Unemployment rate in the United Arab Emirates 2023

In 2023, the unemployment rate in the United Arab Emirates was at 2.71 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 economy

One 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 population

Due 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.