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6/16/25, 9:23 AM UAE’s GDP reached AED1,776b in 2024 with 4% growth – The Gulf Time Newspaper

UAE’s GDP reached AED1,776b in 2024 with 4%
growth

ABU DHABI/ WAM

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 President, Prime Minister and

Ruler of Dubai, we continue to strengthen our national efforts to achieve the objectives of ‘We the
UAE 2031’ vision. With each milestone, we are moving closer to achieving the UAE’s target of raising GDP

to AED3 trillion by the next decade, while reinforcing its position as a global hub for the new economy,

driven by sustainable development, international competitiveness, and forward-looking leadership.”
Hanan Mansour Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, highlighted

that the 4 percent GDP growth in 2024 reflects the UAE’s exceptional economic performance, supported by

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