Abu Dhabi GDP shows significant annual economic growth in 2024

The Statistics Centre - Abu Dhabi (SCAD) has released preliminary statistical estimates for Abu Dhabi’s Gross Domestic Product (GDP) for 2024, indicating significant annual economic growth driven by the thriving non-oil sector.

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The 2024 GDP data highlights Abu Dhabi’s sustained economic momentum, with total GDP and non-oil GDP reaching record values for the third consecutive year.

The emirate’s real GDP expanded by 3.8 per cent in 2024 compared to 2023, reaching an all-time high value of Dhsl.2 trillion, driven by the non-oil economy, which recorded a strong growth rate of 9.1 per cent, marking its highest annual contribution of 54.7 per cent to total GDP. This underscores Abu Dhabi’s continued success in implementing economic diversification strategies towards a sustainable, long-term growth.

There non-oil sector achieved the highest pace of economic momentum, with total non-oil GDP added value reachingDh664.3 billion, setting a record for the third consecutive year.

Key sectors including manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, reflecting the emirate’s commitment to industrial development, infrastructure investment, and human capital enhancement.