91 FAX: [971]
(2) 4435441 consulate(s) general: Dubai

Flag description: three equal horizontal bands of green (top), white,
and black with a wider vertical red band on the hoist side

Economy United Arab Emirates

Economy - overview: The UAE has an open economy with a high per capita
income and a sizable annual trade surplus. Its wealth is based on oil and
gas output (about 33% of GDP), 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, oil and gas reserves should last for more
than 100 years. The government has increased spending on job creation
and infrastructure expansion and is opening up its utilities to greater
private sector involvement.

GDP: purchasing power parity - $51 billion (2001 est.)

GDP - real growth rate: 5.6% (2001 est.)

GDP - per capita: purchasing power parity - $21,100 (2001 est.)

GDP - composition by sector: agriculture: 3% industry: 46% services: 51%
(2000 est.)

Population below poverty line: NA%

Household income or consumption by percentage share: lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices): 4.5% (2000 est.)

Labor force: 1.6 million (2000 est.) note: 73.9% of the population in
the 15-64 age group is non-national (July 2002 est.)

Labor force - by occupation: services 78%, industry 15%, agriculture 7%
(2000 est.)

Unemployment rate: NA%

Budget: revenues: $20 billion expenditures: $22 billion, including
capital expenditures of $NA (2000 est.)

Industries: petroleum, fishing, petrochemicals, construction materials,
some boat building, handicrafts, pearling

Industrial production growth rate: 4% (2000)

Electricity - production: 38.7 billion kWh (2000)

Electricity - production by source: fossil fuel: 100% hydro: 0% other: 0%
(2000) nuclear: 0%

Electricity - consumption: 35.991 billion kWh (2000)

Electricity - exports: 0 kWh (2000)

Electricity - imports: 0 kWh (2000)

Agriculture - products: dates, vegetables, watermelons; poultry, eggs,
dairy products; fish

Exports: $47.6 billion (f.o.b., 2000 est.)

Exports - commodities: crude oil 45%, natural gas, reexports, dried
fish, dates

Exports - partners: Japan 30%, India 7%, Singapore 6%, South Korea 4%,
Oman, Iran (1999)

Imports: