GDP, import, export and oil bullets
Here are seven statistical factoids relating to import, export, oil and GDP :
- Dubai’s gross domestic product as of 2005 was 37 billion US dollars.
- Although Dubai’s economy was built on oil revenues, oil and natural gas now account for less than six percent of this figure.
- It is predicted that Dubai’s oil reserves will be exhausted in twenty years.
- It is estimated that Dubai produces quarter of a million barrels of oil a day, and substantial quantities of gas from offshore fields, although Dubai’s contribution only accounts for about two percent of the UAE’s gas revenues.
- The largest contributors to Dubai’s economy are trade (16%), entrepot (15%) and financial services (11%).
- Dubai’s top re-exporting countries are Iran (US$ 790 million), India (US$ 204 million) and Saudi Arabia (US$ 194 million).
- The emirate’s top importing countries are Japan (US$ 1.5 billion), China (US$ 1.4 billion) and the USA (US$ 1.4 billion).
Related posts:
- Business and economy in Dubai
- The changing economy of Dubai
- A brief history of Dubai’s economy up to 1979
- Dubai scales down growth and records its first budget deficit
- Dubai and the UAE
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