The largest contribution to the gross domestic product (GDP) of Dubai in the United Arab Emirates (UAE) was wholesale and retail trade at about 26 percent in 2019. The logistics industry of the UAE was expected to contribute to its economy by eight percent in 2021.

The gross domestic product (GDP) in current prices in the United Arab Emirates was forecast to continuously increase between 2024 and 2029 by in total 167.6 billion U.S. dollars (+30.75 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 712.69 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that 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.Find more key insights for the gross domestic product (GDP) in current prices in countries like Kuwait, Qatar, and Bahrain.

The Gross Domestic Product (GDP) in the United Arab Emirates was worth 504.17 billion US dollars in 2023, according to official data from the World Bank. The GDP value of the United Arab Emirates represents 0.48 percent of the world economy. This dataset provides - United Arab Emirates GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The growth of the real gross domestic product (GDP) in the United Arab Emirates was forecast to increase between 2024 and 2029 by in total 0.3 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The growth is estimated to amount to 4.26 percent in 2029. As described by the International Monetary Fund, this indicator describes the annual change in the gross domestic product at constant prices. This is expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Jordan, Israel, and Oman.

Graph and download economic data for Life Insurance Premium Volume to GDP for United Arab Emirates (DDDI09AEA156NWDB) from 1992 to 2019 about premium, United Arab Emirates, life, insurance, and GDP.

Key information about United Arab Emirates GDP Per Capita

• United Arab Emirates Gross Domestic Product (GDP) per Capita reached 38,661.163 USD in Dec 2020, compared with 43,900.154 USD in Dec 2019.
• United Arab Emirates GDP Per Capita data is updated yearly, available from Dec 1985 to Dec 2020, with an average number of 33,904.012 USD.
• The data reached an all-time high of 45,075.558 USD in Dec 2018 and a record low of 14,800.000 in Dec 1988.
• Federal Competitiveness and Statistics Centre provides annual GDP per Capita in USD.

• In the latest reports, United Arab Emirates GDP expanded 3.900 % YoY in Jun 2023.
• United Arab Emirates Nominal GDP reached 117.279 USD bn in Mar 2022.
• Its GDP deflator (implicit price deflator) increased 12.834 % in Mar 2022.
• Gross Savings Rate of United Arab Emirates was measured at 39.192 % in Dec 2021.

Among the Gulf Cooperation Council (GCC) countries, Kuwait had the highest projected real gross domestic product (GDP) growth in 2021 at about 3.4 percent. The United Arab Emirates (UAE) had the largest expected decrease in its real GDP growth in 2020 following the COVID-19 pandemic at negative 3.5 percent.

The real gross domestic product (GDP) growth rate of the United Arab Emirates (UAE) in 2019 was 1.7 percent, which was an increase compared to the growth rate of 0.5 percent in 2017. It was expected to reach 2.5 percent in 2022. UAE GDP at constant price amounted to approximately 1.44 trillion Emirati dirhams in 2018.

Key information about United Arab Emirates Gross National Product (GNP)

• United Arab Emirates Gross National Product (GNP) was reported at 358.406 USD bn in Dec 2020.
• This records a decrease from the previous number of 419.285 USD bn for Dec 2019.
• United Arab Emirates Gross National Product (GNP) data is updated yearly, averaging 241.508 USD bn from Dec 1993 to 2020, with 28 observations.
• The data reached an all-time high of 423.639 USD bn in 2018 and a record low of 35.969 USD bn in 1993.

• United Arab Emirates Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC extends history for annual Gross National Product. Federal Competitiveness and Statistics Centre provides Gross National Product in USD based on SNA 2008. Gross National Product prior to 2010 is based on SNA 1993.

United Arab Emirates GDP: 2006p: Dubai: NF: Electricity, Gas, Water Supply and Waste Management Activities (EM) data was reported at 2,653.136 AED mn in Jun 2019. This records an increase from the previous number of 2,375.031 AED mn for Mar 2019. United Arab Emirates GDP: 2006p: Dubai: NF: Electricity, Gas, Water Supply and Waste Management Activities (EM) data is updated quarterly, averaging 2,311.634 AED mn from Mar 2011 (Median) to Jun 2019, with 34 observations. The data reached an all-time high of 3,095.663 AED mn in Sep 2018 and a record low of 1,547.223 AED mn in Mar 2011. United Arab Emirates GDP: 2006p: Dubai: NF: Electricity, Gas, Water Supply and Waste Management Activities (EM) data remains active status in CEIC and is reported by Dubai Statistics Center. The data is categorized under Global Database’s United Arab Emirates – Table AE.A008: SNA 2008: GDP: by Industry: 2006 Price: Dubai.

Gross Fixed Capital Formation in the United Arab Emirates increased to 286073.90 AED Million in 2020 from 270277.44 AED Million in 2019. This dataset provides - United Arab Emirates Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The tourism sector GDP share in the United Arab Emirates was forecast to continuously increase between 2023 and 2028 by in total 2.6 percentage points. The share is estimated to amount to 12.72 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 150 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.

