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Features Of The Economy - Coggle Diagram
Features Of The Economy
Pre-Oil Industry
Fishing
The sea played a major role in bringing money to the Trucial States, especially in the fishing industry. It kept people fed and wealthy for decades. In recent years, the UAE receives $490 million from the fishing industry
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Pearl Diving
It raked in millions and was the main industry of all Trucial States for decades until its decline in the 1920s
GDP
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Expo 2020
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Jobs
The Expo 2020 is prepared to create 277,000 new jobs
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Post-Oil Industry
Crude Oil
The UAE receives at least 43% of its GDP from crude oil and petroleum. It was a major reason for kickstarting the creation of the UAE itself and some of the biggest oil companies in the world
Real Estate
According to the 2013-2014 Global Competitiveness Report, the UAE ranked fourth worldwide in terms of infrastructure quality
The contribution of tourism in the Emirati GDP increased from 3% in the mid-1990s to more than 16.5% by the end of 2010
Tourism
The total contribution of the travel and tourism sector to the UAE's GDP was $43.3 billion, which is 21.1% of the GDP
Retail
UAE's retail market was valued at $55 billion in 2019 and is projected to grow to $75 billion by 2025
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