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The UAE's economy is the 4th largest in the Middle East (after Turkey, Saudi Arabia and Israel), with a gross domestic product (GDP) of US$415 billion (AED 1.83 trillion) in 2021-2023. [5] The UAE economy is heavily reliant on revenues from petroleum and natural gas, especially in Abu Dhabi.
GDP (current US$) - United Arab Emirates. World Bank national accounts data, and OECD National Accounts data files. License : CC BY-4.0. Line Bar Map. Label.
Want to get insight on the economic outlook for UAE in the coming years? FocusEconomics collects projections out to 2034 on 51 economic indicators for UAE from a panel of 22 analysts at the leading national, regional and global forecast institutions.
The World Bank recently projected the UAE’s GDP growth at 3.3 per cent in 2024, increasing to 4.1 per cent in 2025. According to the report, the UAE’s current account surplus is expected to ...
ABU DHABI, 30th June, 2024 (WAM) – The UAE economy is set for more growth in the second half of this year, achieving qualitative leaps and exceptional accomplishments thanks to a stable investment and economic environment capable of continuing to prosper despite global economic uncertainties.The exp
The UAE's economy. Strategic location, strong financial reserves, large sovereign wealth fund, promising investor home economies, consistent government spending, progressive policy of economic diversification, free zones and increased foreign direct investment contribute to the UAE’s robust economy. Features of the UAE's solid economy.
Some of the features of the UAE's solid economy are a strategic location, strong financial reserves, large sovereign wealth fund, consistent government spending on infrastructure, progressive economic policies and increased foreign direct investment (FDI).