In 2020, the extractive industries, including oil and natural gas, accounted for the largest share of real gross domestic product (GDP) in the United Arab Emirates (UAE), representing just over ** percent. The wholesale and retail trade industries followed closely at approximately **** percent. Conventional versus renewable energy In the United Arab Emirates, extractive industries have long been the backbone of the domestic economy, contributing over *** billion UAE Dirham to the country’s GDP in 2020. The UAE has also been ranked among the global leaders in crude oil production. However, the country is diverging from such conventional energy sources for the sake of a more environmentally sustainable economy. The UAE is working towards ** percent of renewable energy by 2030, while the UAE Strategy 2050 further targets a contribution of ** percent of clean energy to the energy mix. Non-oil economic sectors on the rise Despite the availability of vast deposits of fossil fuels and the country’s historical dependency on these natural resources, the UAE has also been striving towards a more diversified economy. Among the country’s non-oil industries, tourism and hospitality have contributed significantly to domestic economic growth. The pandemic-delayed Dubai Expo 2020 has cushioned the initial shock of COVID-19, offering a worthwhile opportunity for recovery and growth for the UAE tourism-related industries.

The Gross Domestic Product (GDP) in the United Arab Emirates was worth 537.08 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United Arab Emirates represents 0.51 percent of the world economy. This dataset provides - United Arab Emirates GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the share of the economic sectors in the United Arab Emirates' (UAE) gross domestic product from 2013 to 2023. In 2023, the share of the industrial sector in the United Arab Emirates' GDP was approximately 47.72 percent.

Key information about United Arab Emirates Real GDP Growth

• The Gross Domestic Product (GDP) in United Arab Emirates expanded 4.6 % YoY in Jun 2024, following a growth of 6.8 % in the previous quarter.
• Real GDP Growth YoY data in United Arab Emirates is updated quarterly, available from Jun 2012 to Jun 2024, with an average rate of 1.0 %.
• The data reached an all-time high of 13.8 % in Mar 2015 and a record low of -9.8 % in Dec 2014.

• In the latest reports, Nominal GDP of United Arab Emirates reached 117.3 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 12.8 % in Mar 2022.
• GDP Per Capita in United Arab Emirates reached 38,661.2 USD in Dec 2020.
• Its Gross Savings Rate was measured at 46.4 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 21.0 % in Dec 2020.
• Public Consumption accounted for 12.4 % in Dec 2023.
• Private Consumption accounted for 41.2 % in Dec 2023.

The growth of the real gross domestic product (GDP) in the United Arab Emirates was estimated at about 3.76 percent in 2024. From 1980 to 2024, the growth rose by approximately 5.54 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the growth will rise by around 0.14 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product (GDP) in the United Arab Emirates expanded 3.80 percent in the third quarter of 2024 over the same quarter of the previous year. This dataset provides - United Arab Emirates GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Arab Emirates AE: Income Share Held by Second 20% data was reported at 12.000 % in 2014. United Arab Emirates AE: Income Share Held by Second 20% data is updated yearly, averaging 12.000 % from Dec 2014 (Median) to 2014, with 1 observations. United Arab Emirates AE: Income Share Held by Second 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

The gross domestic product (GDP) in current prices in the United Arab Emirates was estimated at about 537.08 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 495.35 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 199.73 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

United Arab Emirates AE: Income Share Held by Lowest 20% data was reported at 6.200 % in 2014. United Arab Emirates AE: Income Share Held by Lowest 20% data is updated yearly, averaging 6.200 % from Dec 2014 (Median) to 2014, with 1 observations. United Arab Emirates AE: Income Share Held by Lowest 20% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles. Percentage shares by quintile may not sum to 100 because of rounding.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

In the first quarter of 2021, the wholesale and retail sector remained the largest contributor to the gross domestic product (GDP) of the emirate of Dubai in the United Arab Emirates (UAE), accounting for about 22.7 percent. Meanwhile, the financial services and insurance sector and the transport and storage sector followed at 11.9 and 11.7 percent, respectively.

