United Arab Emirates: Recent Economic Developments

International Monetary Fund

No 1998/134, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in the United Arab Emirates during 1995–98. Real GDP growth accelerated from about 5 percent in 1994 to 8.1 percent in 1995 and to 10.1 percent in 1996. However, 1997 saw a marked slowdown in real GDP growth, to an estimated 2.1 percent, reflecting mainly a decline in oil sector GDP. Over the period 1993–96, there was strong growth in non-oil GDP averaging 9½ percent per year, boosted by an exceptionally good performance in 1994 (12 percent).

Keywords: ISCR; CR; U.S. dollar; central bank; gross domestic product; exchange rate; net profit; nominal GDP; private sector; banking system; commercial bank; interest rate; Exports; Oil exports; Oil; Commercial banks; Imports; Global; Central Asia and the Caucasus; Baltics (search for similar items in EconPapers)
Pages: 98
Date: 1999-01-07
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/134

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