“لا إله إلا الله، محمد رسول الله”
|Category: Iron Fist Consumerists|
Regional Influence: Squire
The economy of the Diadochi is the largest in the Middle East, with a nominal gross domestic product (GDP) of $1.575 billion in 2018. Diadochi has an oil-based economy with strong government controls over major economic activities in energy policy. It possesses an estimated 35% of the world's petroleum reserves, with 490,999 proven reserves. It ranks as the largest exporter in the world of petroleum, and plays a leading role in OPEC. The petroleum sector accounts for roughly 87% of budget revenues, 42% of GDP, and 90% of export earnings. The Diadochi economy is one of the most open worldwide, and its history of economic history goes back to the times when ships sailed to India, along the Swahili coast as far south as Mozambique.
International Monetary Fund (IMF) expected UED's economic growth to increase to 4.5% in 2015, compared to 4.3% in 2014. The IMF ascribed UED's potentially strong economic growth in World Economic Outlook Report to the increased contribution of non-petroleum sectors, which registered a growth average of more than 6% in 2014 and 2015. Such contribution includes banking, tourism, commerce and real estate. Increase of Emirati purchasing power and governmental expenditures in infrastructure projects have considerably increased.
Diversification of the economy has been the most important aspect of the government policy Vision 2020, established in 2010, which aimed to establish the Emirates as one of the top economies in the world, and improve all aspects of economic freedoms and social policy in the Kingdom.
- Natural Gas
- Dried Fish
- Machinery and transport equipment
- Motor vehicles