m bin Rashid al-MAKTUM (since 8 October 1990),
ruler of Dubayy;
Head of Government--Prime Minister Shaykh Maktum bin Rashid
al-MAKTUM (since 8 October 1990), ruler of Dubayy;
Deputy Prime Minister Sultan bin Zayid Al NUHAYYAN (since 20 November
1990)
_#_Political parties and leaders: none
_#_Suffrage: none
_#_Elections: none
_#_Communists: NA
_#_Other political or pressure groups: a few small clandestine
groups are active
_#_Member of: ABEDA, AFESD, AL, AMF, CAEU, CCC, ESCWA, FAO, G-77,
GCC, IAEA, IBRD, ICAO, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, INMARSAT,
INTELSAT, INTERPOL, IOC, ISO (correspondent), ITU, LORCS, NAM, OAPEC,
OIC, OPEC, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WTO
_#_Diplomatic representation: Ambassador Abdullah bin Zayid
Al NUHAYYAN; Chancery at Suite 740, 600 New Hampshire Avenue NW,
Washington DC 20037; telephone (202) 338-6500;
US--Ambassador Edward S. WALKER, Jr.; Embassy at Al-Sudan Street,
Abu Dhabi (mailing address is P. O. Box 4009, Abu Dhabi); telephone [971]
(2) 336691; there is a US Consulate General in Dubayy (Dubai)
_#_Flag: three equal horizontal bands of green (top), white, and black
with a thicker vertical red band on the hoist side
_*_Economy
_#_Overview: The UAE has an open economy with one of the world's
highest incomes per capita outside the OECD nations. This wealth is based
on oil and gas, and the fortunes of the economy fluctuate with the prices
of those commodities. Since 1973, when petroleum prices shot up, the UAE
has undergone a profound transformation from an impoverished region of
small desert principalities to a modern state with a high standard of
living. At present levels of production, crude oil reserves should last
for over 100 years.
_#_GDP: $27.3 billion, per capita $12,100; real growth rate 10%
(1989 est.)
_#_Inflation rate (consumer prices): 3-4% (1989 est.)
_#_Unemployment rate: NEGL (1988)
_#_Budget: revenues $3.8 billion; expenditures $3.7 billion,
including capital expenditures of $NA (1989 est.)
_#_Exports: $15.0 billion (f.o.b., 1989 est.);
commodities--crude oil 65%, natural gas, reexports, dried fish,
dates;
partners--US, EC, Japan
_#_Imports: $9.0 billion (f.o.b., 1989 est.);
commodities--food, consumer and capital goods;
partners--EC, Japan, US
_#_External debt: $11.0 billion (December 1989 est.)
_#_Industrial production: growth rate - 9.3% (1986)
_#_Electric
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