Analysis of Indicators of the United Arab Emirates (UAE) Economy (An empirical study 2004- 2012)

The study aimed to analyzing the indicators of the UAE economy for the period of (2004- 2012) to determine the effect of financial crisis of 2008 on this economy. The study used some macroeconomic indicators (economic, monetary, financial, foreign trade and balance of payments indicators) related to UAE economy from 2004-2012 to interpret condition of UAE economy after dividing the study period to three phase (stage); before crisis (2004-2006), during crisis (2007-2009) and after crisis (2010-2012). The study found that most of indicators have changed significantly in the years of the financial crisis (2007-2009) compared to other two periods. For instants, GDP growth, personal consumption expenditure index, industrial production index, budget balance as share to GDP, public debt ratio to GDP, current account balance and foreign direct investment were decreased significantly in (2007-2009) compare to their values in other two period stages of the study. To face these financial crises, the study submits to review the structure of the UAE economy and continue diversify the sources of state revenues. In addition to design and formulate appropriate economic policies, especially trade, financial and monetary policies.