Theme: Economic indicators of United Arab Emirates
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- GDP per capita.
- Income of the population
- Sources of income
- Living standards Education.
- Consumer basket.
- Life sustainability
- Arab Emirates - Life expectancy at birth
- Life expectancy
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Moliya-iqtisod fakulteti MM 96i guruh tolibi Norqo’ziyev Muhammadning Makroiqtisodiyot fanidan Mustaqil ishi Theme: Economic indicators of United Arab Emirates Plan:
Introduction to UAE’s economy GDP per capita Income of the population Sources of income Living standards Consumer basket Life sustainability The economy of the United Arab Emirates is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of $349 billion (AED 1.39 trillion) in 2016. The emirates have been successfully diversifying its economy. Although the UAE has the most diversified economy in the GCC, its economy remains extremely reliant on petroleum (oil). With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and Natural Gas continue to play a central role in the economy, especially in Abu Dhabi. More than 85% of the UAE's economy was based on the oil exports in 2009. While Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification, Dubai, which has far smaller oil reserves, was bolder in its diversification policy. In 2011, oil exports accounted for 77% of the UAE's state budget. Tourism is one of the bigger non-oil sources of revenue in the UAE, with some of the world's most luxurious hotels being based in the UAE. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping the UAE diversify its economy. nationwide, there is currently $350 billion worth of active construction projects. GDP per capita. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. The gross domestic product per capita in the United Arab Emirates was last recorded at 40162 US dollars in 2017. The GDP per capita in the United Arab Emirates is equivalent to 324 percent of the world's average. GDP per capita in the United Arab emirates averaged 65635.76 USD from 1975 until 2016, reaching an all time high of 113682 USD in 1980 and a record low of 35049.10 USD in 2010. 
Income of the population The UAE is one of the richest countries in the world, with a per capita GNI of USD 48,500 (purchasing power parity, PPP) for 2011. This wealth is, however, distributed vastly unequally between different Emirates and among the various population groups. Most of the country’s wealth is concentrated in Abu Dhabi and Dubai. Among the Emirati nationals, who make up 19 percent of the total population, vast differences of income exist, though most people live relatively well and have access to free public services, such as water, electricity, health care, and social security. However, large numbers of foreign workers earn low wages or inadequate salaries. As of 2003, 19.5 percent of the country’s population was estimated to be under the poverty line. There are no reliable figures for the years after that, though the number has probably stayed around 20 percent. About 10 percent of the population fall under the lowest household income group, and another 10 percent under the highest income group. The concentration of wealth is so drastic that less than 0.2 percent of the population controls 90 percent of the wealth. Income and other economic inequalities are a distinct feature of the UAE socio-economic system, and they often overlap with ethnic origins or other divisions in the country’s population. The difference in income, even in the same job, between employees with the same qualifications can be large. And the lowest wages are typically reserved for the most difficult and demanding unskilled labour, usually with much lower benefits than those enjoyed in skilled labour or white-collar jobs. Exact rankings of the UAE in any of the income equality indexes are unavailable, for lack of data. Foreign workers do not benefit from the welfare programmes available to Emirate citizens. The situation created by this policy is one of clear discrimination, which extends to other socio-economic areas, including employment, salaries, inflation compensation, promotions, and labour rights. Many observers criticize the country for its poor record on equality and the extremely low wages paid to its vast expatriate work force and for the few government services provided to expatriates. In addition to the preferential treatment of locals over expatriates, discrimination also involves gender. These facts have led to an extremely polarized income distribution, with Abu Dhabi in almost full control of the wealth.
