Economic environment.doc
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Economic environment.doc

Economicenvironment.doc

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WT/TPR/S/162TradePolicyReviewPageUnitedArabEmiratesWT/TPR/S/162PagePageI.PAGE\*MERGEFORMAT1EconomicenvironmentMajorFeaturesoftheEconomyTheUnitedArabEmirates(UAE)isafederationofsevenemirateslocatedintheArabianGulf.AbuDhabi,Dubai,andSharjaharethethreelargestTheothersareAjman,Fujairah,Ra'salKhaimah,andUmmal-Qaiwain.;AbuDhabiCityisthefederalcapital.TheUAEsharesaborderwithSaudiArabiaandOman.Ithasalandmassof83,600squarekilometresMinistryofInformationandCulture(2005).,andatotalpopulationestimatedat4.32million(TableI.1).Theurbanpopulationaccountsfor75%ofinhabitantsasfourfifthsoftheterritoryisdesert.About80%oftheUAE'spopulationisforeign.NationalHumanResourceDevelopmentandEmploymentAuthority(2005).MajornationalitiesincludeArabs,Pakistanis,Indians,Iranians,Afghans,BangladeshisandFilipinos.TheUAEhastheworld'sfifthlargestprovenreservesofcrudeoil(9%oftotalworldreserves),andfourthlargestreservesofnaturalgas(5%oftheworldtotal).OPEC(2004).Theauthoritiesestimatethatthesereserveswilllastmorethan100yearsatcurrentproductionrates.TableI.1TheUnitedArabEmiratesataglance,1995and200419952004Population(million)2.404.32GDPtotal(billion,atcurrentprices)InUAEdirhams145.3378.8InU.S.dollars42.7103.1GDPpercapita(US$)17,72023,722ShareofGDPatcurrentprices(percent)Agriculture,livestockandfishery2.92.7Mining30.932.8Manufacturing10.413.1Electricity,water,andgas1.52.0Construction8.77.5Trade11.712.2Transport,storageandcommunications6.77.2Realestate10.07.8Financialservices5.65.9Governmentservices10.68.5Source:MinistryofInformationandCulture(2005),UnitedArabEmiratesYearbook2005;andIMFStaffReports,variousissues.AmongtheEmirates,AbuDhabiaccountsformorethanhalfofthecountry'stotalGDP,closeto40%ofthepopulation,andover90%ofcrudeoilandgasproduction.Dubaiisthesecondlargestemirateintermsofeconomicsize,andcontributesonequarterofthecountry'stotalGDP.In2004,Dubaiwelcomedcloseto5milliontourists,and16millionpassengersuseditsairport.Ithasbecometheregion'scentrefortrade,essentiallybydevelopingi