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United Arab Emirates GDP

The United Arab Emirates' GDP rose to $537.08 billion in 2024, up from $514.13 billion in 2023, according to World Bank. This represents an increase of 4.5% ($22.95 billion) from the previous year and accounts for 0.48% of the world's total GDP. The United Arab Emirates has GDP higher than the global median ($537.08 billion vs median $35.85 billion). Compared with the median in Asia, the United Arab Emirates is higher ($537.08 billion vs regional median $98.96 billion) and ranks 9th out of 47 countries in Asia.

The United Arab Emirates' GDP per capita was $42,512.2 in 2024, unchanged from 2023.

Yearly Historical Data (1970-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 537.08
2023 514.13
2022 502.73
2021 415.18
2020 349.47
2019 417.99
2018 427.05
2017 390.52
2016 369.26
2015 370.28
2014 414.11
2013 400.22
2012 384.61
2011 360.83
2010 300.19
2009 253.55
2008 315.47
2007 257.92
2006 222.12
2005 180.62
2004 147.82
2003 124.35
2002 109.82
2001 103.31
2000 104.34
1999 84.45
1998 75.67
1997 78.84
1996 73.57
1995 65.74
1994 59.31
1993 55.63
1992 54.24
1991 51.55
1990 50.7
1989 41.46
1988 36.28
1987 36.38
1986 33.94
1985 40.6
1984 41.81
1983 42.8
1982 46.62
1981 49.33
1980 43.6
1979 31.23
1978 23.78
1977 24.87
1976 19.21
1975 14.72
1974 11.65
1973 4.23
1972 1.42
1971 0.94
1970 0.69
United Arab Emirates GDP : Definition
GDP measures the total value of all goods and services produced in United Arab Emirates, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 3.76% 3.62% 2024
GDP Growth Rate (YoY) 5% 4.3% Dec'24
GDP per Capita $42,512.2 $42,507.79 2024
GDP per Capita PPP $68,584.65 $68,577.54 2024
R&D Expenditure (% GDP) 1.49% 1.49% 2021
Real GDP $462.4B $445.64B 2024