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6/16/25, 9:25 AM UAE’s GDP reach AED 1,776 billion in 2024 with four per cent growth - Middle East Business News and Information - mid-east.info
UAE’s GDP reach AED 1,776 billion in 2024 with

four per cent growth

June 15, 2025

Non-oil sectors now account for 75,5 per cent of the national economy

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The UAE’s real gross domestic product (GDP) reached AED 1,776 billion in 2024, marking a 4
per cent increase compared to that of 2023. Non-oil GDP grew by 5 per cent, totaling AED

1,342 billion, while oil-related activities contributed AED 434 billion to the overall economy.

H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized 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 per cent of the UAE’s

GDP by the end of last year, H.E. emphasized 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.

H.E. said: “Under the leadership of H.H. Sheikh Mohamed bin Zayed Al Nahyan, President of the
UAE, and guidance from H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice‑President, Prime
Minister of the UAE, 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 AED 3 trillion by the next decade, while
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