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3/17/25, 2:34 PM UAE’s real GDP grows 3.8 percent in 9M 2024, non-oil sector's contributions hit 74.6 percent
UAE’s real GDP grows 3.8 percent in 9M 2024, non-oil sector’s contributions hit 74.6 percent
Growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to
AED987 billion

The contribution of non-oil activities to real GDP reached 74.6 percent, while oil-related activities contributed 25.4 percent
Published: Wed 5 Mar 2025, 7:04 PM
The Federal Competitiveness and Statistics Center announced today that the UAE’s real GDP posted
a significant growth of 3.8 percent during the first nine months of 2024, reaching AED1.322 trillion.
This growth was driven by a strong expansion in non-oil sectors, which grew by 4.5 percent to
AED987 billion, reflecting the success of the country’s economic diversification strategy.
The contribution of non-oil activities to real GDP reached 74.6 percent, highlighting the increasing
role of these sectors in supporting economic growth, while oil-related activities contributed 25.4
percent.
Nominal GDP grows 6 percent to AED 1.48 trillion
Meanwhile, the UAE’s nominal GDP reached AED 1.48 trillion during the same period, recording
an annual growth of 6 percent. The value of non-oil GDP, at current prices, amounted to AED 1.136
trillion, registering a growth rate of 6.6 percent. Non-oil activities contributed 76.5 percent to the
UAE’s nominal GDP, while the contribution of oil activities reached 23.5 percent.
Commenting on the nation’s strong economic growth, Abdullah bin Touq Al Marri, Minister of
Economy, emphasized that the continuous growth of the national economy reaffirms the success of
the UAE’s economic policies and strategies aimed at enhancing economic diversification,
facilitating business activities and promoting the expansion of new economy sectors as a key driver
for sustainable economic and social development.

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