Page 546 - MOET ENGLISH PR REPORT - JUNE 2025

UAE GDP hits $484bn in 2024 with

strong non-oil growth as transport,

construction and finance lead surge

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

https://www.arabianbusiness.com.