UAE economic growth for 2023 was 514.13 billion US dollars, a 2.27% increase from 2022.

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<li>UAE economic growth for 2022 was <strong>502.73 billion US dollars</strong>, a <strong>21.09% increase</strong> from 2021.</li>
<li>UAE economic growth for 2021 was <strong>415.18 billion US dollars</strong>, a <strong>18.8% increase</strong> from 2020.</li>
<li>UAE economic growth for 2020 was <strong>349.47 billion US dollars</strong>, a <strong>16.39% decline</strong> from 2019.</li>
</ul>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 current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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.

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 real gross domestic product growth in the United Arab Emirates in 2020 following the COVID-19 pandemic was minus **** percent with an expected growth of *** percent in 2022. Among the Middle East and North Africa (MENA) region, Oman had the highest expected real GDP growth rate in 2022 at *** percent.

Full Year GDP Growth in the United Arab Emirates increased to 4 percent in 2024 from 3.60 percent in 2023. This dataset includes a chart with historical data for the United Arab Emirates Full Year GDP Growth.

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

Key information about United Arab Emirates Nominal GDP Growth

• United Arab Emirates Nominal GDP Growth was reported at 6.940 % in Jun 2024.
• This records an increase from the previous number of 4.149 % for Mar 2024.
• United Arab Emirates Nominal GDP Growth data is updated quarterly, averaging 3.834 % from Mar 2013 to Jun 2024, with 46 observations.
• The data reached an all-time high of 28.486 % in Dec 2021 and a record low of -24.669 % in Jun 2020.
• United Arab Emirates Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly.

United Arab Emirates AE: GDP: Growth: Final Consumption Expenditure: Household data was reported at -1.311 % in 2017. This records a decrease from the previous number of 1.633 % for 2016. United Arab Emirates AE: GDP: Growth: Final Consumption Expenditure: Household data is updated yearly, averaging 2.332 % from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 15.246 % in 2006 and a record low of -28.012 % in 2009. United Arab Emirates AE: GDP: Growth: Final Consumption Expenditure: Household 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: Annual Growth Rate. Annual percentage growth of household final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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

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 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.

United Arab Emirates AE: GDP: Growth data was reported at 0.790 % in 2017. This records a decrease from the previous number of 2.988 % for 2016. United Arab Emirates AE: GDP: Growth data is updated yearly, averaging 4.208 % from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 23.875 % in 1980 and a record low of -14.958 % in 1986. United Arab Emirates AE: GDP: Growth 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: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

United Arab Emirates AE: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at -2.681 % in 2017. This records a decrease from the previous number of 0.369 % for 2016. United Arab Emirates AE: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging -2.641 % from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 11.520 % in 2014 and a record low of -35.263 % in 2009. United Arab Emirates AE: GDP: Growth: Household Final Consumption Expenditure 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: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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

Key information about United Arab Emirates Domestic Credit Growth

• United Arab Emirates Domestic Credit increased 8.3 % YoY in Oct 2024, compared with an increase of 6.9 % YoY in the previous month
• United Arab Emirates Domestic Credit Growth YoY data is updated monthly
• It averaged 8.7 %, available from Jan 1976 to Oct 2024
• The data reached an all-time high of 1,932.7 % in Aug 1977 and a record low of -908.7 % in Jan 1976

• In the latest reports, United Arab Emirates Domestic Credit reached 440.1 USD bn in Oct 2024
• Money Supply M2 in United Arab Emirates increased to 618.3 USD bn YoY in Oct 2024
• United Arab Emirates Foreign Exchange Reserves was measured at 215.3 USD bn in Oct 2024
• The Foreign Exchange Reserves equaled 5.7 Months of Import in Sep 2024
• The country's Non Performing Loans Ratio stood at 5.0 % in Mar 2024, compared with the ratio of 5.3 % in the previous quarter
• Household Debt of United Arab Emirates reached 106.2 % in Dec 2021, accounting for 106.2 % of the country's Nominal GDP

UAE ICT Market is Segmented by Type (IT Hardware, IT Software, IT Services, IT Infrastructure, IT Security/Cybsercurity [Solutions, Services], Communication Services), by Enterprise Size (Small and Medium Enterprises, Large Enterprises), by Industry Vertical (BFSI, IT and Telecom, and More), and by Deployment (On-Premise, Cloud). The Market Forecasts are Provided in Terms of Value (USD).

The gross domestic product (GDP) growth in the United Arab Emirates (UAE) in 2022 was forecasted to be 2.6 percent. In 2020 following the COVID-19 pandemic, the country's GDP was expected to fall by 5.9 percent.

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.

The forecasted gross domestic product growth in the United Arab Emirates for 2021 was *** percent. The forecasted gross domestic product growth for 2020 was estimated to be minus *** percent following the COVID-19 pandemic.