United Arab Emirates (Real GDP, yoy %)
201920202021
Consensus (median)3.33.53.1
High estimate4.553.1
Low estimate2.52.83.1
Standard Deviation0.50.60
Count of Estimates1591
History
Forecast
[Positive]

A recovery in oil prices together with diversification (to non-ore sectors) course announced by state officials will help the UAE economy to increase in 2018 at the rate of 3-4% in real GDP. Also recent growth in VAT will increase tax revenue which ultimately boost government spending (this will add around 1% in real GDP. As maybe easily seen from statistic page, tourism is also developing in good shape for 2018-2019 (tourism sector is one of the major item in state agenda for diversification)

[Positive]

Most analysts estimates GDP growth in 2018 to be 2-3 pp more than in 2017 thanks to solid upward in oil prices and service sector development in the economy of UAE