Economic Growth in UAE
The uae's economy recorded an average growth rate of 3.2% in the decade to 2023, compared to the 2.1% average for Middle East & North Africa. In 2023, real GDP growth was 3.6%. For more GDP information, visit our dedicated page.
UAE GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for UAE from 2013 to 2023.
Source: Macrobond.
UAE GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -5.0 | 4.4 | 7.5 | 3.6 | - |
| GDP (USD bn) | 357 | 422 | 511 | 523 | 552 |
| GDP (AED bn) | 1,312 | 1,551 | 1,878 | 1,919 | 2,028 |
| Economic Growth (Nominal GDP, ann. var. %) | -17.7 | 18.3 | 21.1 | 2.2 | 5.7 |
| Economic Growth (GDP non-Oil, ann. var. %) | -10.5 | 6.6 | 7.0 | 7.0 | 5.0 |
| Economic Growth (GDP Oil, ann. var. %) | -3.8 | -0.8 | 8.9 | -3.0 | 1.0 |
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 21 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.
Want to get access to the full dataset of Emirati GDP forecasts? Send an email to info@focus-economics.com.