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 17 percent. The wholesale and retail trade industries followed closely at approximately 13.6 percent. Conventional versus renewable energy In the United Arab Emirates, extractive industries have long been the backbone of the domestic economy, contributing over 217 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 30 percent of renewable energy by 2030, while the UAE Strategy 2050 further targets a contribution of 50 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.

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 June of 2025.

United Arab Emirates AE: Gross National Income: Linked Series data was reported at 1,848,199.706 AED mn in 2023. This records a decrease from the previous number of 1,853,050.924 AED mn for 2022. United Arab Emirates AE: Gross National Income: Linked Series data is updated yearly, averaging 886,938.000 AED mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 1,853,050.924 AED mn in 2022 and a record low of 194,809.944 AED mn in 1991. United Arab Emirates AE: Gross National Income: Linked Series 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: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

The average share of GDP generated from oil rents in the United Arab Emirates increased by 5.2 percentage points (+49.57 percent) in 2021. In total, the average share amounted to 15.67 percent in 2021. This increase was preceded by a declining average share.Oil rents are estimated from the difference between the value of crude oil production at regional prices and the total costs of production. Values are expressed as a share of gross domestic product.Find more key insights for the average share of GDP generated from oil rents in countries like Bahrain and Saudi Arabia.

Bank noninterest income to total income (%) in United Arab Emirates was reported at 46.49 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Bank noninterest income to total income - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In 2025, the gross domestic product (GDP) per capita in the United Arab Emirates stands at approximately 49.50 thousand U.S. dollars.Fluctuating rise between 1980 and 2025Between 1980 and 2025 a total increase by approximately 8.19 thousand U.S. dollars can be observed. This increase however did not happen continuously.Continuous rise between 2025 and 2030The GDP per capita will lie at roughly 64.23 thousand U.S. dollars in 2030, according to forecasts. This indicates an overall increase by approximately 14.73 thousand U.S. dollars since 2025. This growth reflects a steady upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

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.

The here depicted gross domestic product (GDP) in current prices in the United Arab Emirates amounts to approximately 548.60 billion U.S. dollars in 2025.Fluctuating rise between 1980 and 2025Between 1980 and 2025 a total increase by approximately 506.87 billion U.S. dollars can be observed. The data emphasizes however that this increase did not happen continuously.Continuous rise between 2025 and 2030The GDP will stand at close to 736.81 billion U.S. dollars in 2030, according to forecasts. Compared to 2025 this is an overall increase by approximately 188.21 billion U.S. dollars. This growth reflects a steady 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.

Net primary income (Net income from abroad) (current US$) in United Arab Emirates was reported at 3839346494 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Net income from abroad - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

United Arab Emirates AE: GDP: 2010 Price: USD: Adjusted Net National Income data was reported at 321.412 USD bn in 2016. This records a decrease from the previous number of 330.114 USD bn for 2015. United Arab Emirates AE: GDP: 2010 Price: USD: Adjusted Net National Income data is updated yearly, averaging 282.250 USD bn from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 360.222 USD bn in 2014 and a record low of 187.576 USD bn in 2002. United Arab Emirates AE: GDP: 2010 Price: USD: Adjusted Net National Income 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: Real. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Gap-filled total;

United Arab Emirates AE: Adjusted Net National Income per Capita: USD: 2015 Price data was reported at 34,039.558 USD in 2020. This records a decrease from the previous number of 40,195.327 USD for 2019. United Arab Emirates AE: Adjusted Net National Income per Capita: USD: 2015 Price data is updated yearly, averaging 45,121.794 USD from Dec 2001 (Median) to 2020, with 20 observations. The data reached an all-time high of 55,744.307 USD in 2006 and a record low of 34,039.558 USD in 2020. United Arab Emirates AE: Adjusted Net National Income per Capita: USD: 2015 Price 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: Real. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;Weighted average;

In 2019, the contribution of the real estate sector to the gross domestic product (GDP) of the emirate of Abu Dhabi reached around 38.4 billion United Arab Emirates dirhams (AED), down from around 47 billion AED in 2017. The total estimated GDP of the emirate for that year was about 915 billion dirhams.

 The economy of Abu Dhabi 

The UAE is a federation comprising of seven emirates, the largest of which is Abu Dhabi. It makes up around three-quarters of the country’s total land area and is the center of the oil industry. By 2030, the emirate of Abu Dhabi was forecasted to have a population size of around 1.6 million people. The country has been diversifying its economy to shift away from its reliance on the hydrocarbons sector. Following the same strategy, the Abu Dhabi government has adopted transformative steps to achieve a knowledge-based economy, making the emirate an attractive business environment. Moreover, Abu Dhabi’s strategic geographic location, highly developed infrastructure, in addition to access to energy sources have contributed to its integrated business environment. The market capitalization of the emirate in 2019 was almost double its value in 2010.

 The future of the real estate market  

The real estate sector has been one of the driving forces of the UAE’s economic growth over the past two decades. The total number of real estate enterprises in Abu Dhabi reached 880 in 2017. However, the market conditions have been slowing down recently, with COVID-19 adding further instability. The UAE and Abu Dhabi authorities have taken initiatives aiming to support the economic recovery of the emirate for 2021.

This map shows the purchasing power per capita in United Arab Emirates in 2020, in a multiscale map (Country, Emirate, and Region). Nationally, the purchasing power per capita is 64,346 UAE Dirham. Purchasing Power describes the disposable income (income without taxes and social security contributions, including received transfer payments) of a certain area's population. The figures are in UAE Dirham (AED) per capita.The pop-up is configured to show the following information at each geography level:Purchasing power per capitaThe source of this data is Michael Bauer Research. The vintage of the data is 2020.Additional Esri Resources:Esri DemographicsPermitted use of this data is covered in the DATA section of the Esri Master Agreement (E204CW) and these supplemental terms.

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 22.7 percent. Meanwhile, the financial services and insurance sector and the transport and storage sector followed at 11.9 and 11.7 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 50 percent renewables in the energy mix by 2050, the majority of which would likely stem from photovoltaic systems.

UAE Life & Annuity Insurance Market size was valued to be USD 14 Billion in the year 2023 and it is expected to reach USD 22 Billion in 2031, at a CAGR of 7.4% from of 2024 to 2031.

UAE Life & Annuity Insurance Market: Definition/ Overview

Life and annuity insurance products provide financial security and income to policyholders or their beneficiaries in the event of the insured's death or after a predetermined length of time. Life insurance provides a death payout, whereas annuity insurance provides a steady source of income during retirement. These products are essential for financial planning, providing protection and peace of mind for families and individuals. The basic purpose of life and annuity insurance is to protect against financial loss resulting from death or to provide retirement income.

Adjusted net national income per capita (annual % growth) in United Arab Emirates was reported at --15.31 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

For the 70 percent of the world's poor who live in rural areas, agriculture is the main source of income and employment. But depletion and degradation of land and water pose serious challenges to producing enough food and other agricultural products to sustain livelihoods here and meet the needs of urban populations. Data presented here include measures of agricultural inputs, outputs, and productivity compiled by the UN's Food and Agriculture Organization.

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.

The United Arab Emirates Protective Coatings Market is Segmented by End-user Industry (Oil and Gas, Mining, Power, Infrastructure, and Other End-user Industries), Technology (Solvent-borne, Waterborne, Powder, and UV-Cured), Resin Type (Acrylic, Epoxy, Alkyd, Polyurethane, Polyester, Others). The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

Adjusted net national income (current US$) in United Arab Emirates was reported at 318727473454 USD in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Arab Emirates - Adjusted net national income - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.