Finance of United Arab Emirates
The minimum monthly wage in United Arab Emirates is not regulated by the government. United Arab Emirates has a government debt of 43.3% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in United Arab Emirates is 1.3%. The currency of United Arab Emirates is United Arab Emirates dirham. The plural form of the word United Arab Emirates dirham is dirhams. The symbol used for this currency is د.إ, and it is abbreviated as AED. The United Arab Emirates dirham is divided into fils; there are 100 in one dirham. Each year, consumers spend around $200,387 million. The ratio of consumer spending to GDP in United Arab Emirates is 0.05%, and the ratio of consumer spending to the world consumer market is 47%. The corporate tax in United Arab Emirates is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in United Arab Emirates is 0%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in United Arab Emirates is $617,138 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in United Arab Emirates was last recorded at $64,678,569. PPP in United Arab Emirates is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in United Arab Emirates is 402,340 billion. Based on this statistic, United Arab Emirates is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in United Arab Emirates. The Gross Domestic Product (GDP) per capita in United Arab Emirates was last recorded at $42,166,866. The average citizen in United Arab Emirates has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in United Arab Emirates averaged 4.3% in 2014. According to this percentage, United Arab Emirates is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.