TURKISH BUSINESS COUNCIL

DUBAI & NORTHERN EMIRATES

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UAE at a Glance

UNITED ARAB EMIRATES AT A GLANCE

Location: North East of the Arab Peninsula and covers an area that looks like a triangle

Area: 71,023.6sq km of land, in addition to 27,624.9sq km of territorial water

Natural resources: Petroleum, natural gas

Climate: Desert; cooler in eastern mountains

Population: 9,770,529 (2019) There are more than 200 nationalities living and working in the UAE. Indians form the largest foreign community in the UAE, followed by Pakistanis, Bangladeshis, other Asians, Europeans and Africans.

Government type: Constitutional Federation of Seven Emirates

Capital: Abu Dhabi

Currency: Emirati Dirham (AED) Dirham is pegged to the USD. 1 USD = AED 3.6725

Legal system: Mixed legal system of Islamic law and civil law

GDP (current prices): AED 1.546 billion (2019)

GDP – real growth rate: 1.7% (2019)

GDP – per capita (current prices): USD 43.103 (2019)

Inflation rate (CPI): -1.93% (2019)

Exports: AED 1.160 billion (2019)

Exports – merchandise: Crude oil, natural gas, reexports, gold and jewelry, copper wire (2019)

Exports – partners (non-oil): Saudi Arabia 13.4%, India 10.4%, Switzerland 9%, Oman 7%, Kuwait 4.3%, Iraq 4% , Turkey 3.8%, (2019)

Imports: AED 914.9 million (2019)

Imports – merchandise: Gold and jewelry, transport vehicles, telephone equipment (2019)

Imports – partners: China 16.4%, India 10.7%, USA 8%, Japan 5.1%, Germany 4%, United Kingdom 2.9%, Turkey 1.4% (2019)

Source: www.government.ae (official portal of UAE Government) and The Annual Economic Report 2019 of UAE Ministry of Economy and www.fcsa.gov.ae (Federal Competitiveness and Statistics Authority)

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