Foreign Trade: The economy of the UAE . Life expectancy at birth*: 78.32 years in2022 (0.18% increase
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Foreign Trade: The economy of the UAE
- . Life expectancy at birth*:78.32 years in2022 (0.18% increase from 2021)
- . Infant mortality rate*: 4.936 deaths per 1000 live births in 2022 (2.85% decline from 2021)
- . hospital bed density*:1.4 beds/1,000 population (2017)
- . population growth rate*: 0.81% increase from 2021
- . population below the poverty line*:The country's economy is heavily reliant on migrant workers, who make up88% of the populationand are poorly paid. The poverty rate, defined as a daily income of less than 80 dirhams ($22) is 19.5%
- . Ease of doing business ranking* (use the World Bank's ranking):94.8: United Arab Emirates (Rank: 17)
- . Corruption ranking* (use Transparency International's ranking): Rank.27/180. score. 67/100 (2022)
- . Competitiveness ranking* (use the World Economic Forum's ranking):The UAE was rankedfirst in the Arab region and 25th/141 countriesin the Global Competitiveness Report 2019
- . Economic Freedom ranking* (use the Fraser Institute's ranking): 7.35% (2021), Rank 50th/165 countries
- . GDP per capita (PPP)*:74,299 U.S. dollars.
- . GDP growth rate*:The UAE's GDP in 2022 at constant prices totaled AED1.62 trillion, achieving a positive growth of 7.9 percent.
- . unemployment rate*: 2.75%
- . inflation rate*: 4.8%
- . purchasing power parity exchange rate*: 2.2 LCU per international dollars.
- . value of imports*:424.53 billion U.S. dollars
- . value of exports*:598.51 billion U.S. dollars
For all of these numbers, can you explain: what do they mean? are they good or bad?, give reasons why?
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