The paper "The UAE Economic Indicators Analysis " is a perfect example of a micro and macroeconomic case study. Economic indicators are economical statistical data of a macroeconomic measure, used by financial analysts to review the economic health of a state or future investment opportunities. Examples of economic indicators are the gross domestic product, Gross National Income, total imports and exports, Consumer Price Index (CPI). Economic indicators are vital information in scaling the movements of an economy. There are three categories of economic indicators. 1. Leading indicators that predict the expected direction of the economy. 2.
Coincident indicators include the employment level and GDP of a specified economy. 3. Lagging indicators i. e. the GNP, unemployment rates the CPI, and interest rates, only specified after economic activities occur. Economic indicators are computed variables with a specified schedule release date and month year, allowing interested parties to plan and strategize. Important to combine economic indicators when analyzing the performance of a state so as to glimpse into the style and pattern flows within multiple data set. In this report, we provide a comprehensive insight into the economic performance of the UAE.
With economic indicators being the key focus. The analysis involves GDP Gross Domestic Product, Total exports and General average wages. MAIN ECONOMIC INDICATORS Gross Domestic Product is the total value of goods and services produced within a specified period (usually 1 year). Also can be calculated quarterly. The gross domestic product includes all privates’ final consumption and government final consumption. Formulae for GDP GDP = C+G+I+NX Where C=private consumption G = public spending I = sum of country investments NX=Nations total net exports calculated at (T. E-T. I) =NX. Important in evaluating the standard of people living within the UAE.
The formulae to compute GDP is universal within the world’ s economy. Therefore, used to compare the economic variables of different nations with a high level of accuracy.
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