Global economic hub The United Arab Emirates, the second-largest Arab economy after Saudi Arabia in 2021, is home to key business hubs and financial centers, Dubai and Abu Dhabi. With the government’s strategic initiatives to support a growing environment for budding businesses, Dubai and Abu Dhabi have become the world’s most attractive business destinations for both local and foreign entrepreneurs. As of 2022, UAE was ranked among countries with the most competitive economy by the International Institute for Management Development, based on economic performance, government efficiency, business efficiency, and infrastructure. Road to sustainability

The UAE economy has been historically heavily dependent on oil for its economy, as extractive industries remained the leading driver of the Emirates’ GDP in 2020. However, the UAE has been taking active initiatives towards a “green economy for sustainable development” by diversifying its economy away from oil. The UAE Energy Strategy 2050 sets an aim of 50 percent renewables in the energy mix by 2050, the majority of which would likely stem from photovoltaic systems.

United Arab Emirates AE: GDP: Growth: Gross Value Added: Industry data was reported at -1.112 % in 2017. This records a decrease from the previous number of 2.323 % for 2016. United Arab Emirates AE: GDP: Growth: Gross Value Added: Industry data is updated yearly, averaging 3.019 % from Dec 2011 (Median) to 2017, with 7 observations. The data reached an all-time high of 8.477 % in 2011 and a record low of -1.112 % in 2017. United Arab Emirates AE: GDP: Growth: Gross Value Added: Industry data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate for industrial value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

GDP Growth Non Oil Sector in the United Arab Emirates increased to 4.50 percent in the third quarter of 2024 from 4.40 percent in the second quarter of 2024. This dataset includes a chart with historical data for the United Arab Emirates GDP Growth Non Oil Sector.

The tourism sector GDP share in the United Arab Emirates was forecast to continuously increase between 2023 and 2028 by in total *** percentage points. The share is estimated to amount to ***** percent in 2028.Depited is the economic contribution of the tourism sector in relation to the gross domestic product of the country or region at hand.The forecast has been adjusted for the expected impact of COVID-19.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the tourism sector GDP share in countries like Saudi Arabia and Bahrain.

The dataset illustratea percentage of distribution of Gross Domestic Product (GDP) by economic activity with base year prices of 2010 in the UAE

United Arab Emirates AE: Electric Power Transmission and Distribution Losses: % of Output data was reported at 7.177 % in 2014. This records an increase from the previous number of 7.176 % for 2013. United Arab Emirates AE: Electric Power Transmission and Distribution Losses: % of Output data is updated yearly, averaging 7.094 % from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 9.100 % in 1996 and a record low of 2.381 % in 1999. United Arab Emirates AE: Electric Power Transmission and Distribution Losses: % of Output data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Energy Production and Consumption. Electric power transmission and distribution losses include losses in transmission between sources of supply and points of distribution and in the distribution to consumers, including pilferage.; ; IEA Statistics © OECD/IEA 2018 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

AE: Gini Coefficient (GINI Index): World Bank Estimate data was reported at 32.500 % in 2014. AE: Gini Coefficient (GINI Index): World Bank Estimate data is updated yearly, averaging 32.500 % from Dec 2014 (Median) to 2014, with 1 observations. AE: Gini Coefficient (GINI Index): World Bank Estimate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Poverty. Gini index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The Gini index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Exports in the United Arab Emirates increased to 1187400 AED Million in 2021 from 1003000 AED Million in 2020. This dataset provides - United Arab Emirates Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in the United Arab Emirates increased to 1388300 AED Million in 2023 from 1216000 AED Million in 2022. This dataset provides - United Arab Emirates Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Arab Emirates AE: Income Share Held by Highest 10% data was reported at 21.400 % in 2014. United Arab Emirates AE: Income Share Held by Highest 10% data is updated yearly, averaging 21.400 % from Dec 2014 (Median) to 2014, with 1 observations. United Arab Emirates AE: Income Share Held by Highest 10% data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank.WDI: Poverty. Percentage share of income or consumption is the share that accrues to subgroups of population indicated by deciles or quintiles.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

This statistic displays the distribution of employment in the United Arab Emirates in 2014, by economic sector. In this year, the construction and building industry accounted for approximately ***** percent of the total employment in the UAE.