UAE's GDP is Dhs1,776 billion in 2024 with 4 per cent growth

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The UAE's real gross domestic product (GDP) reached Dhs1,776 billion in 2024, marking a 4 per cent increase compared to that of 2023.

Non-oil GDP grew by 5 per cent, totalling Dhs1,342 billion, while oil-related activities contributed Dhs434 billion to the overall economy.

Abdulla Bin Touq Al Marri, Minister of Economy, emphasised that the latest GDP figures released by the Federal Competitiveness and Statistics Centre (FCSC) reflect a renewed and positive momentum in the national economy. They further underscore the new milestones achieved by the UAE in economic diversification and competitiveness, guided by the vision and directives of its wise leadership.

With non-oil sectors accounting for 75.5 per cent of the UAE's GDP by the end of last year, Al Marri emphasised that these indicators reflect the sustained success of the nation’s economic strategies, which are driving the transition toward an innovative, knowledge-based, and sustainable economic model aligned with global trends and emerging technologies.