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UAE's current account up to AED101bln in 2017
(MENAFN) With an increase of 108% year-on-year, the Central Bank of the United Arab Emirates reported a growth in the state's current account to AED 101 billion in 2017.
Economic growth in the UAE alongside the recovery in oil prices have contributed to the country's trade surplus, as shown by the data of the central bank.
Emirati exports grew by 25.1% or around AED 32.9 billion, while imports went up by AED 22.3 billion, leading to a high trade balance surplus that reached 21.4% of the total GDP.
Economic growth in the UAE alongside the recovery in oil prices have contributed to the country's trade surplus, as shown by the data of the central bank.
Emirati exports grew by 25.1% or around AED 32.9 billion, while imports went up by AED 22.3 billion, leading to a high trade balance surplus that reached 21.4% of the total GDP.
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