The Gross Domestic Product (GDP) in the United Arab Emirates contracted 6.10 percent in 2020. source: National Bureau of Statistics, UAE

GDP Annual Growth Rate in the United Arab Emirates averaged 3.87 percent from 2000 until 2020, reaching an all time high of 9.80 percent in 2006 and a record low of -6.10 percent in 2020. 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 2021.

GDP Annual Growth Rate in the United Arab Emirates is expected to reach 3.50 percent by the end of 2021, 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 2.30 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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United Arab Emirates GDP Annual Growth Rate

United Arab Emirates Last Unit Reference Previous Highest Lowest
GDP Growth Rate 2.00 percent Dec/19 1.70 9.80 -5.20
GDP Annual Growth Rate -6.10 percent Dec/20 3.40 9.80 -6.10
GDP Constant Prices 1418875.32 AED Million Dec/20 1486260.86 1486260.86 652734.04
Gross Fixed Capital Formation 286073.90 AED Million Dec/20 270277.44 340110.84 100944.50

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.