l1)The UAE has an open economy with a high per capita
income and a sizable annual trade surplus. Its wealth is based on oil
and gas output (about 33% of GDP) .
l2)The UAE has huge proven oil reserves, estimated at
98.2 billion barrels (16 km³) in 1998, with gas reserves estimated at
5.8 km³. At present production rates (2.8 million barrels per day),
these supplies would last at least 100 years.
lThe UAE also has 6 trillion cubic meters of proven
natural gas reserves and produces 65 billion cubic meters .
