2000e

2001f

2002f

2003f

Nominal GDP (US$mn)

60,746

58,924

56,272

62,315

Population (millions0

3.0

3.2

3.0

3.4

GDP per capital (US$)

19,550

18,964

18,367

18,115

Nominal GDP growth (%p.a.)

17.1

-3.0

-4.5

10.7

Oil sector growth (%p.a.)

40.0

-10.0

-5.0

4.0

Non- oil sector growth (%p.a.)

3.9

5.0

2.7

5.0

Fiscal balance: Consolidated Account(%of GDP)

-11.55

-11.76

-9.40

-9.10

Cost of living index (% annual average)

4.0

2.3

2.5

3.0

Exchange rate (AED/US$, end period)

3.67

3.67

3.67

3.67

Exchange rate (AED/US$, annual average)

3.67

3.67

3.67

3.67

Merchandise exports (US$bn)

43.29

38.57

38.54

39.70

Merchandise imports (US$bn)

31.93

34.20

35.90

37.20

Trade balance (US$bn)

11.37

4.37

2.64

2.50

Current account balance (US$bn)

9.19

5.52

4.06

4.44

Current account balance (% of GDP)

15.13

9.38

7.21

7.13

For- ex reserves (US$bn, end period)

13.30

13.60

14.00

9.30

Total external debt (US$bn)

16.0

16.0

16.5

16

Total external debt/GDP (%)

27.2

27.0

27.2

25.7

Total external debt/exports (%)

6.2

5.7

5.9

5.0

Debt service ratio (%)

6.2

5.7

5.9

5.0

Oil Production (mn b/d)

2.23

2.2

2.4

2.4

Oil Export Revenue (US$bn)

19.09

14.50

13.80

14.90

Oil Price (opec baskot, (US$/b)

27.60

24.00

18.00

20.00

Oil price (Dubai, US$/b, ave)

25.21

22.02

17.20

18.50