[ Nominal GDP in billions of USD ]
Year -
$552.33 billions
United Arab Emirates GDP expanded from 1970 to 2024, increasing from $0.69 billion to $552.33 billion.The compound annual growth rate (CAGR) averaged 13.18% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 31.2%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 552.33 Billions | $ 870.44 Int Billions |
| Growth (YoY) | 5.683% | 6.506% |
| Net Change vs Previous Year | $ 29.70 Billion | $ 53.18 Int Billion |
| % of World GDP | 0.50% | 0.44% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | - | - | - | - | - | - |
| 1961 | - | - | - | - | - | - |
| 1962 | - | - | - | - | - | - |
| 1963 | - | - | - | - | - | - |
| 1964 | - | - | - | - | - | - |
| 1965 | - | - | - | - | - | - |
| 1966 | - | - | - | - | - | - |
| 1967 | - | - | - | - | - | - |
| 1968 | - | - | - | - | - | - |
| 1969 | - | - | - | - | - | - |
| 1970 | 0.69 | - | - | - | - | - |
| 1971 | 0.94 | 0.25 | 37.013 % | - | - | - |
| 1972 | 1.42 | 0.48 | 50.558 % | - | - | - |
| 1973 | 4.23 | 2.82 | 199.009 % | - | - | - |
| 1974 | 11.65 | 7.42 | 175.368 % | - | - | - |
| 1975 | 14.72 | 3.07 | 26.342 % | - | - | - |
| 1976 | 19.21 | 4.49 | 30.518 % | - | - | - |
| 1977 | 24.87 | 5.66 | 29.452 % | - | - | - |
| 1978 | 23.78 | -1.1 | -4.407 % | - | - | - |
| 1979 | 31.23 | 7.45 | 31.334 % | - | - | - |
| 1980 | 43.6 | 12.37 | 39.626 % | - | - | - |
| 1981 | 49.33 | 5.73 | 13.152 % | - | - | - |
| 1982 | 46.62 | -2.71 | -5.495 % | - | - | - |
| 1983 | 42.8 | -3.82 | -8.192 % | - | - | - |
| 1984 | 41.81 | -1 | -2.325 % | - | - | - |
| 1985 | 40.6 | -1.2 | -2.881 % | - | - | - |
| 1986 | 33.94 | -6.66 | -16.403 % | - | - | - |
| 1987 | 36.38 | 2.44 | 7.192 % | - | - | - |
| 1988 | 36.28 | -0.11 | -0.3 % | - | - | - |
| 1989 | 41.46 | 5.19 | 14.305 % | - | - | - |
| 1990 | 50.7 | 9.24 | 22.275 % | 167.91 | - | - |
| 1991 | 51.55 | 0.85 | 1.678 % | 175.08 | 7.17 | 4.271 % |
| 1992 | 54.24 | 2.69 | 5.212 % | 185.06 | 9.98 | 5.7 % |
| 1993 | 55.63 | 1.39 | 2.555 % | 191.83 | 6.78 | 3.662 % |
| 1994 | 59.31 | 3.68 | 6.616 % | 209.44 | 17.61 | 9.178 % |
| 1995 | 65.74 | 6.44 | 10.857 % | 228.13 | 18.69 | 8.925 % |
| 1996 | 73.57 | 7.83 | 11.906 % | 245.78 | 17.65 | 7.735 % |
| 1997 | 78.84 | 5.27 | 7.16 % | 270.5 | 24.72 | 10.056 % |
| 1998 | 75.67 | -3.16 | -4.014 % | 274.34 | 3.84 | 1.419 % |
| 1999 | 84.45 | 8.77 | 11.591 % | 286.29 | 11.96 | 4.359 % |
| 2000 | 104.34 | 19.89 | 23.555 % | 324.55 | 38.26 | 13.364 % |
| 2001 | 103.31 | -1.03 | -0.982 % | 336.5 | 11.95 | 3.682 % |
| 2002 | 109.82 | 6.5 | 6.295 % | 350.05 | 13.55 | 4.025 % |
| 2003 | 124.35 | 14.53 | 13.231 % | 388.37 | 38.33 | 10.949 % |
| 2004 | 147.82 | 23.48 | 18.881 % | 436.97 | 48.6 | 12.513 % |
| 2005 | 180.62 | 32.79 | 22.184 % | 472.55 | 35.58 | 8.143 % |
| 2006 | 222.12 | 41.5 | 22.977 % | 535.04 | 62.49 | 13.224 % |
| 2007 | 257.92 | 35.8 | 16.117 % | 567.04 | 32 | 5.98 % |
| 2008 | 315.48 | 57.56 | 22.317 % | 596.41 | 29.37 | 5.18 % |
| 2009 | 253.55 | -61.93 | -19.63 % | 568.63 | -27.78 | -4.658 % |
| 2010 | 307.74 | 54.19 | 21.372 % | 584.76 | 16.14 | 2.838 % |
| 2011 | 368.88 | 61.15 | 19.869 % | 637.03 | 52.27 | 8.939 % |
| 2012 | 392.79 | 23.91 | 6.482 % | 659.3 | 22.27 | 3.496 % |
| 2013 | 409.63 | 16.84 | 4.287 % | 673.34 | 14.04 | 2.13 % |
| 2014 | 424.94 | 15.3 | 3.736 % | 705.02 | 31.68 | 4.705 % |
| 2015 | 381.97 | -42.96 | -10.11 % | 629.27 | -75.75 | -10.745 % |
| 2016 | 381.72 | -0.26 | -0.067 % | 625.34 | -3.93 | -0.624 % |
| 2017 | 403.37 | 21.65 | 5.671 % | 648.23 | 22.89 | 3.66 % |
| 2018 | 440.56 | 37.2 | 9.221 % | 723.87 | 75.64 | 11.669 % |
| 2019 | 433.93 | -6.63 | -1.506 % | 753.93 | 30.06 | 4.153 % |
| 2020 | 357.16 | -76.76 | -17.691 % | 627.9 | -126.03 | -16.716 % |
| 2021 | 422.44 | 65.28 | 18.277 % | 656.67 | 28.76 | 4.581 % |
| 2022 | 511.4 | 88.96 | 21.059 % | 756.35 | 99.68 | 15.18 % |
| 2023 | 522.62 | 11.22 | 2.194 % | 817.26 | 60.92 | 8.054 % |
| 2024 | 552.33 | 29.7 | 5.683 % | 870.44 | 53.18 | 6.506 % |
Between 1970 to 2024, United Arab Emirates experienced the following economic phases:
The most remarkable growth occurred in 1973 with an increase of 199.009%, while the largest decline was in 2009 at -19.63%.