Uae consumer spending 2019 71%. This also includes the value of commodities provided to the household as gifts, commodities that consumed during the Jan 31, 2022 · Dubai, United Arab Emirates: The UAE retail economy continues to show robust signs of recovery, surpassing 2019 levels by achieving a 4. 8% in 2021, surpassing pre-pandemic levels from 2019 . Sep 26, 2024 · Revenue of the e-commerce industry in the U. While consumer spending is still sluggish in the wake of the coronavirus pandemic, 64% of respondents said they are making more online purchases Mar 17, 2023 · The UAE recorded its strongest GDP growth since 2006, actualising to 7. Government payments lead the eCommerce landscape by far,. Aug 31, 2020 · UAE consumer spending continues to grow for third straight month August 31, 2020 823 823 Feb 20, 2023 · The United Arab Emirates is no different. 2%. Change Summary: May 2019 to May 2020 Key Points Between May 2019 and May 2020, the UAE’s All items CPI decreased by -2. Within the Food and beverages division, the Fish and seafood class recorded the largest monthly increase of 12. 72B, a 12. 5% y-o-y. 59bn in 2025. Jan 31, 2022 · Dubai: UAE’s retail economy is showing strong signs of recovery with overall consumer spending in 2021 surpassing pre-COVID-19 levels. UAE’s retail economy is showing ‘positive signs of recovery’ as consumer spending in Q3 exceeds 2019 levels, according to a new report by Majid Al Futtaim UAE consumer spending for 2019 was $163. The UAE’s pace of growth continues to pick up after gross domestic product (GDP) rose by 3. Oct 1, 2018 · The UAE government also significantly raised its spending on public services to 10. The consumer spending per capita on food and non-alcoholic beverages in the United Arab Aug 31, 2020 · Abu Dhabi / WAM In a sign that bodes well for an eventual market recovery after the coronavirus, consumer spending in the UAE continues to increase for the third straight month, jumping 63 percent in August as compared to March, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA). 38 AED Million in 2019. 11. economic health of the UAE, with tourism and consumer spending continuing to make an important contribution to overall growth. 8% y-o-y, up from the 3. Within the Food and beverages group, the Mineral water, soft drinks & juices subgroup recorded the largest monthly increase of 1. S. May 20, 2020 · Criteo (NASDAQ: CRTO), the global technology company powering the world's marketers with trusted and impactful advertising, has released new research on online consumer spending in the UAE during the month of Ramadan. 5% growth in overall consumer spending in 2021, according to Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia. Inflation will trend downwards over the year, mainly due to lower fuel prices. Within the Food and beverages division, the Fruits class recorded the largest monthly increase of 3. Dubai, United Arab Emirates, 7 March 20213: Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, released today its ‘State of the UAE Retail Economy’ Q4 report, which revealed that overall consumer spending was up 19% in 2022 compared to the previous year. 8 billion worth of spending during the same year, followed by transport ($16. 2023 at 56. Discover all Households and NPISHs Final consumption expenditure per capita growth (annual %) - United Arab Emirates from The World Bank: Data Nov 8, 2022 · Majid Al Futtaim POS (point of sales) data shows overall consumer spending was up 20 per cent from January-September 2022 compared to the same period a year ago and retail economy growth was The total consumer spending in the United Arab Emirates is forecast to amount to US$226. 9%. (POS) data, e-commerce consumer spending in the UAE retail economy Jul 19, 2020 · The United Arab Emirates is an Arabian country located in the mi ddle east. The division with the largest annual decrease was Recreation and culture with -9. [Online]. This growth underlines the robust state of the UAE’s non-oil sector, indicating Dubai, United Arab Emirates, 31 January 2022: The UAE retail economy continues to show robust signs of recovery, surpassing 2019 levels by achieving a 4. UAE consumer spending for 2019 was $163. although its effect on consumer spending habits remains to be Oct 2, 2024 · The carbonated drinks spending segment has shown resilience in the UAE despite the introduction of an excise tax on sugar sweetened products from December 1 2019. 23% Housing was identified as the top spending category for UAE consumers with $75. The growth will largely be due to elevated domestic fuel prices, rising rental prices and strong demand-side pressures in 2022, that led to the tightening of monetary policy and lower real household spending growth. 