UAE's 2024 GDP sees 4% growth; non-oil sectors contribute 75%

Country's non-oil economy records a 5% increase as GDP hits Dh1.776 trillion

- BY JUSTIN VARGHESE

The UAE's real GDP grew by 4 per cent in 2024 to reach Dh1.776 trillion, with non-oil sectors contributing 75.5 per cent of the national economy — a clear sign that diversification efforts are accelerating, according to the latest figures released by the Federal Competitiveness and Statistics Centre (FCSC).

The non-oil economy recorded a 5 per cent growth to reach Dh1.342 trillion, while oil-related activities added Dh434 billion. The data underscores the UAE's shift toward a more sustainable, innovation-driven economic model, aligned with long-term national visions and global competitiveness goals.