United Arab Emirates Current Account to GDP Ratio
The United Arab Emirates' current account to GDP ratio fell to 9% in 2024, the lowest since 2020, down from 9.3% in 2023. This decrease resulted from a significant drop in net primary income which shifted from a surplus of 5.8% of GDP in 2023 to a deficit of -0.1% in 2024. The goods trade balance surplus also contracted, falling from AED 573.1 billion in 2023 to AED 492.3 billion in 2024, partly due to a 15.4% year-on-year increase in imports during the first half of 2024 compared to the first half of 2023. The United Arab Emirates' record low current account to GDP was 3.8% in 2016 and its record high was 11.7% in 2022.
Yearly Historical Data (2015-2024)
(in %)United Arab Emirates Current Account to GDP Ratio : Definition
The current account to GDP ratio shows a country's net flow of income relative to its economic output. It's calculated as the current account balance divided by the gross domestic product. The current account includes net exports, net primary income and net secondary income. A positive value indicates a surplus while a negative value indicates a deficit.