UAE’s income is sourced by Agriculture: $2.44 billion with a percent of 0.7%; Industry: $155.53 billion with a percent of 44.6%; Services: $190.76 billion with a percent of 54.7% (2016). Agriculture. Only about 81,000 hectares (200,000 acres) of land are cultivated. About 24% of cultivated land is used to grow vegetables, 30% fruit, 10% feed crops, and 36% for other uses. The most productive region is Ra's al-Khaimah, which receives underground water supplies from the nearby mountains of Oman and which enjoys the most plentiful rainfall. The main crops are tomatoes, melons, and dates. Industry. Rapid economic growth prompted by discovery of oil reserves on the territory of the UAE, has given boost to the active development of different sectors of industry. Its share in the UAE’s GDP (as of 2000) constituted only 46%. The basis of the industrial sector of the Emirates is oil and gas industry, which provides today around 33% of GDP. Currently, the United Arab Emirates is the third largest producer of “black gold” in the Gulf area. An average of almost 2.2 million barrels of oil per day is produced in the country. The total reserves of valuable fuel are around 200 billion barrels whereas the reserves of natural gas are about 5.6 billion cubic meters. Most of oil is produced in the Emirates of Abu Dhabi, Dubai and Sharjah. Other industries in the UAE Among other industries, an important role in the economy of the UAE is played by the energy sector, production of construction materials and fabricated metals, water distillation as well as textile and food processing industry. The development of all these industries was triggered primarily by the construction boom, when construction of new hotels, shopping malls and skyscrapers needed thousands of kilometers of plastic pipe, tons of cement, electrical equipment and other goods. In addition, another task was to provide the constantly growing population with consumer goods and food. Services. The UAE has been one of the most successful countries in the region for its diversification efforts, and this strategy has been supported by investment in services such as tourism and financial services. HSBC’s research shows that the contribution of services to total exports in the country rose from 16 per cent in 2000 to 23 per cent in 2015 Businesses focusing on tourism and travel in particular have benefited, with the sector accounting for 58 per cent of services exports last year; up from 43 percent in 2000. Additionally, HSBC forecasts this share to increase to 62 percent by 2030. Projects such as Expo 2020 and Abu Dhabi’s Surface Transport Master Plan are the type of initiatives that are anticipated to drive growth in services. In particular, expectations for the growth in tourism and travel appears to be reiterated by estimates from the UAE Ministry of the Economy, which indicate that the sector will expand 5.4 per cent annually over the next decade and be worth Dh236.8 billion by 2026, up from Dh134 billion last year. As a result of the focus on this area and factors such as technological advances, rising consumer spending and falling travel costs fuelling the services sector, businesses operating in this space will benefit from more opportunities than those companies focused primarily on merchandise trade. Despite the growing importance of services sector the oil sector continues to be a crucial factor for confidence and as a source of funding for investment, with petroleum products contributing to around 40 per cent of projected growth in merchandise exports in the decade to 2030. While transport equipment will contribute 18 per cent to total import growth in 2016-20 and 15 per cent in 2021-30, while industrial machinery makes up 12-13 per cent of growth over the entire period. Living standards Education. Abdul Malek said that before the formation of the federation pupils used to go to Qatar, Kuwait and Egypt for education. "The Kuwaiti government played a vital role in the education system during that time. They used even to distribute uniforms, shoes, books and food for the pupils" he said. Abdul Malek said that people showed great interest in studying during that time as they were aware that education was vital to achieve success. "The Trucial States was not rich, there were no luxuries and the only way to achieve success as through education," he said. "Life has changed much now and people have various other options such as running businesses. In the past, there were no options. People from my generation were interested in studying. Many of them went abroad to study. I went to Egypt to study commerce and business following which we have helped in the building our modern country," he said. He said life transformed after the formation of the federation under the leadership of late Shaikh Zayed Bin Sultan Al Nahyan and late Shaikh Rashid Bin Saeed Al Maktoum and the other Rulers who helped build the modern nation. "Our leaders built the country with very strong foundations keeping in mind what is best for the country and its people which has made the UAE one of the most unique in the world," he said. "Our leaders established a strong nation offering the best facilities which include education, health services, infrastructure, roads, bridges, building and housing for Emiratis. People are encouraged to run businesses, trade and also work in the agricultural sector," he said. Abdul Malek recalls the days of the declaration of the federation. "We were proud of becoming becoming and independent nation," he said. "As the Secretary General for Authority of Youth and Sports and from my interest in sports I can tell that in the past we had no proper sports club. Clubs. "There were only some small sports clubs which were operated from houses. We had no sport grounds and games used to be to played on hard surfaces called sibkha. People had to stand or sit on the ground to watch football games. "But now the facilities built by our government is of international standards," he said. "When I was young life was very simple. People in the neighbourhood knew each other. "Children spent time near the sea either fishing, swimming or playing at the Al Seef beach or at Sakeek road near our parents house," he recollected. "We were very mature as children and used to work in order to earn money. We used to collect stones from the sea and sell it. We also used to collect cans from the roads wash it in the sea and sell it to the patisserie shops," he said. He said before 1970 there were no electricity or water and houses built from mud and stones. Consumer basket. Consumer Price Index cpi in the united arab emirates decreased to 107.36 index points in april from 111.40 index points in march of 2018. Consumer price index cpi in the united arab emirates averaged 99.41 index points from 2008 until 2018, reaching an all time high of 112.29 index points in january of 2018 and a record low of 89.17 index points in january of 2008. 
Life sustainability Life expectancy of united arab emirates goes up to 77.26 years. In 2016 the life expectancy in United Arab Emirates increased to 77.26 years. That year, the life expectancy for women was 78.77 years and for men 76.57 years. United Arab Emirates’s position worsened with respect to the 192 countries we publish said data, dropping from the 47th in 2015 to 49th in 2016. If we look at the change in life expectancy in United Arab Emirates over the past several years, we find that it is higher than in 2015, when it was 77.1 years, which is the same of what happens compared to 2006, when it was 75.63 years. In this page we show you the progression of the life expectancy in United Arab Emirates. You can see the life expectancy in other countries in life expectancy and see all the information about United Arab Emirates in Emirati economy. Arab Emirates - Life expectancy at birth
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