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vertical red band on the hoist side

*United Arab Emirates, 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, 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.
National product:
GDP - exchange rate conversion - $34.9 billion (1992)
National product real growth rate:
NA%
National product per capita:
$13,800 (1992)
Inflation rate (consumer prices):
1% (1990 est.)
Unemployment rate:
NEGL% (1988)
Budget:
revenues $4.3 billion; expenditures $4.8 billion, including capital
expenditures of $NA (1993)
Exports:
$21.2 billion (f.o.b., 1991 est.)
commodities:
crude oil 66%, natural gas, reexports, dried fish, dates
partners:
Japan 39%, Singapore 5%, Korea 4%, Iran 4%, India
Imports:
$13.9 billion (f.o.b., 1991 est.)
commodities:
capital goods, consumer goods, food
partners:
Japan 15%, US 10%, UK 9%, Germany 7%, Korea 4%
External debt:
$11 billion (December 1989 est.)
Industrial production:
growth rate 30% (1990 est.); accounts for 56% of GDP, including petroleum
Electricity:
6,090,000 kW capacity; 17,850 million kWh produced, 6,718 kWh per capita
(1992)
Industries:
petroleum, fishing, petrochemicals, construction materials, some boat
building, handicrafts, pearling
Agriculture: accounts for 2% of GDP and 5% of labor force; cash crop - dates; food
products - vegetables, watermelons, poultry, eggs, dairy, fish; only 25%
self-sufficient in food
Economic aid:
donor - pledged $9.1 billion in bilateral aid to less developed countries
(1979-89)
Currency:
1 Emirian dirham (Dh) = 100 fils
Exchange rates:
Emirian dirhams (Dh) per US$1 - 3.6710 (fixed rate)
Fiscal year:
calendar year

*United Arab Emirates, Communications

Highways:
2,000 km total; 1,800 km bituminous, 200 km gravel and graded earth
Pipelines:
crude oil 830 km, natural gas, including natural gas liquids, 870 km
Ports:
Al Fujayrah, Khawr Fakkan, Mina' Jabal 'Ali, Mina' Khalid, Mina' Rashid,
Mina' Saqr, Mina' Zayid
Merchant marine:
56 ships (1,000 GRT or over) totaling