United Arab Emirates Country profile

united_arab_emirates_country_profile.jpg

January 2018

The United Arab Emirates is the third largest economy in the Middle East, after Saudi Arabia and Iran. The UAE has higher per capita incomes, business climate rank, and creditworthiness score in comparison to its MENAP affiliates (Middle East, North Africa, Afghanistan, Pakistan).  The UAE is a major hub for Australian firms looking to conduct business in the Middle East and North Africa. Most of the UAE is very dependent on energy exports—petroleum and natural gas continue to play a central role in the economy. Growth lags behind most other MENAP economies.

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars for 2018 as provided by the IMF. Annual GDP growth is for 2018. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.