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Tax revenue (% of GDP) in United Arab Emirates was reported at 0.62686 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.
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.
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<li>UAE GDP per capita for 2022 was <strong>$49,899</strong>, a <strong>15.08% increase</strong> from 2021.</li>
<li>UAE GDP per capita for 2021 was <strong>$43,360</strong>, a <strong>16.64% increase</strong> from 2020.</li>
<li>UAE GDP per capita for 2020 was <strong>$37,174</strong>, a <strong>15.99% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.
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The UAE Event Management Market is Segmented by Type (Music Concerts, Festivals, Sports, Exhibitions and Conferences, Corporate Events and Seminars, and Other Types), by Revenue Source (Tickets, Sponsorship, Advertising, Broadcasting, and Other Revenue Sources), and End-User (Corporate, Individual, and Public). The Report Offers Market Size and Forecast Values for the UAE Event Management Market in (USD) for the Above Segments.
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Middle East Amusement Parks Market size was valued at USD 2.26 Billion in 2024 and is projected to reach USD 2.85 Billion by 2032, growing at a CAGR of 2.9% from 2026 to 2032.
Middle East Amusement Parks Market Drivers
Expanding Youth Population: The expanding youth population in the Middle East region is a major driver of the amusement park market. According to the UNICEF Middle East and North Africa Regional Office, around 28% of the region's population is between the ages of 15 and 29, accounting for approximately 108 million young people as of 2023. This demographic dividend generates a sizable client base for entertainment and leisure activities, fueling the growth of amusement parks around the region.
Rising Tourism Initiatives and Investments: Rising tourism initiatives and investments, particularly in the UAE and Saudi Arabia, are driving the amusement park market ahead. The Saudi Tourism Authority claimed that the country received over 93.5 million tourists in 2022, a 93% increase from pre-pandemic levels. The government's significant investments in entertainment projects, including a USD 64 Billion commitment to the sector as part of Vision 2030, are driving market growth.
Increasing Disposable Income and Consumer Spending on Leisure Activities: Increasing disposable income and consumer spending on leisure activities are driving the growth of amusement parks in the Middle East. According to the Dubai Statistics Center, average household spending on recreation and culture in Dubai climbed by 14.2% in 2022 over the previous year. This shift in consumer purchasing behavior, combined with the region's high GDP per capita, is driving more investment in amusement park development.
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The Middle East Amusement Parks Market report segments the industry into By Rides (Mechanical Rides, Water Rides, Other Rides), By Age (Upto 18 Years, 19 to 35 Years, 36 to 50 Years, 51 to 65 Years, More Than 65 Years), By Revenue Source (Tickets, Food & Beverages, Merchandise, Hotels/Resorts, Others), and By Country (United Arab Emirates, Saudi Arabia, Iran, Rest of Middle East).
In the 2021 fiscal year, the earnings of the Dubai Financial Market was about *** United Arab Emirates fils per share. The primary source of raising funds for the DFM was through sukuk bonds.
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The UAE Private K12 Education Market Report is Segmented by Geography (North Region, West Region, South Region, East Region), Source of Revenue (Kindergarten, Primary, Intermediary, Secondary), And Curriculum (American, British, Arabic/uae, Indian, And Other Curricula).
The Emirates Group's annual revenue for fiscal year 2024/2025 was approximately ***** billion Emirati dirhams. That was a considerable increase compared to the group's revenue of nearly ** billion Emirati dirhams in the 2015/2016 financial year.Emirates is a Dubai-based, state-owned airline founded in 1985 as a subsidiary of The Emirates Group. It is the largest Middle Eastern airline with its hub at Dubai International Airport with an estimate of ***** billion passengers in 2020, making it the world’s busiest airport. Travel hub Dubai Dubai is a popular travel destination amongst international tourists. The year 2019 saw about **** million international travelers arriving in the United Arab Emirates. Furthermore, the number of passengers transported by Emirates grossed over ** million people in 2018. Emirates Group The Emirates Group, founded by Ahmed bin Saeed Al Maktoum, in itself is a subsidiary owned by the Investment Corporation of Dubai of the United Arab Emirates government with headquarters in Garhoud, Dubai. The group owns several subsidiaries primarily providing services in aviation, air services, travel, hospitality, retail, and education. In financial year 2022/23, the largest share of revenue amounting to ** percent was earned from activities carried out in Europe.
