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3/17/25, 2:34 PM UAE’s Economy Grew 3.8% In The First Nine Months Of 2024
UAE’s Economy Up 3.8% In The First Nine Months Of 2024
Fueled By Strong Growth In Non-Oil Sectors
By Joyce Abaño Forbes Middle East Staff Mar 05, 2025, 23:32 PM
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In the first nine months of 2024, various sectors in the UAE experienced notable growth. Image by CrownGo / Shutterstock
The UAE’s real gross domestic product (GDP) expanded by 3.8% in the first nine months of 2024 to
$359.9 billion (AED1.32 trillion), fueled by strong growth in non-oil sectors, data from the Federal
Competitiveness and Statistics Center showed.
Non-oil sectors
The country’s non-oil GDP was up 4.5%, contributing $268.7 billion (AED987 billion), highlighting
the success of its economic diversification efforts.
Non-oil activities accounted for 74.6% of the country’s overall real GDP, while the oil sector
contributed 25.4%.
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