External balance on goods and services in United Arab Emirates
United Arab Emirates: External balance on goods and services was 104.21 billion constant LCU in 2023. ▼ Falling
External balance on goods and services in United Arab Emirates, 2010–2023
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
In 2023, external balance on goods and services in United Arab Emirates stood at 104.21 billion constant LCU. That is the lowest value across all 14 years on record.
Compared with earlier readings it is down 41.6% on the previous year and down 69.6% over ten years.
Over the whole period, external balance on goods and services in United Arab Emirates peaked at 455.09 billion constant LCU in 2016 and was at its lowest, 104.21 billion constant LCU, in 2023.
That places United Arab Emirates 20th out of 161 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 14 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 351.85 billion constant LCU | 219.31 billion constant LCU | 455.09 billion constant LCU | 10 |
| 2020s | 256.87 billion constant LCU | 104.21 billion constant LCU | 386.67 billion constant LCU | 4 |
Countries ranked near United Arab Emirates
More economy & growth data for United Arab Emirates
- DEC alternative conversion factor 3.67 LCU per US$ (2024)
- Net secondary income (Net current transfers from abroad) -246.30 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -67.07 billion current US$ (2024)
- Net primary income (Net income from abroad) 58.80 billion current LCU (2024)
- Net primary income (Net income from abroad) 16.01 billion current US$ (2024)
- GNI per capita 189,982 current LCU (2024)
- GNI per capita, Atlas method 51,550 current US$ (2024)
- GNI 2.09 trillion current LCU (2024)
- GNI 568.34 billion current US$ (2024)
- GNI, Atlas method 566.40 billion current US$ (2024)
Frequently asked questions
- What is external balance on goods and services in United Arab Emirates?
- External balance on goods and services in United Arab Emirates was 104.21 billion constant LCU in 2023, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in United Arab Emirates?
- The highest recorded value was 455.09 billion constant LCU in 2016.
- What is the lowest external balance on goods and services recorded in United Arab Emirates?
- The lowest recorded value was 104.21 billion constant LCU in 2023.
- How does United Arab Emirates rank for external balance on goods and services?
- United Arab Emirates ranks 20th out of 161 countries with data for 2023.
- Is external balance on goods and services rising or falling in United Arab Emirates?
- Over the last ten years it is down 69.6%. The long-run trend across the full record is falling.
- Where does this United Arab Emirates data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.