Student ID – 1854923
A lawful alliance formed on 2 December 1971 between the seven emirates of Abu Dhabi,
Dubai, Sharjah, Ajman, Fujairah, Umm Al-Quwain and Ras-Al-Khaimah named as United
Arab Emirates (U.A.E). The UAE is well located in the Arabian Peninsula and covers an area
of approximately 82,880 square kilometres. Its south-west and south-east border touches
Saudi Arabia and Oman respectively. (En.wikipedia.org, 2018). The U.A.E is ranked 17th in
global competitiveness index forum (World Economic Forum, 2018) and ranked 21st best
nation in the world for doing business based on its economy and regulatory environment,
ranked by the Doing Business 2017 Report published by the World Bank Group.
(Doingbusiness.org, 2018)
UAE population
9.5 million
GDP per capita
38649 US$
Country risk assessment
A4
Business Climate
A2
(Coface.com, 2018)
A1
A2
A3
A4
B
C
D
E
Very Low Risk
Acceptable Risk
High Risk Country
Major Macro Economics Indicators (f) Forecast
Indicators
2014
2015
2016(f)
2017(f)
GDP growth (%)
3.1
3.8
2.7
2.6
Inflation (yearly average) (%)
2.3
4.1
3.5
3.1
Budget balance (% GDP)
4.9
-2.1
-3.9
-1.9
Current account balance (% GDP)
10
3.3
1.1
3.2
Public debt (% GDP)
15.6
18.1
18.9
18.8