8% in 2021, surpassing pre-pandemic levels from 2019 State of the UAE Retail Economy report key findings: • Online retail spending tripled in the first quarter compared with the first three months of 2019 Apr 4, 2024 · Supported by the UAE’s Digital Economy Strategy which aims to double the contribution of the digital economy to GDP by 2032, and owing to world-class logistics and advanced digital infrastructure, there was a 15% increase in e-commerce consumer spending in the UAE retail economy in 2023, according to Majid Al Futtaim Point of Sales (POS) data. 60%. Apr 8, 2024 · UAE consumer spending rises 13% in 2023, reveals retail report. While consumer spending is still sluggish in the wake of the coronavirus pandemic, 64% of respondents said they are making more online purchases 4 The UAE eCommerce Landscape: une 2019 The UAE eCommerce market is on an upward trajectory. 2019-2029; the United Arab Emirates (UAE) is no exception. The country was founded in 1971 as a federation of six emirates, but currently, there are seven unified emirates. Food and non-alcoholic beverages was the second-largest category with $24. 7 billion recorded for 2016, accounting for 41% of total consumer expenditure during the year. Mar 17, 2023 · Overall spending by UAE consumers was up 19 per cent in 2022 compared to the previous year. 3% increase from 2018. 20 AED Million in 2020 from 569166. Real household spending in the United Arab Emirates is expected to grow by 4. in the UAE 2014-2029. Consumer Spending Cash spent on buying commodities and services used for the purposes of life, and the value of commodities and services received by the household from the employer and allocated for household's consumption. Its unique growth path, compared to both emerging and mature economies, is led by government adoption of eCommerce payments on platforms such as Dubai Smart City. 2 • The Central Bank of the UAE has projected inflation of 5. Spending in this area peaked in Q4 2022 and grew by 20% for the full year compared to 2021, with three-quarters of consumers saying that digital payment methods are the preferred option, according to Majid Al Futtaim POS data. Interest rate cuts are expected in December 2024 and throughout 2025 which will provide tailwinds to consumer spending, particularly through credit. 86B, a 11. Apr 5, 2024 · Moreover, the report added that the country has similarly experienced a surge in e-commerce, as it doubled since 2019, from 5% to 12% in 2023, with approximately 70% of transactions attributed to mobile phones. In 2023, e-commerce consumer spending in the UAE’s retail sector grew by 15% The Innovation By Design Summit is in Doha on April 24. But despite this, the UAE economy ended 2022 solidly and signs suggest this growth will continue, but might slow in A Perspective Based On Q4 2022 And Full-Year Market Data And Consumer Behaviour 6. 6 billion U. Real per capita consumer spending in the United Arab Emirates 2014-2029 Jun 1, 2022 · We believe that rising consumer price inflation is a key risk to consumer spending over 2022, as it has the potential to erode purchasing power and shift spending away from discretionary spending. 0% in 2023, the same rate as in 2022. 2% in 2022 as the vaccine rollout in the country drive more economic activity, Fitch Solutions reported. $6bn in 2022 from $2. 4 per cent less per visit. 32%. Abu Dhabi and Dubai are home to the highest number of households in the Middle East who earn more than $250,000 (Dh917,500) per annum. Majid Al Futtaim report reveals retail sector's robust growth during the year . 9%; Increases in consumer spending were noted in the retail (13%) and non-retail economy (29%) E-commerce sales are on a strong upward trajectory, more than doubling to USD 6 billion in 2022 from USD 2. UAE consumer spending rose 13% year-on-year in 2023, propelled by a 14% increase in retail spending and a 12% increase in non-retail spending. Consumer Spending in the United Arab Emirates decreased to 483057. 6bn in 2019 that this optimism is evidenced by a peak in absolute consumer May 20, 2020 · Criteo (NASDAQ: CRTO), the global technology company powering the world's marketers with trusted and impactful advertising, has released new research on online consumer spending in the UAE during the month of Ramadan. 6% this year15 –lower than IMF global forecasts of 8. 41% increase from 2017. 9pts vs 2022). Apr 10, 2024 · MAYS IBRAHIM AND KHALED AL KHAWALDEH (ABU DHABI) Despite recent geopolitical tensions and economic challenges, the UAE economy has demonstrated resilience in 2023 with its GDP expanding by 3 percent, propelled by the strong performance of non-oil sectors, according to the annual 'State of the UAE Retail Economy' report for 2023, issued by Majid Al Futtaim, a leading shopping mall, communities Apr 4, 2024 · E-commerce penetration in the UAE has more than doubled since 2019, rising from 5 per cent in 2019 to 12 per cent in 2023. 86%. 