UAE GDP reaches AED 1.776 trillion ($483.6 bn) in 2024 with 4% real growth
The UAE’s economy hit AED 1.776 trillion in 2024—a 4.0% increase year-over-year—anchored by a non-oil GDP rise of 5% to AED 1.342 trillion, while oil-related activities contributed AED 434 billion. This performance highlights the nation’s unwavering momentum under the “We the UAE 2031” vision, as policymakers steer toward a diversified, knowledge-based economy and prepare to hit a bold AED 3 trillion GDP target by next decade.
Sector-led expansion and future growth outlook
The transport & storage sector surged 9.6%—powered by airport traffic handling nearly 148 million passengers (+10%)—while construction grew 8.4%, and financial & insurance activities rose 7%; hospitality and real estate sectors delivered solid 5.7% and 4.8% growth, respectively. According to the Central Bank, the UAE is projected to maintain around 4% growth in 2025, climbing to 4.5% and 5.5% in 2026—driven primarily by continued non-oil diversification and strategic policies
