UAE vs South Africa

UAE vs South Africa

 

Unemployment rate:

The unemployment rate in the United Arab Emirates was last reported at 4.6 % in 2011. Historically, from 1985 until 2011, the United Arab Emirates Unemployment Rate averaged 3.04 Percent reaching an all time high of 4.60 Percent in December of 2011 and a record low of 1.15 Percent in December of 1985. The unemployment rate in South Africa was last reported at 25.5 percent 2012. Historically, from 2000 until 2012, South Africa Unemployment Rate averaged 25.5 Percent reaching an all time high of 31.2 Percent in March of 2003 and a record low of 21.9 Percent in December of 2008. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for South Africa Unemployment Rate.



 Stable prices

United Arab Emirates increased to 116.86 Index Points in August of 2012 from 116.47 Index Points in July of 2012, according to a report released by the National Bureau of Statistics, Uae. Historically, from 2008 until 2012, the United Arab Emirates Consumer Price Index (CPI) averaged 114.65 Index Points reaching an all time high of 116.91 Index Points in January of 2012 and a record low of 107.75 Index Points in January of 2008. In the United Arab Emirates, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.

Consumer Price Index of South Africa increased to 124.20 Index Points in August of 2012 from 123.90 Index Points in July of 2012, according to a report released by the Statistics South Africa. Historically, from 1960 until 2012, South Africa Consumer Price Index (CPI) averaged 33.54 Index Points reaching an all time high of 124.20 Index Points in August of 2012 and a record low of 1.89 Index Points in February of 1960.


Economic growth

GDP of UAE expanded 4.20 percent in 2011. Historically, from 2000 until 2011, the United Arab Emirates GDP Growth Rate averaged 4.63 Percent reaching an all time high of 9.80 Percent in December of 2006 and a record low of -4.80 Percent in December of 2009.the UAE 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 50 years ago, the UAE has transfermed from a small desert principalities to a modern state with a high standard of living.

cmparing UAE to south Africa , the GDP of South Africa expanded 3.20 percent in the second quarter of 2012 over the previous quarter. Historically, from 1993 until 2012, South Africa GDP Growth Rate averaged 3.26 Percent reaching an all time high of 7.60 Percent in December of 1994 and a record low of -6.30 Percent in March of 2009. South Africa has a two-tiered economy; one rivaling other developed countries and the other with only the most basic infrastructure.The primary sector, based on manufacturing, services, mining, and agriculture, is well developed.



 Balance of trade

The United Arab Emirates reported a balance of trade surplus of 292 Billion AED in 2011. Historically, from 2000 until 2011, the United Arab Emirates Balance of Trade averaged a surplus equivalent to 144190.58 Million AED reaching the best surplus at 291951.00 Million AED in December of 2011 and the worst surplus at 42160.00 Million AED in December of 2001. Although The United Arab Emirates is becoming less dependent on natural resources as a source of revenue, petroleum and natural gas exports still play an important role in the economy. The country imports mostly machinery and transport equipment, chemicals and food. Its main trading partners are: Japan, China, European Union and India. This page includes a chart with historical data for the United Arab Emirates Balance of Trade


South Africa has a trade deficit of 12.80 Billion ZAR in September of 2012. Historically, from 1990 until 2012, South Africa Balance of Trade averaged -0.42 Billion ZAR reaching an all time high of 10.33 Billion ZAR in December of 2010 and a record low of -17.38 Billion ZAR in January of 2009. South Africa is rich in mineral resources. It is the world's major exporter of gold, platinum, coal and diamonds. South Africa imports mainly machinery, foodstuffs, equipment, chemicals, petroleum products and scientific instruments. Its major trading partners are: European Union (U.K. Germany, Italy, Belgium), The United States, China, and Japan.

 

 

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