Fiscal Balance in United Arab Emirates
United Arab Emirates - Fiscal BalanceEconomic momentum appears to have taken a hit in the last quarter of the year due to nosediving oil prices in the period. Nevertheless, growth in the non-oil sector remained steady in Q4, as reflected by PMI data up to November, which suggests annual non-oil GDP growth in 2018 broadly matched the preceding year. However, the stock market in Dubai posted its worst annual performance since 2008 with a 25% fall, owing to oversupply and falling prices in the critical real-estate market; in contrast, the Abu Dhabi stock index performed robustly. Looking at 2019, Dubai unveiled its annual budget on 1 January, which was broadly stable from 2018’s record expenditures, with a continued focus on infrastructure investment to prepare for Expo 2020. This spending will supplement the largest budget in history which was recently enacted at the federal level.
United Arab Emirates - Fiscal Balance Data
|Fiscal Balance (% of GDP)||8.4||1.9||-3.4||-2.5||-1.8|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates Fiscal Balance Chart
Source: National Bureau of Statistics.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Jan 16|
|Stock Market||0.3||0.75 %||Jan 16|
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December 24, 2018
Consumer prices fell 0.30% in November from the previous month, following October’s 0.48% decline.
December 6, 2018
The Emirates NBD Purchasing Managers’ Index (PMI) rose to 55.8 in November, from 55.0 in October.
November 27, 2018
Consumer prices fell 0.48% in October from the previous month, up from September’s 0.61% decline.
November 23, 2018
Consumer prices fell 0.61% in September from the previous month, contrasting August’s 0.15% rise.
November 5, 2018
The Emirates NBD Purchasing Managers’ Index (PMI) edged down to 55.0 in October, from 55.3 in September.