According to the UAE Economic Report 2012, the country's Gross Domestic Product (GDP) (at constant prices) reached around AED 981 Billion in 2011 at a growth rate of 4.2 per cent compared to AED 942 Billion in 2010 at a growth rate of 1.3 per cent.
Oil prices remained high (the average price per barrel was 107 US Dollars in 2011), which boosted government revenues thus stimulating investment and boosting the development of the other economic sectors; such as, alternative and renewable energy and the peaceful nuclear energy for maintaining non-renewable oil resources.
The UAE has also established its position as a major centre for trade, tourism and investment, where the trade balance achieved a surplus of 291.9 billion dirhams in 2011 representing 23.5 per cent of the GDP.
The UAE enjoys a strong economy supported by an ideal investment climate with effective economic and investment policies, based on legal and institutional structures in line with global standards, which created a positive impact on the foreign investment flows to the UAE and supported its economic orientations.
For further information, read the Annual Economic Report 2012