The Gross Domestic Product (GDP) in the United Arab Emirates expanded 2 percent in 2019 from the previous year.

GDP Growth Rate in the United Arab Emirates averaged 4.23 percent from 2000 until 2019, reaching an all time high of 9.80 percent in 2006 and a record low of -5.20 percent in 2009. This page provides - United Arab Emirates GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates GDP Growth Rate - values, historical data and charts - was last updated on September of 2020.

GDP Growth Rate in the United Arab Emirates is expected to reach 2.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates GDP Growth Rate is projected to trend around 3.00 percent in 2021, according to our econometric models.

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United Arab Emirates GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.70 9.80 -5.20 2000 - 2019 percent Yearly
constant 2010 prices

United Arab Emirates GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.60 2.00 9.80 -5.20 percent [+]
GDP 421.14 422.22 422.22 2.85 USD Billion [+]
GDP Constant Prices 1486260.86 1442462.67 1486260.86 652734.04 AED Million [+]
Gross Fixed Capital Formation 270277.44 288261.59 340110.84 100944.50 AED Million [+]
GDP per capita 41420.50 41327.40 116232.80 33893.30 USD [+]
GDP per capita PPP 67119.10 66676.00 112349.60 55363.00 USD [+]

United Arab Emirates GDP Growth Rate
United Arab Emirates is one of the most developed countries in the Arab Gulf and has high value of GDP per capita. The country still has a commodity-based economy, with shipments of oil and natural gas accounting for 40 percent of total exports and for 38 percent of GDP. Yet, in order to diversify the economy and reduce the dependence on oil revenues, UAE has been making huge investments in the tourism, financial and construction sectors. In 2012, manufacturing activity accounted for 42% of output growth, transport/communication for 23%, wholesale/retail trade for 16.5% and restaurants/hotels for 15.5% while construction and agriculture contracted.