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UAE oil reserves are ranked as the world’s sixth-largest and it holds one of the most-developed economies in West Asia. It is the thirty-fifth-largest economy at market exchange rates
It is 15th in purchasing power per capita and has a relatively high Human Development Index for the Asian continent, ranking thirty-second globally. The UAE is classified as a high-income developing economy by the IMF.

The GDP per capita is currently the third in the world and second in the Middle East, after Qatar and Kuwait.

Petroleum and natural gas exports play an essential position in the economy, especially in Abu Dhabi. More than 85% of the UAE's economy was based on the exports of natural resources in 2009
Major increases in imports occurred in manufactured goods, machinery, and transportation equipment, which together accounted for 80% of total imports.

The UAE is the second largest economy in the region, recording one of the highest economic growth rates in the Arab region because of its growing oil and gas exports and on-going economic diversification programs.