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.

Historical chart and dataset showing UAE GDP by year from 1970 to 2023.

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 Private Debt: % of Nominal GDP

• United Arab Emirates Private Debt accounted for 67.34 % of its Nominal GDP in Jun 2024, compared with a ratio of 66.72 % in the previous quarter
• United Arab Emirates Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Dec 2013 to Jun 2024, with an average share of 73.09 %
• The data reached an all-time high of 86.48 % in Mar 2021 and a record low of 57.28 % in Dec 2013

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated by subtracting Private Credits to Financial Sector from Total Private Credits. The Central Bank of the United Arab Emirates provides Private Debt in local currency. Federal Competitiveness and Statistics Centre provides Nominal GDP in local currency.

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.

GDP: 2010p: Dubai: Mining and Quarrying data was reported at 8,892.177 AED mn in 2023. This records a decrease from the previous number of 9,214.454 AED mn for 2022. GDP: 2010p: Dubai: Mining and Quarrying data is updated yearly, averaging 10,429.556 AED mn from Dec 2009 (Median) to 2023, with 15 observations. The data reached an all-time high of 12,207.149 AED mn in 2013 and a record low of 5,269.460 AED mn in 2009. GDP: 2010p: Dubai: Mining and Quarrying data remains active status in CEIC and is reported by Dubai Data and Statistics Establishment. The data is categorized under Global Database’s United Arab Emirates – Table AE.A011: SNA 2008: GDP: by Industry: 2010 Price: Dubai: Annual.

The total number of passengers traveling through Dubai International Airport (DXB) peaked in 2018, exceeding ** million. Although passenger traffic experienced a significant decline during the COVID-19 lockdown period, it has rebounded strongly in recent years, with the past two years recording the most substantial consecutive growth. Dubai’s strategic position The UAE leverages its location between Europe, Africa, and Asia to serve as a global transit hub. Dubai International Airport, the world’s busiest airport in 2023, is home to Emirates Airlines, operator of the largest Airbus A380 fleet, and Flydubai, a key budget carrier. Dubai’s second airport, Dubai World Central (DWC), is undergoing a ** billion U.S. dollar expansion to become the world’s largest, aiming to accommodate approximately *** million passengers annually, nearly ***** times the capacity of Dubai International Airport. Eventually, DXB operations will transfer to DWC. Tourism a key pillar of the economy Tourism plays a significant role in the UAE contributing billions of dollars to its GDP each year. In 2023, the UAE led the MENA region in tourism receipts. Dubai and Abu Dhabi attract most visitors, fueling growth in luxury hospitality. To boost tourism, the UAE introduced the Abu Dhabi Pass, launched by Etihad Airways and Abu Dhabi’s Department of Culture and Tourism. It offers a free eSIM, public transport access, and complimentary attraction entry, with extra services via a digital platform. As the sector expands, demand for a supporting skilled workforce is expected to rise.