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FEDERATION OF EURO-ASIAN STOCK EXCHANGES SEMI ANNUAL REPORT OCTOBER 2005
ABU DHABI SECURITIES MARKET
UAE GDP/EMPLOYMENT BY SECTOR OF ORIGIN
Sector % GDP % Employment
Agriculture 3.0 7.6
Industry 52.0 41.8
Services 45.0 50.7
UAE MONEY SUPPLY, INTEREST RATES AND
FOREIGN EXCHANGE RESERVES
1998 1999 2000 2001 2002
Money Supply M1 (dirhams-billions) 28 30 34 39 47
Money Supply M2 (dirhams-billions) 99 110 127 156 174
Growth Rate M1 9.5% 8.9% 12.6% 15.8% 19.2%
Growth Rate M2 4.2% 115.0% 15.3% 23.2% 11.0%
Interest Rates
deposit rate 4.8% 4.6% E 4.4% E 4.0% E 7.74% E
lending rate 7.9% 7.5% E 7.5% E 7.5% E 14.5% E
Foreign Exchange Reserves (US$ millions) 9,077 10,675 13,523 14,146 15,219
Exchange Rate Period Average (dirhams/US$) 3.6725 3.6725 3.6725 3.6725 3.6725
Annual % Growth 0.04 0.00 0.00 0.00 0.00
E: Estimate * Economic Overview, Country Watch Incorporated, 2005
UAE EXPORTS, IMPORTS AND TRADE BALANCE
(US$ Millions)
1999 2000 2001 2002 2003
Exports 36.5 49.6 47.5 51.2 60.8
Of which: Crude oil 13.6 21.7 17.6 16.7 22.1
Imports, f.o.b. -27.9 -30.8 -33.5 -36.7 -41.7
Current account balance 0.9 12.2 6.5 3.5 6.9
In percent of GDP 1.6 17.3 9.4 4.9 8.5
Central bank reserves 10.9 13.8 14.3 15.3 15.1
In months of imports of goods and services 4.3 4.9 4.7 4.4 4.1
Total external debt 18.8 18.2 19.4 16.7 16.6
In percent of GDP 34 26 27.9 23.3 20.7
* IMF 2004 Article IV Consultation with UAE
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