United Arab Emirates GDP Growth Rate (YoY)
United Arab Emirates' GDP grew by 5% year-on-year in Q4 2024, up from 4.3% in Q3 2024. This is the highest annual growth rate since Q4 2022. Growth was driven by the non-oil sector which expanded by 5% and made up 75.5% of GDP. The transport and storage sector increased by 9.6% and construction grew by 8.4%. Financial and insurance activities also saw 7% growth. United Arab Emirates's record low GDP annual growth rate was -9.1% in Q4 2020 and record high was 12.8% in Q4 2015.
Quarterly Historical Data (2014-2024)
(in %)United Arab Emirates GDP Growth Rate (YoY) : Definition
The United Arab Emirates' quarterly GDP annual growth rate measures the percentage change in the nation's total economic output, valued in UAE Dirhams, from one quarter to the same quarter in the previous year. This growth reflects changes in both oil and non-oil sectors such as tourism and real estate. The calculation compares the current quarter's GDP figure with the GDP figure from four quarters prior.