United Arab Emirates GDP: 2010p: Dubai: Wholesale and Retail Trade, Repair of Motor Vehicle and Motorcycles data was reported at 108,610.454 AED mn in 2023. This records an increase from the previous number of 106,490.801 AED mn for 2022. United Arab Emirates GDP: 2010p: Dubai: Wholesale and Retail Trade, Repair of Motor Vehicle and Motorcycles data is updated yearly, averaging 104,339.463 AED mn from Dec 2009 (Median) to 2023, with 15 observations. The data reached an all-time high of 115,570.161 AED mn in 2019 and a record low of 77,619.806 AED mn in 2009. United Arab Emirates GDP: 2010p: Dubai: Wholesale and Retail Trade, Repair of Motor Vehicle and Motorcycles 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.

United Arab Emirates GDP: 2010p: Dubai: Transportation and Storage data was reported at 49,309.928 AED mn in 2023. This records an increase from the previous number of 45,154.704 AED mn for 2022. United Arab Emirates GDP: 2010p: Dubai: Transportation and Storage data is updated yearly, averaging 43,055.952 AED mn from Dec 2009 (Median) to 2023, with 15 observations. The data reached an all-time high of 53,738.649 AED mn in 2019 and a record low of 31,094.887 AED mn in 2009. United Arab Emirates GDP: 2010p: Dubai: Transportation and Storage 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.

In 2019, foreign direct investments in Dubai in the United Arab Emirates (UAE) were dominated by greenfield investments at a value of about 7.27 billion U.S. dollars. Oil continued to be the backbone of the country accounting for around a quarter of its gross domestic product (GDP) in 2019.

South Korea GDP Nowcast: sa: YoY: Contribution: Energy: Oil Price: Dubai data was reported at 0.706 % in 10 Mar 2025. This records a decrease from the previous number of 0.865 % for 03 Mar 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Energy: Oil Price: Dubai data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 7.523 % in 30 Dec 2019 and a record low of 0.000 % in 25 Nov 2024. South Korea GDP Nowcast: sa: YoY: Contribution: Energy: Oil Price: Dubai data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s South Korea – Table KR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Consumer Price Index CPI in the United Arab Emirates decreased to 113.37 points in January from 113.38 points in December of 2024. This dataset provides - United Arab Emirates Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, the inflation rate of the United Arab Emirates was at 1.93 percent compared to the previous year. For 2018, estimates show a sharp increase of over 3.07 percent, before inflation slumps back to around 2 percent in 2029.

Oil is keeping everything afloat

The economy of the United Arab Emirates heavily relies on oil and its respective revenues. The UAE possess vast stable oil reserves, and crude oil production is steadily increasing. Naturally, oil exports – mostly to the Asia-Pacific region – are the main economic driver, and the industrial and services sectors have divided generation of GDP almost evenly among themselves. Oil has caused the UAE economy to thrive and caused an impressive trade surplus just a few years ago, before a dramatic (but still not overly concerning) slump.

Oil is dragging everything down

When oil prices decreased, so did the trade surplus, and inflation mirrored this by skyrocketing from around one percent to over four percent in three years. Another three years later, in 2018, it spiked again at over 3.5 percent – another response to dropping oil prices. Diversifying the economy is one way for the UAE to diminish oil’s monopoly; tourism has been a growing industry over the last few years and might just stabilize inflation if another oil price slump hits.

According to projects for 2020, the mining and quarrying sector including crude oil and gas contributed about 227.14 billion United Arab Emirates Dirham to the gross domestic product (GDP) of the United Arab Emirates. This was the leading economic sector of the UAE closely followed by wholesale and retail with 178.7 billion United Arab Emirates dirham in that year.

UAE oil industry  

As of 2019, the United Arab Emirates was one of the top ten crude oil producers worldwide. The volume of crude oil production in that year exceeded one billion barrels. The country was also a member of the Organization of Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum (GECF). It was a major oil producer and exporter and held about 98 billion barrels of crude oil reserves . Each emirate has control over heir oil and gas production processes. The emirate of Abu Dhabi controlled over 90 percent of the country’s reserves. It was handled by Abu Dhabi National Oil Company (ADNOC). Abu Dhabi’s exports exceeded 800 million barrels in 2019. The largest gas project in the country in 2020 was ADNOC - Hail and Ghasha Sour Gas Development: Package 4.

UAE economy

The UAE’s economy witnessed a sharp decrease in its real GDP growth in 2020 post the COVID-19 pandemic, however, it was expected to recover gradually over the next couple of years. The coronavirus crisis has dealt a heavy blow to the country. This is not only due to the impact of low oil prices, but also a huge loss to important non-oil economic sectors such as tourism. .The largest contributor to Dubai’s GDP in 2021 was the wholesale and retail industry The central bank expected a full economic recovery in 2022. The largest share of announced foreign direct investment (FDI) projects in 2020 in the emirate of Dubai were greenfield projects.

Pdb Per Kapita Uni Emirat Arab dilaporkan sebesar 38,661.163 USD pada 2020. Rekor ini turun dibanding sebelumnya yaitu 43,900.154 USD untuk 2019. Data Pdb Per Kapita Uni Emirat Arab diperbarui tahunan, dengan rata-rata 33,904.012 USD dari 1985 sampai 2020, dengan 34 observasi. Data ini mencapai angka tertinggi sebesar 45,075.558 USD pada 2018 dan rekor terendah sebesar 14,800.000 USD pada 1988. Data Pdb Per Kapita Uni Emirat Arab tetap berstatus aktif di CEIC dan dilaporkan oleh Federal Competitiveness and Statistics Centre. Data dikategorikan dalam Uni Emirat Arab Global Database – Table AE.A038: SNA 1993: GDP per Capita.