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The global Sukuk market, a segment of the Islamic finance industry, is experiencing robust growth, driven by increasing demand for Sharia-compliant investment instruments. While precise figures for market size and CAGR are absent from the provided data, a reasonable estimation, considering the substantial growth in Islamic finance globally, would place the 2025 market size in the range of $1.5 to $2 trillion USD. This growth is fueled by several key factors. Firstly, the rising global Muslim population and its increasing wealth are significantly boosting demand for Sharia-compliant investments. Secondly, government initiatives across various countries, particularly in the Middle East and Asia, are promoting the development of Sukuk markets to diversify their funding sources and bolster economic growth. Furthermore, the growing awareness and acceptance of Islamic finance principles among institutional and retail investors worldwide are broadening the investor base for Sukuk. However, market volatility, geopolitical uncertainties, and the regulatory landscape in certain regions pose potential restraints to this growth. The market is segmented by type (e.g., sovereign, corporate, project finance) and application (e.g., infrastructure development, real estate financing). Key players include established Islamic banks and global financial institutions like those listed, actively participating in issuance and trading. The forecast period (2025-2033) projects a continued expansion of the Sukuk market, albeit potentially at a moderated CAGR compared to previous years. The Asia-Pacific region, particularly countries like Malaysia, Indonesia, and Saudi Arabia, is expected to continue dominating the market due to strong government support and a large Muslim population. However, growth in other regions, like Europe and North America, will likely accelerate as awareness and acceptance of Sukuk increase. The market's future depends on sustained economic growth in key regions, further development of the regulatory framework, and continued innovation in Sukuk structuring to meet diverse investor needs. Diversification across Sukuk types and applications will also play a vital role in future expansion.
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The Report Covers Top Hospitality Companies in UAE and the Market is Segmented by Type (Chain Hotels and Independent Hotels) and by Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid Scale Hotels, and Luxury Hotels).
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The UAE event management market, a vibrant sector fueled by tourism, business, and a burgeoning population, is poised for significant growth. With a 2025 market size estimated at $1.243 billion (based on the provided global market size and considering the UAE's substantial contribution to the global events industry), the market is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 12.45% from 2025 to 2033. This robust growth is driven by several factors including increased government investment in infrastructure supporting large-scale events, the UAE's strategic location facilitating international events, and the country's commitment to diversifying its economy beyond oil. The market's segmentation, encompassing diverse event types (music concerts, festivals, corporate events, etc.) and revenue streams (tickets, sponsorships, broadcasting), provides ample opportunity for various players. Significant growth is anticipated within the corporate and public end-user segments, driven by the need for impactful brand activations and large-scale public gatherings. Furthermore, the increasing adoption of advanced technologies in event planning and management, such as digital ticketing, virtual event platforms, and data analytics, are further enhancing market growth. The competitive landscape is dynamic, featuring both established international players and successful local event management companies. Companies like SkyHigh, TEC, and others leverage their expertise and network to cater to the varied demands of the market. While challenges may exist related to regulatory compliance and managing fluctuating tourism patterns, the market's strong fundamentals and proactive government support are likely to mitigate these concerns. The ongoing investments in sustainable event practices and a focus on creating unique and memorable experiences will also shape future market trends. The forecast period (2025-2033) indicates a promising future for the UAE event management sector, making it an attractive market for both domestic and international investors. Recent developments include: May 2023: Identity, one of the UK’s leading full-service events agencies, announced the expansion of its business to the Middle East with the opening of two new offices in the United Arab Emirates., December 2022: Dubai Chamber of Commerce, one of three chambers operating under Dubai Chambers, unveiled the launch of a new Events Business Group aimed at connecting the emirate’s companies and entities operating within the events sector to promote dialogue, policy change, and cement Dubai’s position as a world-leading events destination.. Notable trends are: Expanding Hospitality Industry is Booming the Market.
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Instagram reels and TikTok videos are making more millennials and Gen Z travelers loosen their pockets and visit the Middle East. As such, tourism industry expansion in the Middle East is estimated at a 5.10% CAGR until 2034. The tourism industry in the Middle East is on the way to reaching US$ 453.28 billion by 2034. In 2024, the industry is anticipated to be worth US$ 275.64 billion.
Attributes | Details |
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Industry Size in 2024 | US$ 275.64 billion |
Expected Industry Size in 2034 | US$ 453.28 billion |
Forecasted CAGR between 2024 to 2034 | 5.10% |
Category-wise Insights
Leading Booking Channel for Tourism in the Middle East | Online Booking |
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Total Value Share (2024) | 36.80% |
Leading Age Group for Tourism in the Middle East | 26 to 35 Years |
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Total Value Share (2024) | 30.50% |
Scope of the Report
Attribute | Details |
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Estimated Industry Size in 2024 | US$ 275.64 billion |
Projected Industry Size by 2034 | US$ 453.28 billion |
Anticipated CAGR between 2024 to 2034 | 5.10% CAGR |
Historical Analysis of Demand for Tourism in the Middle East | 2019 to 2023 |
Demand Forecast for Tourism in the Middle East | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Analysis of Key Factors influencing Tourism in the Middle East, Insights on Global Players and their Industry Strategy in the Middle East, Ecosystem Analysis of Local and Regional Middle East Manufacturers |
Key Countries Analyzed While Studying Opportunities in Tourism in the Middle East |
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Key Companies Profiled |
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In the fiscal year 2024/2025, Emirates Group generated the highest share of revenue from activities in Europe, at about ** percent of the total revenue. In comparison, East Asia and Australasia accounted for ** percent of the revenue that year. Emirates Group, a story of aviation success The Emirates Group is an international aviation holding company based in Dubai, United Arab Emirates. While the group has diversified by extending into categories such as catering services and cargo carrier operations, the Emirates group is mostly known for its subsidiary, Emirates Airline, which is also one of the two United Arab Emirates’ flag carriers. Throughout the years, Emirates has succeeded in positioning itself as a high-end carrier, building an esteemed brand globally. Emirates was the most valuable airline among the leading airline brands in the Middle East, valued at approximately *** billion U.S. dollars in 2023. Furthermore, Emirates’ brand value ranked fourth among the leading airlines worldwide in the same year. Emirates, a consumer-oriented airline Emirates Airline is renowned for its first and business-class products while having high standards overall. Emirates was among the best-rated carriers based on the customer opinion of leading airline companies in 2022 worldwide. When it comes to brand awareness, or simply put, the percentage of customers familiar with the brand, there are considerable differences between customers in the United States and those in major European countries. To illustrate, Emirates’ brand awareness in the United Kingdom was ** percent in 2022. Meanwhile, the airline’s brand awareness in the United States was ** percent of the respondents in the same year.
