Unemployment in United Arab Emirates
United Arab Emirates - Unemployment
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 - Unemployment Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Unemployment Rate | 2.8 | 2.4 | 2.1 | 1.6 | 1.7 |
United Arab Emirates Unemployment Chart
Source: World Bank.
United Arab Emirates Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.67 | 0.0 % | Jan 14 |
| Stock Market | 0.3 | 0.75 % | Jan 14 |
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Economic News
United Arab Emirates: Inflation continues to moderate in November
December 24, 2018
Consumer prices fell 0.30% in November from the previous month, following October’s 0.48% decline.
United Arab Emirates: PMI rises in November despite intensifying pressure on firms’ margins
December 6, 2018
The Emirates NBD Purchasing Managers’ Index (PMI) rose to 55.8 in November, from 55.0 in October.
United Arab Emirates: Inflation sharply declines in October
November 27, 2018
Consumer prices fell 0.48% in October from the previous month, up from September’s 0.61% decline.
United Arab Emirates: Inflation falls in September
November 23, 2018
Consumer prices fell 0.61% in September from the previous month, contrasting August’s 0.15% rise.
United Arab Emirates: PMI ticks down in October but business confidence reaches record-high
November 5, 2018
The Emirates NBD Purchasing Managers’ Index (PMI) edged down to 55.0 in October, from 55.3 in September.
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