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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.
The United Arab Emirates has been successfully diversifying the economy. 71% of UAE's total GDP comes from non-oil sectors. [86] Oil accounts for only 2% of Dubai's GDP. [87] The UAE is also making an effort to attract foreign direct investment by offering 100% foreign ownership and no taxes. [88] Tourism is one of the main sources of revenue ...
Consequently, in these resource-rich rentier states there is a challenge to developing civil society and democratization. Hence, theorists such as Beblawi conclude that the nature of rentier states provides a particular explanation for the presence of authoritarian regimes in such resource rich states. [3]
The United Arab Emirates consists of seven emirates (Arabic: إمارات ʾimārāt; singular: إمارة ʾimārah), which were historically known as the Trucial States. [1] All emirates are founding members of the union, apart from Ras Al Khaima which joined two months after the rest. There is almost always full freedom of movement between ...
The list of museums in the United Arab Emirates includes some of regional repute, most famously Sharjah with its Heritage District containing 17 museums, [322] which in 1998 was the Cultural Capital of the Arab World. [323] In Dubai, the area of Al Quoz has attracted a number of art galleries as well as museums such as the Salsali Private ...
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.
Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.5 trillion at nominal values and $9.4 trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.115 trillion, followed by the UAE at $507.18 billion and Egypt at $489.4 billion.
The table below is for 2008, 2018, 2019 and 2021.The GDP data is based on data from the World Bank. [3] The population data is based on data from the UN. [4] The Wealth Gini coefficients from 2008 are based on a working paper published by the National Bureau of Economic Research.