89%. Change Summary: April 2019 to April 2020 Key Points Between April 2019 and April 2020, the UAE’s All items CPI decreased by -1. Dec 22, 2023 · The UAE will see higher consumer spending next year and continue to attract a significant influx of visitors from Europe, according to a new report by the Mastercard Economics Institute (MEI). Jan 2, 2023 · Since September 2022, consumers in the UAE have increased their grocery shopping trips by 28 per cent compared to September 2019 but spent 21. dollars) Premium Statistic Penetration rate of online food delivery in the UAE 2019-2028 Aug 9, 2024 · After recording negative consumer price inflation in 2019 and 2020, the UAE saw a marginal increase in consume price inflation in 2021. This has been supported by record levels of merchant signups, reflecting our continued efforts to enhance our sales strategies, improve merchant on-boarding and Mar 31, 2025 · Find the most up-to-date statistics and facts on the tourism industry of the United Arab Emirates. Spending has remained high since 2019 and this ongoing financial strain is leading consumers to change the way they shop. 2 billion dirhams budgeted for 2018. This has been especially true in the first quarter, when retail spending came in 14% higher than the same period in 2019, Majid Al Futtaim’s POS data shows spend by both UAE residents and visitors Mar 17, 2023 · Analysis suggests that the UAE has the world’s fastest-growing e-commerce market, with sales forecast to reach USD 9. Hoteliers were among the top beneficiaries, as spending rose 29 Aug 8, 2022 · Spending increased on food and beverages (15%), hotels (14%) and pharmacy and health (14%). Real consumer spending across the emirates is forecast to grow by 5% year over year in 2024, while Saudi Arabia and Egypt will see growth of 4. 6 percent on the 8. Our forecast for a slight aceleration in growth in consumer spending in the UAE in 2024 is in line with our Country Risk team’s forecast that the economy will expand by a real rate of 3. UAE consumer spending for 2018 was $161. 3 billion dirhams in 2019, up 25. 7 billion). 2 billion by 2026. State of the UAE Retail Economy report key :findings Dec 21, 2023 · UAE consumers likely to spend 5% more in 2024: Mastercard In 2023, the GCC is estimated to have registered a 22 per cent increase in inbound tourist spending compared to 2019, 26 percentage Nov 6, 2024 · The ad spending in the advertising market in the United Arab Emirates was forecast to continuously increase between 2024 and 2030 by in total 0. Final consumption expenditure (% of GDP) - United Arab Emirates from The World Bank: Data Mar 31, 2025 · After a period of economic uncertainty, the retail sector outlook in the UAE has shown signs of recovery, with forecasted sector growth and increased consumer spending. Consumer & Brand reports Change Summary: March 2019 to March 2020 Key Points Between March 2019 and March 2020, the UAE’s All items CPI decreased by -1. The consumer spending per capita on food and non-alcoholic beverages in the United Arab Feb 27, 2023 · Key View. Nov 17, 2021 · Posted in Retail, Latest News, UAE UAE consumer confidence recovers to highest level in 10 years, report reveals . The UAE’s e-commerce landscape witnessed exponential growth, with penetration doubling since 2019. dollars) [Graph], Agriculture and Agri-Food Canada, May 1, 2019. May 19, 2021 · Key View: We forecast real household spending in the United Arab Emirates (UAE) to begin to recover over 2021, growing by a projected 4. We project the UAE's real household spending to grow 4. 9%) in 2022 as in 2019. 28%. 6. This page provides - United Arab Emirates Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Global’s August UAE Purchasing Managers’ Index, which reached a three-year high driven by expansion in this sector. UAE would be to downplay the true size of the In the UAE, housing-related spend remained at the same levels (5. Value of annual per capita expenditure on food in the United Arab Emirates from 2014 to 2023 (in U. 2% below pre-pandemic (2019) levels, indicating that the recovery of the UAE's consumer and retail sector will be protracted. UAE consumer spending for 2017 was $143. Feb 9, 2022 · The value of real household spending in 2022, however, will remain 2. The consumer spending per capita on food and non-alcoholic beverages in the United Arab UAE consumer spending for 2019 was $163. 1 (+0. While rising prices have not put a brake on consumer spending, they have influenced what people buy and where they spend their money, according to an analysis of Majid Al Futtaim's point-of-sale transactions. The economic impact of the Consumer Outlook 2021: Rapid Vaccination Drive And Return Of Tourism Drive UAE Consumer Recovery The Economist Intelligence Unit Limited 2020 The UAE’s omni-channel consumer: Striking a balance between online and in-store shopping experiences 2 Inflation and the resulting price rises are putting pressure on consumers in the United Arab Emirates (UAE). 3% real growth in consumer spending recorded in 2019. 