The UAE has an open economy with one of the world’s highest per capita income and a sizeable trade surplus. The economic activity is dominated by oil extraction and the manufacturing industry is concentrated in hydrocarbon-related activities. The main natural resources are pearls, fish and petroleum. The country re-exports textiles, consumer electronics, cameras, watches, gold, motors, scooters and perfumes. In recent years, UAE has expanded its agricultural production through subsidies. The government is encouraging livestock and poultry production and commercial fishing. Dates are the major crop.
| GDP at Current Market Prices: |
84226.68 million US$ (2004) |
| Per Capita GDP: |
456.64 US$ (2004) |
| Share of Sectors in GDP: |
3.14% Agriculture, 56.0% Industry, 40.0% Services, (2003) |
| Total Exports: |
61882.80 million US$ (2003) |
| Total Imports: |
- million US$ (2004) |
| Major Exports Items: |
Crude oil, natural gas, dried fish and dates |
| Major Imports Items: |
Manufactured goods, chemicals, machinery and transportation equipment |
| Major Trading Partners: |
Japan, Iran, India and China |
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