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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
UAEUAE Current Account Balance (% of GDP) climbed to 14.48 Percent in December 2024
World BankYearlyReleased December 2024
UAE Current Account Balance (% of GDP) climbed to 14.48 Percent in December 2024, up 1.35 Percent from November's 13.13 Percent reading.
Latest Release
14.479300
Actual
—
Consensus
13.129582
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Current Account Balance (% of GDP) (UAE) was reported at 14.48 Percent in December 2024. The reading rose from the previous value of 13.13 Percent. This is classified as a high-impact indicator released on a yearly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Current Account Balance (% of GDP) - AE
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About Current Account Balance (% of GDP) — UAE
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection.
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