United Arab Emirates: Recent Economic Developments

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International Monetary Fund, Jan 7, 1999 - Business & Economics - 98 pages
This paper reviews economic developments in the United Arab Emirates during 1995–98. Real GDP growth accelerated from about 5 percent in 1994 to 8.1 percent in 1995 and to 10.1 percent in 1996. However, 1997 saw a marked slowdown in real GDP growth, to an estimated 2.1 percent, reflecting mainly a decline in oil sector GDP. Over the period 1993–96, there was strong growth in non-oil GDP averaging 9 percent per year, boosted by an exceptionally good performance in 1994 (12 percent).
 

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Contents

Basic Data
I INTRODUCTION AND SUMMARY
II REAL SECTOR
Liquid Natural Gas
Methane and LPG
III GOVERNMENT FINANCE
IV MONEY AND BANKING
V THE EXTERNAL SECTOR
VI THE EXCHANGE AND TRADE SYSTEM
APPENDIX I
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