United Arab Emirates's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1991-2029)

United Arab Emirates's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1991-2029)

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TGM StatBox. (2024). United Arab Emirates's Overall Balance (% of GDP): Net Lending/Borrowing Trends and Forecasts (1991-2029). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: UAE
Published date: 2024
Note: Net lending/borrowing, also referred to as the overall balance, is a measure of a country's fiscal position, expressed as a percentage of its Gross Domestic Product (GDP). According to the International Monetary Fund (IMF), it indicates the difference between government revenues and expenditures, including any borrowing or lending to other sectors.
Key Takeaways
The UAE's fiscal performance reflects its reliance on oil revenues. High oil prices in the mid-2000s led to substantial surpluses, peaking at 20.2% in 2006. However, the 2014 oil price collapse and the pandemic in 2020 pushed the balance to -2.5%.

Recovery has been strong, with surpluses of 9.9% in 2022, supported by higher oil prices and diversification efforts. Forecasts indicate stabilization at 3.1% by 2029, showcasing the UAE’s robust economic policies and oil sector resilience.

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