International Reserves in United Arab Emirates

United Arab Emirates International Reserves | Economic News & Forecasts

United Arab Emirates - International Reserves

Growth appears to have moderated but remained healthy in the first quarter, as OPEC+ production cuts in effect since January dampened oil-sector growth, while non-oil activity picked up after a near-flat reading in Q4, thanks in good part to higher government spending. Turning to the second quarter, the non-oil sector appears to have made some positive strides. The PMI rose notably in April and then again in May, reaching an over four-year high, although payrolls have remained stagnant. Data for Dubai also indicates healthy tourism, as well as a pick-up in construction activity in May due in large part to the ramp-up of Expo 2020 projects. Nevertheless, OPEC+ cuts remained in place in the quarter—limiting the oil sector’s momentum and weighing on growth—and are likely to be extended until year-end at the next OPEC+ meeting ending 2 July.

United Arab Emirates - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)68.2  78.4  93.9  85.4  95.4  

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United Arab Emirates International Reserves Chart

UAE International Reserves
Note: International reserves in months of imports.
Source: Central Bank of United Arab Emirates.

United Arab Emirates Facts

Exchange Rate3.670.0 %Jul 11
Stock Market0.10.75 %Jul 11

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