Final consumption expenditure in United Arab Emirates
United Arab Emirates: Final consumption expenditure was 57.1% in 2023. ▼ Falling
Final consumption expenditure in United Arab Emirates, 2001–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2023, final consumption expenditure in United Arab Emirates stood at 57.1%.
That represents a change of up 5.9% on the previous year and up 34.5% over ten years.
Over the whole period, final consumption expenditure in United Arab Emirates peaked at 71.5% in 2002 and was at its lowest, 39.9%, in 2012.
United Arab Emirates ranks 175th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Final consumption expenditure in United Arab Emirates, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 69.0% | — |
| 2002 | 71.5% | +3.6% |
| 2003 | 68.3% | -4.5% |
| 2004 | 69.5% | +1.7% |
| 2005 | 64.2% | -7.6% |
| 2006 | 62.9% | -2.0% |
| 2007 | 66.8% | +6.2% |
| 2008 | 65.7% | -1.7% |
| 2009 | 62.5% | -4.8% |
| 2010 | 49.2% | -21.3% |
| 2011 | 46.0% | -6.6% |
| 2012 | 39.9% | -13.1% |
| 2013 | 42.4% | +6.3% |
| 2014 | 45.3% | +6.7% |
| 2015 | 51.9% | +14.5% |
| 2016 | 52.3% | +0.8% |
| 2017 | 52.2% | -0.1% |
| 2018 | 48.8% | -6.5% |
| 2019 | 50.4% | +3.1% |
| 2020 | 60.2% | +19.5% |
| 2021 | 54.5% | -9.4% |
| 2022 | 53.9% | -1.2% |
| 2023 | 57.1% | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 66.7% | 62.5% | 71.5% | 9 |
| 2010s | 47.8% | 39.9% | 52.3% | 10 |
| 2020s | 56.4% | 53.9% | 60.2% | 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)
- Gross capital formation (current US$), annual growth rate 4.47 % change on previous year (2023)
- Gross capital formation (current US$), per unit of GDP 0.2664 current US$ per US$ of GDP (2023)
- Gross capital formation (current US$), per capita 13,280 current US$ per person (2023)
- Gross capital formation (current LCU), annual growth rate 4.47 % change on previous year (2023)
- Gross capital formation (current LCU), per unit of GDP 0.9783 current LCU per US$ of GDP (2023)
- Gross capital formation (current LCU), per capita 48,769 current LCU per person (2023)
- Gross capital formation (constant 2015 US$), annual growth rate 4.22 % change on previous year (2023)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2572 constant 2015 US$ per US$ of GDP (2023)
Frequently asked questions
- What is final consumption expenditure in United Arab Emirates?
- Final consumption expenditure in United Arab Emirates was 57.1% in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in United Arab Emirates?
- The highest recorded value was 71.5% in 2002.
- What is the lowest final consumption expenditure recorded in United Arab Emirates?
- The lowest recorded value was 39.9% in 2012.
- How does United Arab Emirates rank for final consumption expenditure?
- United Arab Emirates ranks 175th out of 188 countries with data for 2023.
- Is final consumption expenditure rising or falling in United Arab Emirates?
- Over the last ten years it is up 34.5%. The long-run trend across the full record is falling.
- 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 Final consumption expenditure (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.