the UAE economy Continues upward trajectory, with real gross domestic product (GDP) reached AED1.776TN ($ 483.5bn) in 2024.
It represents a 4 percent year-of-year increase, according to official data released by Federal Competitiveness and FCSC).
Especially, non-Oil GDP repeated 5 percent of AED1.342TN ($ 365.3bn), while oil-related activities contribute AED434BN ($ 118.2bn) to overall output.
This show promotes speeding up UAE transfer to a variety, lasting, and economic led.
UAE GDP Growth
Non-oil activities now represent 75.5 percent of UAE’s total GDP to be an indicator of growing economic strength and diversification.
Abdulla Bin Toq in Marri, Minister of Economysaid: “We will continue to strengthen our national efforts to meet the goals of the UAE’s progress, which progresses the development of the UAE, in progress in the development of the AEDIE, in progress in the UAE A cliff on the development of the UAE, on each cliff on the development of the UAE, on the development of the UAE, with the development of the GDP development of the GDP progress in the development of the GDP progress in UAE.
The transport and storage sector records the maximum annual growth of all economic activities, which extends 9.6 percent. This is burned by an aviation activity, with UAE airports processing over 147.8m passengers in 2024 – an increase in approximately 10 percent of the approximately 10 percent of the 10 percent of the approximately 10 percent of the approximately 10 percent of 10 percentage years.
The sector of the building and construction followed by a strong 8.4 percent growth, showing continuous investment in the country of city development and infrastructure.
Financial and insurance activities climbed 7 percent, while hotels and restaurants (hospitality sector) grown by 5.7 percent. The real estate sector is also made strong, with a 4.8 percent expansion.
Among the best non-oil contributors of 2024:
- Trado: 16.8 percent of non-Oil GDP
- Manufacture: 13.5 percent
- Financial and insurance: 13.2 percent
- Build and Build: 11.7 percent
- Real Estate: 7.8 percent
Hanan Mansol Ahli, Managing Director of the Federal Competitiveness and Statistics Center, said 44 views of the UAE studied studied studied studied studied studied.
Hanan Ahli said the guidance and look forward to UAE leadership focuses on building a model of economic and globally competition.
Economic variation has been adopted not only a strategic purpose but as well as a principal surgery, drives prolonged development and development of social life.
