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6/16/25, 9:26 AM UAE’s GDP reached AED1,776 billion in 2024 with 4% growth – UAE BARQ

UAE’s GDP reached AED1,776 billion in 2024 with

4% growth

17 hours ago News

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

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