Page 230 - MOE ENGLISH PR REPORT - DECEMBER 2024
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1/2/25, 5:45 PM UAE's GDP grows by 3.6 per cent in the first half of 2024
UAE's GDP grows by 3.6 per cent in the first half of
2024
> Bin Touq: The non-oil GDP grew by 4.4 per cent in the first half of 2024, paving the way for achieving the economic
goals outlined in ‘We the UAE 2031’ vision.
Non-oil economic activities recorded positive results in the first half of 2024, the most notable of which are:
Transport and storage activities have emerged as the fastest growing non-oil economic sectors in the UAE’s GDP,
achieving a growth rate of 8.4 per cent.
The financial activities and insurance sector ranked second, achieving a growth rate of 7.6 per cent, and contributes
12.5 per cent to the UAE’s non-oil GDP.
The construction and building activities ranked third with a growth rate of 7.3 per cent, while the Information and
Communication activities ranked fourth with a growth rate of 5.3 per cent.
Abu Dhabi, 30 December 2024: His Excellency Abdulla bin Touq Al Marri, Minister of Economy, has asserted that the
preliminary estimates of the UAE’s GDP in the first half of 2024, issued by the Federal Competitiveness and Statistics
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