UAE Facts and Figures

UAE Facts and Figures

The UAE is one of the most advanced economies in the world. Over the last decade, it has emerged as a key player in international trade and investment thanks to its strategic location and educated workforce. The Emirates has been a constant focus for most global businesses because of its booming economy, impressive gross domestic product (GDP) growth rate, and spectacular annual value-added per capita. Indeed, the UAE’s remarkable performance makes it one of the hottest emerging markets today. This article provides an insight into everything you need to know about the UAE in numbers – from population stats and GDP per capita to unemployment figures and average age.

Introduction to the UAE

The United Arab Emirates is a federation of seven emirates: Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras al-Khaimah and Umm al-Quwain. The country is located in the Middle East, bordering the Gulf of Oman and the Persian Gulf. It has a population of 9.2 million, of which UAE nationals amount to 8.4 million. The UAE is a federation of seven emirates. The emirates are Abu Dhabi, Ajman, Dubai, Fujairah, Sharjah, Ras al-Khaimah and Umm al-Quwain. The first three are the most populous Emirates and each has an administrative role in the federation. The economy of the UAE has developed into a knowledge-based economy. It has also become a regional hub for the service sector, tourism and trade. The UAE has been able to attract large numbers of foreign investors due to its political stability and continuous economic growth.

Emirati Population

The total population of all UAE emirates is 9.32 million people. Among these, the majority (69%) are foreigners, while Emirati citizens account for 31%. The UAE is a young country, with the majority of its people under the age of 35. The demographics of the UAE reflect the country’s nature of being a melting pot of cultures. The Emirati population accounts for 31% of the total population, an increase from the 6% in 1965. The number of expatriates living in the UAE has increased from 2% in 1965 to 69% in 2019. The UAE hosts the largest expatriate population in the world. As of 2016, 9.3 million out of the country’s total population of 10.5 million were expatriates. The majority of expats come from India, Pakistan, Bangladesh, Philippines, Iran and Sri Lanka.

GDP in the UAE

The UAE has a highly diversified economy, with a gross domestic product (GDP) of $484 billion, making it the joint richest country in the world. The UAE has sustained a yearly average growth of 7.5% since 2004, making it a top destination for foreign investment. The UAE’s economy is fuelled by three main sectors: trade, tourism and finance. It has robust trade relationships with most of the countries in the world through its strategically placed ports. Abu Dhabi’s port houses the world’s largest man-made harbour. Dubai is well known for its thriving tourism industry and is the world’s top tourist destination in terms of the number of visitors. The UAE’s finance sector is also home to some of the largest banks in the world, including the Dubai-based Emirates NBD and Abu Dhabi’s First Abu Dhabi Bank.

Employment in the UAE

The UAE has one of the most developed economies in the world, with a robust trade and tourism sector. However, with a large expatriate population, many people are attracted to the UAE for job opportunities. This has resulted in high levels of employment in the UAE. In fact, the UAE has one of the highest labour participation rates in the world, with a rate of 76% among the country’s total population aged 15 years and above. The UAE attracts thousands of expats every year, making it one of the top destinations for jobs in the world. UAE citizens account for 31% of the total population and as many as 69% expats. The UAE has a very diverse workforce, with people hailing from all corners of the world. Despite the large number of job opportunities in the UAE, it has seen a fall in its labour force participation rate (LFPR) over the years.

Wealth of the Emirate’s Citizens

The UAE’s success is driven by its citizens. The country’s high per capita income and robust economy are a result of the country’s top-notch infrastructure and well-placed ports. The UAE’s growing economy has resulted in an increase in the country’s per capita income, which is currently estimated to be around $47,000. This makes UAE nationals the richest in the world. The majority of the assets of UAE nationals are invested in the real estate and financial markets. UAE nationals are quite conservative when it comes to investment, with the most popular forms of investment being real estate and the stock exchange.

The UAE is one of the most successful countries in the world. It has seen a steady rise in its GDP over the last decade and has become one of the top destinations for job opportunities in the world. Its large expatriate population and robust economy are a result of the country’s top-notch infrastructure, strategic location and well-placed ports. The UAE’s growing economy has resulted in an increase in its per capita income and has made its nationals the richest in the world.