The United Arab Emirates recorded a Current Account surplus of 9.30 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in the United Arab Emirates averaged 9.73 percent of GDP from 1980 until 2023, reaching an all time high of 25.00 percent of GDP in 1980 and a record low of 0.10 percent of GDP in 1994. source: IMF

Current Account to GDP in the United Arab Emirates is expected to reach 7.70 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Current Account to GDP is projected to trend around 7.60 percent of GDP in 2025 and 7.00 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Current Account to GDP 9.30 11.70 percent of GDP Dec 2023
Imports 1388300000.00 1216000.00 AED Million Dec 2023

United Arab Emirates Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
9.30 11.70 25.00 0.10 1980 - 2023 percent of GDP Yearly