Imports in United Arab Emirates

United Arab Emirates Imports (%) | Economic News & Forecasts

United Arab Emirates - Imports (percent change)

Economic growth was likely solid in Q2. Oil output growth was robust, notwithstanding ongoing OPEC production cuts. Moreover, the non-energy economy looks to have accelerated as the non-oil sector PMI expanded at the fastest pace since Q4 2014 in the second quarter. In addition, healthy job creation should have buttressed household spending. Turning to Q3, the economy likely decelerated. Oil production growth softened in the quarter, while in September the non-oil sector PMI recorded the lowest reading since May 2010 on record-low new orders growth. In other news, the UAE approved its 2020 federal budget in late September, which will be the largest spending plan in its history, boding well for growth. The budget will boost spending on social development programs such as education and healthcare.

United Arab Emirates - Imports (%) Data

2013  2014  2015  2016  2017  
Imports (annual variation in %)5.9  2.0  -4.9  1.2  8.7  

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United Arab Emirates Facts

Exchange Rate3.670.0 %Sep 04
Stock Market0.10.75 %Sep 04

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