Economic Growth in UAE

The UAE economy recorded an average growth rate of 3.2% in the decade to 2022, above the 2.0% average for the Middle East & North Africa. In 2022, real GDP growth was 7.9%. For more GDP information, visit our dedicated page.


Note: This chart displays Economic Growth (GDP, annual variation in %) for UAE from 2013 to 2022.
Source: United Arab Emirates Federal Competitiveness & Statistics Authority.


2018 2019 2020 2021 2022
Economic Growth (GDP, ann. var. %) 1.3 1.1 -5.0 4.4 7.9
GDP (USD bn) 427 418 349 415 507
GDP (AED bn) 1,568 1,535 1,283 1,525 1,862
Economic Growth (Nominal GDP, ann. var. %) 9.4 -2.1 -16.4 18.8 22.1
Economic Growth (GDP non-Oil, ann. var. %) 0.1 2.7 -5.4 6.5 7.2
Economic Growth (GDP Oil, ann. var. %) 4.5 -2.6 -3.8 -1.1 9.5
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Emirati GDP projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Emirati GDP.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Emirati GDP projections.

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