The Arab country demonstrates sound domestic economic activity. Non-oil revenue is expected to grow by over 4% this year, driven by tourism, construction, and real estate. Fiscal and external surpluses remain high on the back of high oil prices.
Browsing: uae gdp
The International Monetary Fund report estimates a 2.2% growth in the United Arab Emirates in 2021 and 3.5% in 2022. The organization defends prompt measures to contain the spread of COVID-19 and economic support leveraged the improvement.
Upon visit to the country, the IMF team says the local economy starts benefiting from reforms, with domestic credit growth, employment, and tourism arrivals. Oil prices and investments are expected to boost GDP.
