Unemployment Rate in the United Arab Emirates decreased to 2.13 percent in 2024 from 2.15 percent in 2023. This dataset provides - United Arab Emirates Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the unemployment rate in the United Arab Emirates was at 2.13 percent of the total labor force. The unemployment rate depicts the share of a country's labor force without jobs but available and actively seeking employment. The United Arab Emirates’ unemployment rate is quite low, and the region has one of lowest amounts of unemployed persons worldwide. Oil-based economyOne of the most important economic centers of Western Asia, the United Arab Emirates’ gross domestic product (GDP) amounted to around 424.64 billion U.S. dollars in 2018. The United Arab Emirates’ economy is particularly reliant on oil exports, and it holds the seventh-largest proved oil reserves. Most reserves are located in Abu Dhabi in a combination of offshore and onshore locations. UAE populationDue to the profitable nature of the petroleum industry and a relatively small population, the country has one of the highest GDP per capita rates in the world, at over 40,700 U.S. dollars in 2018. The country’s population is mostly comprised of expatriate workers, the majority of whom who have cultural backgrounds from South Asia, Egypt, and the Philippines. Most of the country’s population fall between the ages of 15 and 64 years.

The youth unemployment rate in the United Arab Emirates amounted to 6.43 percent in 2024. Between 1991 and 2024, the youth unemployment rate rose by 2.52 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.

Key information about United Arab Emirates Unemployment Rate

• United Arab Emirates Unemployment Rate dropped to 2.15% in Dec 2023, from the previously reported figure of 2.85% in Dec 2022.
• United Arab Emirates Unemployment Rate is updated yearly, available from Dec 1995 to Dec 2023, with an average rate of 2.78%.
• The data reached an all-time high of 4.60% in Dec 2011 and a record low of 1.64% in Dec 2016.
• The data is reported by reported by Ministry of Economy.
• In the latest reports, United Arab Emirates Population reached 10.68 million people in Dec 2023.