United Arab Emirates: Trade openness
* indicates monthly or quarterly data series
| United Arab Emirates |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 202.33 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2001 - 2023 |
| Average | 150.19 |
| Min - Max | 89.86 - 202.33 |
| Source | The World Bank |
The latest value from 2023 is 202.33 percent, an increase from 188.95 percent in 2022. In comparison, the world average is 94.72 percent, based on data from 161 countries. Historically, the average for the United Arab Emirates from 2001 to 2023 is 150.19 percent. The minimum value, 89.86 percent, was reached in 2001 while the maximum of 202.33 percent was recorded in 2023.
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Definition: Exports plus imports as percent of GDP.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 111.10 | 2023 | percent |
| Trade openness | 202.33 | 2023 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 108.61 | 2023 | percent |
| Exports, billion dollars | 558.40 | 2023 | billion U.S. dollars |
| Growth of exports | 6.88 | 2023 | percent |
| Imports, percent of GDP | 93.72 | 2023 | percent |
| Imports, billion dollars | 481.85 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 5.97 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 45.63 | 2024 | billion U.S. dollars |
| Current account, percent of GDP | 14.48 | 2024 | percent |
| Trade balance, percent of GDP | 14.89 | 2023 | percent |
| Reserves | 237.93 | 2024 | billion U.S. dollars |
| Net errors and omissions | 6,099.39 | 2024 | million USD |