Abu Dhabi Economy

GDP (purchasing power parity):
$63.67 billion (2004 est.)

GDP – real growth rate:
5.7% (2004 est.)

GDP – per capita:
purchasing power parity – $25,200 (2004 est.)

GDP – composition by sector:
agriculture: 4%
industry: 58.5%
services: 37.5% (2002 est.)

Labor force:
2.36 million
note: 73.9% of the population in the 15-64 age group is non-national (2004 est.)

Labor force – by occupation:
agriculture 7%, industry 15%, services 78% (2000 est.)

Unemployment rate:
2.4% (2001)

Population below poverty line:
NA

Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA

Inflation rate (consumer prices):
3.2% (2004 est.)

Investment (gross fixed):
20.8% of GDP (2004 est.)

Budget:
revenues: $23.68 billion
expenditures: $25.45 billion, including capital expenditures of $3.4 billion (2004 est.)

Public debt:
17.6% of GDP (2004 est.)

Agriculture – products:
dates, vegetables, watermelons; poultry, eggs, dairy products; fish

Industries:
petroleum, fishing, aluminum, cement, fertilizers, commercial ship repair, petrochemicals, construction materials, some boat building, handicrafts, textiles

Industrial production growth rate:
4% (2000)

Electricity – production:
45.12 billion kWh (2004)

Electricity – production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity – consumption:
36.51 billion kWh (2002)

Electricity – exports:
0 kWh (2004)

Electricity – imports:
0 kWh (2004)

Oil – production:
2.335 million bbl/day (2004 est.)

Oil – consumption:
310,000 bbl/day (2004 est.)

Oil – exports:
2.5 million bbl/day (2004 est.)

Oil – imports:
0 bbl/day (2004)

Oil – proved reserves:
97.8 billion bbl (2004 est.)

Natural gas – production :
44.4 billion cu m (2003 est.)

Natural gas – consumption:
33.7 billion cu m (2003 est.)

Natural gas – exports:
7.19 billion cu m (2003 est.)

Natural gas – imports:
0 cu m (2003 est.)

Natural gas – proved reserves:
6.06 trillion cu m (2004)

Current account balance:
$6.3 billion (2004 est.)

Exports:
$69.48 billion f.o.b. (2004 est.)

Exports – commodities:
crude oil 45%, natural gas, reexports, dried fish, dates

Exports – partners:
Japan 24.9%, South Korea 9.9%, India 5.4%, Thailand 5.2% (2004)

Imports:
$45.66 billion f.o.b. (2004 est.)

Imports – commodities:
machinery and transport equipment, chemicals, food

Imports – partners:
China 10%, India 9.8%, Japan 6.8%, Germany 6.5%, UK 6.2%, France 6.1%, US 6% (2004)

Reserves of foreign exchange and gold:
$18.64 billion (2004 est.)

Debt – external:
$5.9 billion (2004 est.)

Economic aid – donor:
since its founding in 1971, the Abu Dhabi Fund for Development has given about $5.2 billion in aid to 56 countries (2004)

Currency (code):
Emirati dirham (AED)

Currency code:
AED

Exchange rates:
Emirati dirhams per US dollar – 3.6725 (2004), 3.6725 (2003), 3.6725 (2002), 3.6725 (2001), 3.6725 (2000)
note: officially pegged to the US dollar since February 2002

Fiscal year:
Calendar year