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.

Key information about United Arab Emirates Real GDP Growth

• The Gross Domestic Product (GDP) in United Arab Emirates expanded 4.2 % YoY in Mar 2025, following a negative growth of 2.4 % in the previous quarter.
• Real GDP Growth YoY data in United Arab Emirates is updated quarterly, available from Jun 2012 to Mar 2025, with an average rate of -0.3 %.
• The data reached an all-time high of 14.2 % in Mar 2015 and a record low of -9.5 % in Dec 2014.

• In the latest reports, Nominal GDP of United Arab Emirates reached 136.8 USD bn in Mar 2025.
• Its GDP deflator (implicit price deflator) fell 0.3 % in Mar 2025.
• GDP Per Capita in United Arab Emirates reached 48,140.6 USD in Dec 2023.
• Its Gross Savings Rate was measured at 42.9 % in Dec 2023.
• For Nominal GDP contributions, Investment accounted for 20.6 % in Dec 2020.
• Public Consumption accounted for 12.2 % in Dec 2023.
• Private Consumption accounted for 44.9 % in Dec 2023.

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.

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.

United Arab Emirates AE: GDP: Real data was reported at 1,422,210.000 AED mn in 2017. This records an increase from the previous number of 1,411,057.000 AED mn for 2016. United Arab Emirates AE: GDP: Real data is updated yearly, averaging 588,185.586 AED mn from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 1,422,210.000 AED mn in 2017 and a record low of 208,622.510 AED mn in 1975. United Arab Emirates AE: GDP: Real 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: Real. 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The Gross Domestic Product per capita in the United Arab Emirates was last recorded at 42512.20 US dollars in 2024. The GDP per Capita in the United Arab Emirates is equivalent to 337 percent of the world's average. This dataset provides - United Arab Emirates GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United Arab Emirates AE: GDP: % of GDP: Final Consumption Expenditure data was reported at 47.231 % in 2017. This records a decrease from the previous number of 48.712 % for 2016. United Arab Emirates AE: GDP: % of GDP: Final Consumption Expenditure data is updated yearly, averaging 62.522 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 71.519 % in 2002 and a record low of 42.586 % in 2012. United Arab Emirates AE: GDP: % of GDP: Final Consumption Expenditure 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: Gross Domestic Product: Share of GDP. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The Gross Domestic Product (GDP) in the United Arab Emirates expanded 5 percent in the fourth 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 dataset showing UAE economic growth by year from 1970 to 2023.

The national debt of the United Arab Emirates was estimated at about 172.48 billion U.S. dollars in 2024. Between 1999 and 2024, the national debt rose by approximately 168.49 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around 55.56 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

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 **** percent. Meanwhile, the financial services and insurance sector and the transport and storage sector followed at **** and **** 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 ** percent renewables in the energy mix by 2050, the majority of which would likely stem from photovoltaic systems.

The United Arab Emirates: Gross Domestic Product, billions of U.S. dollars: The latest value from 2024 is 537.08 billion U.S. dollars, an increase from 514.13 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for the United Arab Emirates from 1970 to 2024 is 166.7 billion U.S. dollars. The minimum value, 0.69 billion U.S. dollars, was reached in 1970 while the maximum of 537.08 billion U.S. dollars was recorded in 2024.

In 2019, the construction sector accounted for the highest number of employed persons in the United Arab Emirates (UAE) at around **** million, followed by the wholesale and retail trade, repair of motor vehicles, motorcycles, and personal and household goods sector at around *** million.  The UAE economy  The UAE is one of the Middle East region’s largest economies. Its gross domestic product (GDP) was forecasted to reach around ** thousand U.S. dollars per capita in 2024. The service sector continued to account for the largest share of the GDP in 2019. Understanding the need to reduce reliance on revenues from petroleum and natural gas, the country has adopted plans to create a sustainable and diversified economy.  Housing sector future By 2022, the UAE was forecasted to have the second largest demand for housing units in the Gulf Cooperation Council. The growing construction of villas in the UAE has driven the growth of the smart homes market in recent years, which was also forecasted to continue growing by 2022.

United Arab Emirates AE: Goods Trade: % of GDP data was reported at 164.151 % in 2017. This records an increase from the previous number of 159.644 % for 2016. United Arab Emirates AE: Goods Trade: % of GDP data is updated yearly, averaging 82.923 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 164.151 % in 2017 and a record low of 50.266 % in 1986. United Arab Emirates AE: Goods Trade: % of GDP 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: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

GDP Constant Prices in the United Arab Emirates increased to 1776490.64 AED Million in 2024 from 1708298.57 AED Million in 2023. This dataset provides - United Arab Emirates GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Oil Real GDP Growth in Constant Prices for United Arab Emirates (ARENGDPORPCHPT) from 2000 to 2025 about United Arab Emirates, REO, oil, real, GDP, and rate.

GDP Growth Non Oil Sector in the United Arab Emirates increased to 6.20 percent in the fourth quarter of 2024 from 4.90 percent in the third quarter of 2024. This dataset includes a chart with historical data for the United Arab Emirates GDP Growth Non Oil Sector.

United Arab Emirates AE: GDP: % of GDP: Gross Value Added: Services data was reported at 46.856 % in 2017. This records a decrease from the previous number of 48.791 % for 2016. United Arab Emirates AE: GDP: % of GDP: Gross Value Added: Services data is updated yearly, averaging 43.730 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 57.796 % in 1998 and a record low of 25.464 % in 1975. United Arab Emirates AE: GDP: % of GDP: Gross Value Added: Services 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: Share of GDP. Services correspond to ISIC divisions 50-99 and they include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. 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 industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

United Arab Emirates AE: GDP: Real: per Capita data was reported at 151,296.602 AED in 2017. This records a decrease from the previous number of 152,223.955 AED for 2016. United Arab Emirates AE: GDP: Real: per Capita data is updated yearly, averaging 223,773.790 AED from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 417,497.285 AED in 1980 and a record low of 128,676.661 AED in 2010. United Arab Emirates AE: GDP: Real: per Capita 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: Real. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

The Gross Domestic Product per capita in the United Arab Emirates was last recorded at 68584.65 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in the United Arab Emirates, when adjusted by Purchasing Power Parity is equivalent to 386 percent of the world's average. This dataset provides - United Arab Emirates GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.