Fiscal Balance in United Arab Emirates

United Arab Emirates Fiscal Balance | Economic News & Forecasts

United Arab Emirates - Fiscal Balance

Economic 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

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)8.4  1.9  -3.4  -2.5  -1.8  

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United Arab Emirates Fiscal Balance Chart

UAE Fiscal
Note: Fiscal balance as % of GDP.
Source: National Bureau of Statistics.

United Arab Emirates Facts

Exchange Rate3.670.0 %Jan 16
Stock Market0.30.75 %Jan 16

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