The Gross Domestic Product in the United Arab Emirates expanded by 1.6 percent in the last quarter of 2019, boosted by both the oil sector (2.0 percent) and the non-oil sector (0.4 percent). For full 2019, the country's economy grew 2.0 percent, compared to a 1.7 percent expansion in 2018.

GDP Annual Growth Rate in the United Arab Emirates averaged 3.93 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020.

GDP Annual Growth Rate in the United Arab Emirates is expected to reach -3.50 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 Annual 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 Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 2.00 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 Annual Growth Rate
The biggest sector of United Arab Emirates’ economy is services, which accounts for 40 percent of GDP. Within services the most important segments are: wholesale and retail trade and repairs (12 percent of GDP); real estate and business services (9 percent) and transport, communication and warehousing (8 percent). Oil and natural gas exploitation create 38 percent of the wealth. Construction and electricity, water and gas distribution contribute for 13 percent of the output and manufacturing for 8 percent. Agriculture, cattle ranching and fishing account for the remaining 1 percent of GDP.