United Arab Emirates: Price level index (GDP)

Key figures

What the numbers say

In 2024, United Arab Emirates' price level index (GDP) fell 0.53 on 2023 (from 63.9 to 63.36).

Across the 30 yearly changes before that (1994 to 2023), the average change was +1.16 and a typical year strayed about 3.44 from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 8.04 in 2010 and the biggest yearly fall was 8.31 in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 21% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, United Arab Emirates had the 8th highest value of the 10 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to United Arab Emirates in the 2024 ranking

• Faroe Islands — 5th of 10: 90.36
• Aruba — 6th of 10: 74.63
• Curaçao — 7th of 10: 69.74
• Lebanon — 9th of 10: 37.54
• Afghanistan — 10th of 10: 18.64

What this measures

The price level index (PLI) is the ratio of a purchasing power parity (PPP) conversion factor to the corresponding market exchange rate between two countries, expressed relative to a base country that is set equal to 100. For this series the base country is the United States. It provides a measure of the differences in price level between the country and the United States by indicating the number of units of the common currency (US dollars) needed to buy the same volume of the aggregation level in each country. At the level of GDP, the price level ratio provides a measure of the differences in the general price levels of countries.

Limitations: Global PPP estimates underlying this indicator are produced by the ICP Global Office and regional implementing agencies, based on data supplied by the national implementing agencies in the participating economies, and in accordance with the methodology recommended by the ICP Technical Advisory Group and approved by the ICP Governing Board. As such, these results are not produced by participating economies as part of their national official statistics. Price level index are not recommended to use as a precise measure to establish strict rankings of countries.

Regional and income-group figures are computed by the World Bank as a no aggregation provided for this indicator in wdi..

All 35 values

Price level index (GDP) in nearby economies

• Afghanistan — 18.64 (2024)
• Algeria — 32.56 (2025)
• Bahrain — 43.1 (2025)
• Djibouti — 46.21 (2025)
• Egypt, Arab Rep. — 15.27 (2025)
• Iran, Islamic Rep. — 19.92 (2025)
• Iraq — 37.92 (2025)
• Israel — 101.04 (2025)
• Jordan — 42.34 (2025)
• Kuwait — 57.22 (2025)
• Lebanon — 37.54 (2024)
• Libya — 39.03 (2025)

More economic policy & debt data for United Arab Emirates

• Foreign direct investment, net inflows (BoP, current US$) — US$48.24 billion (2025)
• Foreign direct investment, net inflows (% of GDP) — 8.26% (2024)
• GDP (current US$) — US$552.33 billion (2024)
• GDP (current LCU) — 2.03 trillion (2024)
• GDP (constant 2015 US$) — US$457.09 billion (2024)
• GDP (constant LCU) — 1.78 trillion (2024)
• GDP per capita (current US$) — US$50,274 (2024)
• GDP per capita (current LCU) — 184,629 (2024)
• GDP per capita (constant 2015 US$) — US$41,605 (2024)
• GDP per capita (constant LCU)

Reading data like this

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Questions people ask

What is United Arab Emirates's price level index (GDP)?

63.36 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 109.83% from 30.2 in 1990 (2.2% a year on average, compounded). The highest value was 67.63 in 2022 and the lowest 27.58 in 1998.

How does United Arab Emirates rank?

8th highest of 10 economies with data for 2024.

Is the latest change in price level index (GDP) unusual for United Arab Emirates?

In 2024, United Arab Emirates' price level index (GDP) fell 0.53 on 2023 (from 63.9 to 63.36). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.16 and a typical year strayed about 3.44 from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator PA.NUS.GDP.PLI, licensed CC BY 4.0. Original source: World Development Indicators, World Bank (WB), uri: https://databank.worldbank.org/source/world-development-indicators, publisher: World Development Indicators Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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