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 25^th/141 countriesin the Global Competitiveness Report 2019
• . Economic Freedom ranking* (use the Fraser Institute's ranking): 7.35% (2021), Rank 50^th/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?

Answer rating: 100% (QA)

Lets break down each of these indicators Life expectancy at birth This represents the average lifespan of individuals in the UAE A value of 7832 years in 2022 indicates relatively good healthcare and ... View the full answer