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UAE has the second-largest economy in the Arab world (after Saudi Arabia), [ 21] with a gross domestic product (GDP) of US$414 billion (AED 1.52 trillion) in 2018. [ 22] A third of the GDP is from oil revenues. [ 21] The economy was expected to grow 4–4.5% in 2013, compared to 2.3–3.5% over the previous five years.
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]
The United Arab Emirates [b] (UAE), or simply the Emirates, [c] is a country in West Asia, in the Middle East.Located at the eastern end of the Arabian Peninsula, it shares land borders with Oman to the east and Saudi Arabia to the southwest; as well as maritime borders in the Persian Gulf with Qatar and Iran.
From 2021 publication of Credit Suisse. Countries by median wealth ( US dollars) per adult. From 2021 publication of Credit Suisse. This is a list of countries of the world by wealth per adult or household, from sources such as UBS 's annual Global Wealth Databook[ 1] and the OECD 's Better Life Index. [ 2] Wealth includes both financial and ...
The Bureau of Economic Analysis's advance estimate of second quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 2.8% during the period, well above the 2% ...
Based on latest figures and estimates, the Arab League has a GDP of approximately US$3.5 trillion at nominal values and $8.4 trillion at purchasing power parity (PPP). The member states with the largest nominal GDP are Saudi Arabia at US$1.07 trillion, followed by the UAE at $509.18 billion and Egypt at $389.4 billion.
The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth ...
US stocks closed lower Thursday after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected.. The Dow fell by 375 ...