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United Arab Emirates
Index
Gross Domestic Product (GDP): US$33.7 billion in
1989,
about US$14,100 per capita. Real growth rate 11 percent in
1989.
Oil Industry: In 1987 oil and gas extraction
contributed 36 percent of GDP. Petroleum products
accounted for
over 73 percent of exports (79 percent of exports in
1990). Abu
Dhabi had largest reserves and most of production. Crude
oil
production 878 million barrels in 1991 (81 percent from
Abu
Dhabi).
Industry: Manufacturing constituted 9 percent of
GDP in
1987. Oil refining and gas processing most important,
followed by
petrochemicals, utilities, and cement, all using oil or
gas as
fuel and feedstock. Government owned at least one-half
interest
in these plants. Dubai Dry Docks one of world's largest
and most
modern. Majority of industrial workers foreigners.
Agriculture and Fishing: Represented less than 2
percent of GDP in 1987. Production mostly vegetables,
fruit,
livestock, and poultry. Water shortages restrict farming.
Fishing
industry being developed.
Exports: US$20.5 billion in 1990, of which
US$16.2
billion oil and gas. Remainder largely propane and butane
and
reexports. Japan, Singapore, and Republic of Korea (South
Korea)
primary petroleum markets.
Imports: US$11.2 billion in 1990. Principal
imports
manufactured goods, machinery, transportation equipment,
food,
and live animals. Japan, United States, and Western Europe
major
sources of imports.
Currency and Exchange Rate: UAE dirham. In 1994
US$1 =
Dh3.67 (fixed rate).
Fiscal Year: Calendar year.
Data as of January 1993
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