Current Account Balance in UAE
The current account balance in the UAE averaged 10.2% of GDP in the decade to 2021, significantly above the Middle East & North Africa average of 3.8% of GDP. The 2021 reading was 11.6% of GDP. For more current account information, visit our dedicated page.
UAE Current Account Chart
Note: This chart displays Current Account (% of GDP) for UAE from 2012 to 2021.
Source: Macrobond.
UAE Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 8.9 | 6.0 | 11.6 | - | - |
| Current Account Balance (USD bn) | 37.3 | 21.1 | 48.0 | - | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Emirati current account projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Emirati current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Emirati current account projections.
Want to get access to the full dataset of Emirati current account forecasts? Send an email to info@focus-economics.com.