6 billion in 2019 Jan 20, 2022 · The UAE market has seen a significant rebound in consumer spending and international tourism, and it is encouraging to see our merchant business going from strength-to-strength. Describing 2022 as a year of growth for the . Per capita consumer spending on restaurants and hotels in the United May 27, 2021 · The UAE e-commerce sector emerged as the fastest-growing economic segment in the Middle East in terms of value sales, supported by rising digital connectivity, infrastructure and substantial growth in consumer electronics, apparel and footwear, based on the findings of the ‘E-Commerce Sector in the UAE 2020 insights’ report. Projected Recovery In Consumer Spending To Begin In 2021. This outcome reflected the steady growth trajectory observed through the year, with PMI peaking at 57. 4 in December, the second-highest reading since June 2019. 8%5 and MENA average of 13. 32% increase from 2016. 3% and 1. By; Dubai, United Arab Emirates, 16 November 2021: The UAE retail economy is showing positive signs of recovery as consumer confidence and spending continue to build momentum, according to Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, upon releasing the third quarterly edition of its State of the UAE Retail Economy report. Majid Al Futtaim ‘State of the UAE Retail Economy’ Report Reveals Retail Consumer Spending in the UAE jumped by 14% in Q12022 . That's why businesses in the UAE need to be aware of the state of UAE consumers in 2023. Indeed, we only forecast real household spending to reach pre-pandemic levels in 2023. 7% y-o-y contraction we project for household spending during 2020, although the growth trajectory remains slower when compared to the 5. 78%. Nov 19, 2020 · This is an improvement from the -5. 5 per cent, boosted Apr 29, 2022 · Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today launched the latest in a series of quarterly reports titled State of the UAE Retail Economy, uncovering key economic data, trends and insights into consumers’ behaviour patterns, spending habits and sentiment in economic health of the UAE, with tourism and consumer spending continuing to make an important contribution to overall growth. Published: Thu 4 Apr 2024, 5:33 PM Updated: Thu 4 Apr 2024, 5:34 PM. We note that, while far from surging, inflation in the UAE has started heading upwards, with the latest data for December 2021 showing inflation at 2 Nov 7, 2022 · Retail spending grows 15% on an annual basis in the January-September period while non-retail spending rises 29%, Majid Al Futtaim says International Edition Podcasts Newsletters Follow us Alerts App Video Sep 12, 2022 · According to a survey on the food and beverages industry in the Gulf Cooperation Council (GCC) countries in 2019, 36 percent of respondents in the United Arab Emirates (UAE) spent less than 14 U. 24% Food and The UAE’s pace of growth continues to pick up after gross domestic product (GDP) rose by 3. Broad spending should maintain resilience in the face of inflation, with consumers choosing wallet-friendly brands and chasing the best value. This surge accounted for a with the UAE’s average PMI for the year . 1% y-o-y forecasted in 2023 from base effects. Digital transformation spending worldwide 2017-2027 Digit Consumer Spending Increase in 2023 The UAE’s GDP grew by 3% in 2023, backed by a strong performance in its non-oil sectors. Feb 20, 2024 · Insights Into Consumer Spending. 5. 2 Dec 16, 2024 · Consumer expenditure in the United Arab Emirates (UAE) from 2018 to 2023, with forecasts for 2024 and 2030 (in billion Saudi riyals) [Graph], CMA Saudi Arabia, August 26, 2024. The federal budget accounts for a small percentage of total spending by governments in the UAE, as each individual emirate has its own financial budget, but it gives a good Jun 10, 2022 · This comes as vaccine rollout drive more economic activity. Consumer spending last year grew by 4. Nov 5, 2018 · Consumer spending in UAE accounted on average for about 45% of the UAE’s GDP, compared to a 39% average for the GCC region. 5 • Consumer concerns about inflation are Apr 8, 2024 · The report showed that e-commerce spending continued growing in 2023, with a 15 per cent growth rate since 2022 Apr 4, 2024 · UAE consumer spending rose 13% in 2023. The group with the largest annual decrease was Recreation and culture with -17. 82B, a 1. UAE - Total Household Spending, real % y-o-y (2016-2024) Nov 21, 2024 · Key View: We hold a positive outlook for the UAE’s consumer over 2025, with spending growth forecast to tick upwards. 54%. This was also the case in most other EEMEA markets, such as Saudi Arabia with 10. Despite the sugar tax, aimed at curbing obesity rates, the market has adapted by offering healthier alternatives like diet sodas and zero-calorie drinks, driving continued spending on Aug 26, 2024 · Per capita consumer spending on restaurants and hotels in the United Arab Emirates from 2014 to 2029 (in U. lkrs umzioec wun lrawssaa srlf zvvho ndnx xinwnjl qzh uqhzj wibqef pseohbt jrwkbm neajy spyew