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1/2/25, 5:47 PM UAE's GDP grows 3.6% in H1 2024 - HIT 96.7 - The leading Malayalam FM radio station in the UAE

UAE'S GDP GROWS 3.6% IN H1 2024

News Home More from Business News Monday, 30 December 2024 14:04

By ARN News Staff

file
The UAE's GDP reached AED 879.6 billion in the first half of 2024, recording a 3.6 per cent increase,
according to the Federal Competitiveness and Statistics Centre.

The Minister of Economy, Abdulla bin Touq Al Marri, said the value of the non-oil GDP in the first half of the year was

approximately AED 660 billion, with a growth of 4.4 per cent, compared to the same period last year. With this, the
contribution of non-oil sectors to the country's GDP has reached 75 per cent.

The estimates also indicated that the UAE's nominal GDP (at current prices) during the first half of 2024 reached
approximately AED 981 billion, registering a growth rate of 5.6 per cent. Meanwhile, the value of non-oil GDP at
current prices during the same period rose to about AED 749 billion, with a growth rate reaching 6.8 per cent,

compared to the first half of 2023.

Bin Touq said, "The achievements highlight the visionary leadership of President His Highness Sheikh Mohamed bin
Zayed Al Nahyan, and strategic guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice
President, Prime Minister and Ruler of Dubai. The UAE has successfully laid the foundation for a sustainable,

diversified economy driven by innovation and knowledge, aligning with global trends while maintaining its position as
a premier economic hub regionally and internationally.

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