UAE Economy VS Morroco Economy

Economy of United Arab Emirates[1]
Dubai skyline
Rank	30th
Currency	United Arab Emirates dirham (AED)
Trade organisations	OPEC and WTO
Statistics
GDP	$360 billion (2012)[2]
GDP growth	3% (2012 est.)[3]
GDP per capita	$48,158 (2012) (7th)[1]
GDP by sector	Agriculture (0.9%), industry (55.5%), services (36.6%) (2010 est.)[1]
Inflation (CPI)	1.4% (2012 est.)[4]
Population below poverty line	0%[5]
Labour force	3.705 million (2010 est.)[1]
Labour force by occupation	Agriculture (7%), industry (15%), services (78%) (2000 est.)[1]
Unemployment	4.6% (2012)[6]
Main industries	Petroleum and petrochemicals, fishing,aluminium, cement, fertilizers, commercial ship repair, construction materials, some boat building, handicrafts, textiles.[1]
Ease of Doing Business Rank	33rd[7]
External
Exports	$212.3 billion (2010 est.)[1]
Export goods	Crude oil, natural gas, reexports, dried fish,dates[1]
Main export partners	Japan 17.1%, India 13.6%, Iran 6.9%, South Korea 6.1%, Thailand 5.1% (2010)[1]
Imports	$161.4 billion (2010 est.)[1]
Import goods	Machinery and transport equipment,chemicals, food[1]
Main import partners	India 17.5%, China 14%, United States7.7%, Germany 5.6%, Japan 4.8% (2010)[1]
Gross external debt	$151.8 billion (31 December 2010 est.)[1]
Public finances
Public debt	51.2% of GDP (2010 est.)[1]
Revenues	$85.77 billion (2010 est.)[1]
Expenses	$92.15 billion (2010 est.)[1]

Economy of Morocco
Casablanca Twin Center
Rank	54th
Currency	Moroccan Dirham (MAD)
Fiscal year	Calendar year
Trade organisations	WTO, CAEU
Statistics
GDP	$164.7 billion (2011 est.) [1]
GDP growth	4.3% (2011 est.)
GDP per capita	$4,740 (2010 est.) [2]
GDP by sector	agriculture: 17.1%; industry: 31.6%; services: 51.4% (2010 est.)
Inflation (CPI)	2.5% (2010 est.)
Population below poverty line	15% (2009 est.)
Gini coefficient	40.9 (2005 est.)
Labour force	11.63 million (2010 est.)
Labour force by occupation	Agriculture: 44.6%, Industry: 19.8%, Services: 35.5% (2006)
Unemployment	8.9% (2011 est.)
Main industries	Phosphates, rock mining and processing, food processing, leather goods, textiles, construction, tourism
Ease of Doing Business Rank	94th[1]
External
Exports	$14.49 billion f.o.b. (2010 est.)
Export goods	clothing and textiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers (including phosphates), petroleum products, citrus fruits, vegetables, fish
Main export partners	Spain 22.02%, France 20.22%, India4.91%, Italy 4% (2009)
Imports	$34.19 billion f.o.b. (2010 est.)
Import goods	Crude petroleum, textile fabric, telecommunications equipment, wheat, gas and electricity, transistors, plastics.
Main import partners	France 16.95%, Spain 14.72%, China7.1%, Italy 6.76%, Germany 6.28%,United States 5.66%, Saudi Arabia5.11% (2009)
FDI stock	$42.19 billion (31 December 2010 est.)
Gross external debt	$22.69 billion (31 December 2010 est.)
Public finances
Public debt	64% of GDP (2011 est.)
Revenues	$25.69 billion
Expenses	$31.38 billion (2011 est.)
Economic aid	$706 million (2005)
Credit rating	Standard & Poor's:[2] BBB+ (Domestic) BBB- (Foreign) BBB+ (T&C Assessment) Outlook: Stable[3] Moody's:[3] Ba1 Outlook: Stable Fitch:[3] BBB- Outlook: Positive
Foreign reserves	US$23.858 billion (March 2011)[4]

These charts will give an idea and further insight of the economy in both countries.

Balance Trade 

The UAE is a country in the GCC, as we all know UAE is one of the richest countries with oil, Where Morocco’s economy is not fully dependent on oil, but has  a lot of clothing, minerals, fruits and electronics. So we will see a huge gap between the countries in terms of exporting and importing. We can see that UAE net export is around $212.3 billion (2010 est.) and import was $161.4 billion (2010 est.), so there is a surplus and small difference which shows that UAE is fully dependent on the Oil and is trying to shift to a diversified economy. Morocco accumulates $14.49 billion in exports and around $34.19 billion which shows a deficit in the balance of trade which is not a good policy to follow. The Moroccan economy must increase export trade and build more factories to increase manufacturing.
  

Economic Growth

The Gross Domestic Product (GDP) in UAE expanded 4.20 percent in 2011. Overall, from 2000 until 2011, the United Arab Emirates GDP Growth Rate averaged 4.61 Percent reaching a record high of 9.80 Percent in December of 2006 and a record low of -4.80 Percent in December of 2009. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. The United Arab Emirates has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a reflective alteration from a small desert domain to a modern state with a high standard of living.

The Gross Domestic Product (GDP) in Morocco expanded 2.30 percent in the second quarter of 2012 over the same quarter, previous year. Overall, from 1999 until 2012, Morocco GDP Growth Rate averaged 6.15 Percent reaching high of 14.20 Percent in March of 2008 and a record low of 0.50 Percent in December of 1999. Morocco is the fifth largest economy in Africa. The service sector accounts are a huge part of the GDP and mining, construction and manufacturing accumulates to 25%. The major contributors to country's growth are tourism, telecoms, and textiles. Morocco is the world's third-largest producer of phosphorus.

Low Unemployment 

Low unemployment rate is a good indicator for the economy, where it shows that the economy has a mass capacity to hire big number of employees in different sectors. UAE has a lower population and a young economy compared to Morocco with greater population a more experienced economy. UAE unemployment rate is an average of 3.04% percent in the labor force while Morocco registered an average of 9.30% of unemployment which is a huge difference but we have to take in consideration the number of population in each country.

Stable Prices

The Inflation rate in UAE reached its peak in 2008 where it was around 12%, but throughout the years of growth it was registered an average of 4% which shows stability in the prices. However in Morocco the peak was in 2008 as well with 5.20% of inflation which is good, and the average throughout the years was 1.75% which shows that there is stability in economy.