Public Debt in United Arab Emirates

United Arab Emirates Public Debt | Economic News & Forecasts

United Arab Emirates - Public Debt

Activity seemed to gain momentum in Q3, as an elevated vaccination rate permitted the gradual relaxation of restrictions. The non-oil private sector PMI averaged at the highest level in two years in the quarter, while Dubai’s consumer confidence index hit a 10-year high, indicating robust private consumption. The oil sector also likely performed well: Oil production and prices averaged higher in Q3 than in Q2, with September’s production marking a 17-month high. Heading into Q4, Dubai’s Expo 2020, which began in October, is likely boosting inbound visitor arrivals, aiding the UAE’s important and hard-hit tourism industry. The Expo also forms part of efforts to diversify the economy away from oil, amid the government’s commitment made in October to reach net-zero emissions by 2050. Meanwhile, the federal government recently announced its 2022 budget, with expenditure largely unchanged from last year.

United Arab Emirates - Public Debt Data

2015   2016   2017   2018   2019  
Public Debt (% of GDP)18.7  20.2  20.0  19.1  -     

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United Arab Emirates Facts

Value Change Date
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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