Part Two: Economics

Chris Monsour

Chuck Stull

Economics of Global Travelers

11 April 2014


1. GDP: The GDP of the United Arab Emirates as of 2013 is $319 million. (The World Factbook)
2. GDP Per Capita: The GDP Per Capita of the United Arab Emirates as of 2013 is $29,900.         (The World Factbook)
3. Life Expectancy: 77.09 years (The World Factbook)
4. Poverty Rate: 19.5%
5. Literacy Rate: 90% of total population.
6. Unemployment Rate: 4.2%
7. Inflation: 1.3% as of 2013 (The World Factbook)

1. Natural Resources:
-Climate: Desert climate with extreme humidity in coastal regions. It is often cooler in the eastern mountains.
-Natural Resources: Petroleum and Natural Gas.
-Agricultural Land: Approximately 160,000 hectares. Obstacles to agriculture include locus swarms, lack of arable land, limited water supplies, and intense heat.
-Rainfall: In some cities, rainfall is less than an inch per year. In the mountains, rainfall can surpass 13 inches.
-Major Rivers: The UAE has no permanent rivers, however the desert area of Abu Dhabi includes two important oases with adequate underground water for settlements and cultivation. The Persian Gulf is also to the North the UAE.

2. Labor:
-Size of Labor Force: 4.588 million
-Education System: Public education system is free for boys and girls. The UAE has one of the lowest student to teacher ratios in the world. Literacy between the ages of 15-24 is nearly 100%.

3. Capital
-Industry and Technology: Petroleum, petrochemicals, fishing, aluminum, cement, fertilizers, commercial ship repair, construction materials, boat building, handicrafts, and textiles.
-Infrastructure: Infrastructure in the UAE is extremely well developed. This happened due to a period of rapid progress that saw the construction of residential infrastructure, tourism and tourist attractions, and industrial and commercial facilities on massive scales, radically altering the urban environment in the UAE.