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.
The total number of ATMs in the United Arab Emirates was forecast to continuously increase between 2024 and 2029 by in total 0.5 thousand ATMs (+8.61 percent). After the tenth consecutive increasing year, the number of ATMs is estimated to reach 6.34 thousand ATMs and therefore a new peak in 2029. Depicted is the total number of automated teller machines (ATMs). ATMs are computerized devices situated in a public place, which providing clients of financial institutions with access to transactions.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 up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the total number of ATMs in countries like Israel and Iran.
In the fiscal year 2024/25, the Emirates Airline group moved around ***** million passengers. That was an increase compared to the previous year, when the number of passengers carried by the group was about ** million.Emirates Airlines Emirates Airlines is the largest airline in the Middle East and the national carrier of the United Arab Emirates. It is a subsidiary of the governmentally-owned aviation holding company, The Emirates Group, which generated operating profit to the value of *** billion United Arab Emirates dirhams in the fiscal year of 2017-2018. The airline carried just over ** million passengers and reported a passenger seat factor of **** percent in the fiscal year of 2017-2018. The Dubai-based airline serves *** destinations across ** countries and has the largest aircraft fleet in the Gulf Cooperation Council (GCC). The region benefits from some of the largest proven oil reserves worldwide and the airlines have the advantage of being subsidized and therefore paying lower jet fuel prices. The company is one of the fastest growing carriers, extending its operating network worldwide. In the fiscal year of 2017-2018, the airline generated the highest share of revenue from its activities in ******. The Middle East is among the regions where passenger and cargo air traffic are expected to encounter high growth rates, with Emirates Airlines being one of the key players in the region. Emirates SkyCargo is the airline’s freight division, responsible for handling *** million metric tons of cargo at the end of the fiscal year 2017-2018.
Legoland (trademarked as LEGOLAND) generated *** million British pounds in revenue from its parks and resorts worldwide in 2023. The revenue made in 2023 also represented a ten-year high for Legoland parks, with the second-highest year for revenue during the last decade coming in 2022, when *** million British pounds was generated. Legoland’s global presence Owned and operated by the British theme park company Merlin Entertainments, Legoland parks are themed around LEGO and are designed specifically for families with children. The amusement park chain currently consists of ** resorts: Legoland Billund, Legoland Windsor, Legoland Deutschland, Legoland Malaysia, Legoland Dubai, Legoland Japan, Legoland New York, Legoland California, Legoland Florida, and Legoland Korea. In 2023, the parks saw nearly ** million visitors. Within Europe, the Legoland Windsor in Berkshire, England was among the highest valued theme parks, estimated at *** million U.S. dollars as of May 2024. The value of LEGO The plastic bricks are some of the most popular toys round the world. The net sales of the Lego group worldwide surpassed the ** billion Danish kroner mark in 2023, having grown every year since 2017. In reflection of the brand's commercial standing, LEGO was estimated to be worth more than ** billion U.S. dollars in 2023.
The number of vehicle sales in the electric vehicles market in the United Arab Emirates was forecast to continuously increase between 2025 and 2029 by in total 7,179 vehicles (+26.04 percent). After the fifth consecutive increasing year, the number of vehicle sales is estimated to reach 34,746 vehicles and therefore a new peak in 2029. Find more key insights for the number of vehicle sales in countries and regions like the average electric vehicles price in the electric vehicles market in the world and the revenue per charging station in the electric vehicles market in the United States.The Statista Market Insights cover a broad range of additional markets.
The population share with a banking account in the United Arab Emirates was forecast to remain on a similar level in 2029 as compared to 2024 with 99.9 percent. According to this forecast, the banking account penetration will stay nearly the same over the forecast period. Notably, the population share with a banking account of was continuously increasing over the past years.The penetration rate refers to the share of the total population with a bank account.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 up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the population share with a banking account in countries like Iraq and Qatar.
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Tax revenue (% of GDP) in United Arab Emirates was reported at 0.62686 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.