macro economics on uae
Macroeconomics Report on UAE
I state that this assignment is my own work and that where other sources of information have been used; these have been acknowledged in the accepted academic manner.
I have checked and followed the assessment criteria for this assignment.
Introduction
The UAE comprises of 7 Emirates: Abu Dhabi; Dubai; Sharjah; Ajman; Umm Al Quwain; Ras Al Khaimah and Fujeirah. The Emirates is one of the world 's first oil makers and has henceforth appeared to be profited by the later increase in the world oil costs. However the UAE economy’s development is not as reliant on the oil market itself.
The UAE has been following a mostly effective, strict variation technique far from oil reliance and has been similarly dedicated to its outward-orientated development plan. The Emirates sole vision to outline itself as the world’s largest financial centre and trading hub has been realised and as a result UAE’s economy has boomed over the years. Great investment efficiency has strained into high levels of total domestic product (GDP) and continuous amazing development rates over the past several years. Composite economic performance signs simply determine the achievements and success of the present UAE economy.
The main aim of the report is to analyse the health of the UAE economy by focusing on the main macroeconomics indicators. These indicators comprise of the GDP growth, labour and capital productivity, public finance, FDI development, Inflation and labour force.
UAE GDP Structure
UAE is well known to be the largest oil producers in the world. Therefore, a considerable part of UAE’s GDP comprises of oil. However, the oil’s share in UAE’s GDP is comparatively smaller to that of other GCC countries. UAE economy has shown a constant growth in its GDP and has more than doubled over the
I state that this assignment is my own work and that where other sources of information have been used; these have been acknowledged in the accepted academic manner.
I have checked and followed the assessment criteria for this assignment.
Introduction
The UAE comprises of 7 Emirates: Abu Dhabi; Dubai; Sharjah; Ajman; Umm Al Quwain; Ras Al Khaimah and Fujeirah. The Emirates is one of the world 's first oil makers and has henceforth appeared to be profited by the later increase in the world oil costs. However the UAE economy’s development is not as reliant on the oil market itself.
The UAE has been following a mostly effective, strict variation technique far from oil reliance and has been similarly dedicated to its outward-orientated development plan. The Emirates sole vision to outline itself as the world’s largest financial centre and trading hub has been realised and as a result UAE’s economy has boomed over the years. Great investment efficiency has strained into high levels of total domestic product (GDP) and continuous amazing development rates over the past several years. Composite economic performance signs simply determine the achievements and success of the present UAE economy.
The main aim of the report is to analyse the health of the UAE economy by focusing on the main macroeconomics indicators. These indicators comprise of the GDP growth, labour and capital productivity, public finance, FDI development, Inflation and labour force.
UAE GDP Structure
UAE is well known to be the largest oil producers in the world. Therefore, a considerable part of UAE’s GDP comprises of oil. However, the oil’s share in UAE’s GDP is comparatively smaller to that of other GCC countries. UAE economy has shown a constant growth in its GDP and has more than doubled over the
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