United Arab Emirates : 2002 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the United Arab Emirates

Author/Editor:

International Monetary Fund

Publication Date:

March 12, 2003

Electronic Access:

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Summary:

This 2002 Article IV Consultation highlights that despite lower oil revenue, the United Arab Emirates economy performed relatively well in 2001. The external current account surplus remained large, even though average oil prices declined by 12.6 percent to US$23.78 per barrel, leading to a loss in oil export receipts equivalent to 5 percent of GDP. Real GDP grew by about 4 percent, as a number of projects were launched in construction, electricity and water, and downstream oil sectors.

Series:

Country Report No. 03/66

Subject:

English

Publication Date:

March 12, 2003

ISBN/ISSN:

9781451801101/1934-7685

Stock No:

1AREEA0022003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

46

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