About OFID

About

 

Home   Search   Print

OFID Member Countries

Official country name: United Arab Emirates
National capital: Abu Dhabi
Location: In the east of the Arabian peninsula, bordering Saudi Arabia to the west and south, and Oman to the east.
Area: 84 million km2


Natural resources: petroleum, natural gas
National currency: U.A. Emirates dirham (VADH)
Principal exports: Crude petroleum, natural gas, re-exports (mainly machinery and transport equipment)
Principal imports: Machinery and transport equipment, chemicals, foodstuffs
   
Year: 2009
Population: 4.52 million (2008)
Average annual population growth rate 2008-15: 2.1%
Adult literacy rate: 90% (2007)
Life expectancy at birth (total years, 2007): 77.3
GDP growth (annual %): -0.6% (2009)
GDP current: US$260.14 billion (2008)
GDP per capita: US$57,603 (2008)
   
Structure of Output
(in % total GDP) 2008
 
Agriculture, value added
(% of GDP):
2%
Industry, value added
(% of GDP):
61%
Manufacturing: 12%
Services, value added
(% of GDP):
38%
   
Exports of goods & services: US$119.61 billion (2009)
Imports of goods & services: US$157.85 billion (2009)
Current account balance
(% of GDP):
2.7% (2009)
Inflation (annual %): 1%
Exchange rate: Dirhams per US$ 2009: 3.675
   
OFID Ministerial Council Members: HH Sheikh Hamdan Bin Rashid Al-Maktoum, Minister of Finance and Industry; Ministry of Finance and Industry;
HE Obaid H. Al-Tayer, Minister of State for Finance, Ministry of Finance
OFID Governing Board Representative: HE Mr. Jamal Nassar Lootah, Chairman of the Governing Board, OFID
OFID Governing Board Alternate: Mr. Mohamed Abdulbaki Mohamed, Director-General, Emirates Industrial Bank