates. These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1]
This is a comparison between Indian states and countries by gross domestic product (PPP). Many of the states of India have large GDP (called gross state product ) which would rank highly on a list of countries by GDP.