External balance on goods and services in United Arab Emirates
United Arab Emirates: External balance on goods and services was 281.13 billion current LCU in 2023. ◆ Volatile
External balance on goods and services in United Arab Emirates, 2001–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in United Arab Emirates is 281.13 billion current LCU, measured in 2023.
That represents a change of down 18.5% on the previous year and down 45.2% over ten years.
Over the whole period, external balance on goods and services in United Arab Emirates peaked at 513.18 billion current LCU in 2013 and was at its lowest, 23.94 billion current LCU, in 2002.
United Arab Emirates ranks 27th of 192 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in United Arab Emirates, year by year
| Year | current LCU | Change |
|---|---|---|
| 2001 | 32.08 billion current LCU | — |
| 2002 | 23.94 billion current LCU | -25.4% |
| 2003 | 43.59 billion current LCU | +82.1% |
| 2004 | 57.07 billion current LCU | +30.9% |
| 2005 | 103.59 billion current LCU | +81.5% |
| 2006 | 145.08 billion current LCU | +40.0% |
| 2007 | 75.49 billion current LCU | -48.0% |
| 2008 | 106.85 billion current LCU | +41.5% |
| 2009 | 54.42 billion current LCU | -49.1% |
| 2010 | 219.31 billion current LCU | +303.0% |
| 2011 | 366.86 billion current LCU | +67.3% |
| 2012 | 498.60 billion current LCU | +35.9% |
| 2013 | 513.18 billion current LCU | +2.9% |
| 2014 | 468.67 billion current LCU | -8.7% |
| 2015 | 328.80 billion current LCU | -29.8% |
| 2016 | 330.20 billion current LCU | +0.4% |
| 2017 | 355.50 billion current LCU | +7.7% |
| 2018 | 435.86 billion current LCU | +22.6% |
| 2019 | 363.06 billion current LCU | -16.7% |
| 2020 | 194.82 billion current LCU | -46.3% |
| 2021 | 285.08 billion current LCU | +46.3% |
| 2022 | 344.87 billion current LCU | +21.0% |
| 2023 | 281.13 billion current LCU | -18.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 71.35 billion current LCU | 23.94 billion current LCU | 145.08 billion current LCU | 9 |
| 2010s | 388.00 billion current LCU | 219.31 billion current LCU | 513.18 billion current LCU | 10 |
| 2020s | 276.48 billion current LCU | 194.82 billion current LCU | 344.87 billion current LCU | 4 |
Countries ranked near United Arab Emirates
More economy & growth data for United Arab Emirates
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.85 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.54 Percent per annum (2029)
- GDP (constant 2015 US$), annual growth rate 3.99 % change on previous year (2024)
- GDP (constant 2015 US$), per unit of GDP 0.8276 constant 2015 US$ per US$ of GDP (2024)
- GDP (constant 2015 US$), per capita 41,605 constant 2015 US$ per person (2024)
- GDP (constant LCU), annual growth rate 3.99 % change on previous year (2024)
- GDP (constant LCU), per unit of GDP 3.22 constant LCU per US$ of GDP (2024)
- GDP (constant LCU), per capita 161,699 constant LCU per person (2024)
- Gross domestic savings (current US$), annual growth rate -4.91 % change on previous year (2023)
- Gross domestic savings (current US$), per unit of GDP 0.4291 current US$ per US$ of GDP (2023)
Frequently asked questions
- What is external balance on goods and services in United Arab Emirates?
- External balance on goods and services in United Arab Emirates was 281.13 billion current LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in United Arab Emirates?
- The highest recorded value was 513.18 billion current LCU in 2013.
- What is the lowest external balance on goods and services recorded in United Arab Emirates?
- The lowest recorded value was 23.94 billion current LCU in 2002.
- How does United Arab Emirates rank for external balance on goods and services?
- United Arab Emirates ranks 27th out of 192 countries with data for 2023.
- Is external balance on goods and services rising or falling in United Arab Emirates?
- Over the last ten years it is down 45.2%. The long-run trend across the full record is volatile.
- Where does this United Arab Emirates data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.