United Arab Emirates: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| United Arab Emirates |
Trade balance as percent of GDP |
|---|---|
| Latest value | 25.28 |
| Year | 2020 |
| Measure | percent |
| Data availability | 2001 - 2020 |
| Average | 19.49 |
| Min - Max | 5.84 - 35.30 |
| Source | The World Bank |
The latest value from 2020 is 25.28 percent, a decline from 25.94 percent in 2019. In comparison, the world average is -4.88 percent, based on data from 163 countries. Historically, the average for the United Arab Emirates from 2001 to 2020 is 19.49 percent. The minimum value, 5.84 percent, was reached in 2009 while the maximum of 35.3 percent was recorded in 2012.
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* indicates monthly or quarterly data series
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The trade balance for the United Arab Emirates and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 117.37 | 2021 | percent |
| Trade openness | 166.57 | 2020 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 95.93 | 2020 | percent |
| Exports, billion dollars | 335.24 | 2020 | billion U.S. dollars |
| Growth of exports | -7.02 | 2020 | percent |
| Imports, percent of GDP | 70.65 | 2020 | percent |
| Imports, billion dollars | 246.89 | 2020 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 4.48 | 2022 | percent |
| Foreign Direct Investment, billion dollars | 22.74 | 2022 | billion U.S. dollars |
| Current account, percent of GDP | 11.55 | 2021 | percent |
| Trade balance, percent of GDP | 25.28 | 2020 | percent |
| Reserves | 189.49 | 2023 | billion U.S. dollars |
| Foreign exchange reserves | 781.33 | 5/2024 | billion |