Page 519 - MOET ENGLISH PR REPORT - JUNE 2025

UAE economy grew 4% in 2024 to Dh1.78

trillion on non-oil boost

• Sunday, June 15, 2025, 12:59 PM

ABU DHABI, 15th June 2025 -- The UAE’s real gross domestic product (GDP) reached AED1,776
billion in 2024, marking a 4 percent increase compared to that of 2023.

Non-oil GDP grew by 5 percent, totalling AED1,342 billion, while oil-related activities contributed
AED434 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 percent 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.

Al Marri said, “Under the leadership of President His Highness Sheikh Mohamed bin Zayed Al
Nahyan, and guidance from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice

https://www.thenationalnews.com/business/economy/2025/06/15/uae-economy-2024-gdp/