United Arab Emirates's GDP changed from approximately $41B 725M in 1980 to $527B 796M in 2024, showing an overall 1164.9% sharply increased during the period.
The lowest GDP was recorded in 1986 at $30B 526M, and the highest in 2024 at $527B 796M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.9%.
For comparison, the average annual growth rate of Qatar was 8.5%, and that of Saudi Arabia was 4.4%.
United Arab Emirates GDP from 1980 to 2024
The total market value of goods and services produced annually in United Arab Emirates.
Overview of United Arab Emirates's GDP (1980–2024)
The Gross Domestic Product (GDP) of United Arab Emirates recorded a 1164.9% sharply increased from 1980 to 2024.
The average GDP during this period was $199B 499M, and the median was $109B 816M.
GDP fluctuated within a range of $497B 270M, with a standard deviation of $166B 252M.
The average annual change was $11B 909M.
Highest and Lowest GDP Records
- Lowest GDP: 1986, $30B 526M
- Highest GDP: 2024, $527B 796M
- Most Recent GDP: 2024, $527B 796M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and United Arab Emirates's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $417B 990M → $349B 473M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $257B 882M → $253B 547M
- Outcome: declined
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $102B 987M → $103B 312M
- Outcome: remained stable
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $77B 167M → $75B 304M
- Outcome: declined
Key Economic Indicators of United Arab Emirates (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -1.78 % | $ 41B 725M | $ 89B 322M | $ 41,311.88 | $ 88,437.38 | 44.32 % | 1M 10K people | 24.18 % | 0 % |
1981 | 8.024 % | $ 46B 461M | $ 105B 618M | $ 42,237.28 | $ 96,016.45 | 41.80 % | 1M 100K people | 23.166 % | 0 % |
1982 | -7.188 % | $ 43B 205M | $ 104B 83M | $ 36,927.26 | $ 88,959.91 | 36.48 % | 1M 170K people | 16.202 % | 0 % |
1983 | -5.25 % | $ 39B 588M | $ 102B 481M | $ 32,717.48 | $ 84,695.02 | 35.44 % | 1M 210K people | 13.284 % | 0 % |
1984 | 4.451 % | $ 39B 245M | $ 110B 905M | $ 29,957.85 | $ 84,660.55 | 39.43 % | 1M 310K people | 19.019 % | 0 % |
1985 | -2.522 % | $ 38B 519M | $ 111B 527M | $ 27,912.52 | $ 80,816.79 | 35.58 % | 1M 380K people | 17.949 % | 0 % |
1986 | -19.269 % | $ 30B 526M | $ 91B 850M | $ 21,198.71 | $ 63,784.94 | 29.09 % | 1M 440K people | 7.791 % | 0 % |
1987 | 5.304 % | $ 33B 519M | $ 99B 119M | $ 22,345.79 | $ 66,079.19 | 28.13 % | 1M 500K people | 11.094 % | 0 % |
1988 | -2.623 % | $ 34B 69M | $ 99B 922M | $ 19,032.88 | $ 55,822.57 | 25.67 % | 1M 790K people | 7.416 % | 0 % |
1989 | 15.733 % | $ 39B 325M | $ 120B 178M | $ 21,142.45 | $ 64,611.70 | 26.74 % | 1M 860K people | 10.003 % | 0 % |
1990 | 23.562 % | $ 50B 682M | $ 154B 52M | $ 27,484.60 | $ 83,542.06 | 38.04 % | 1M 844K people | 15.671 % | 0 % |
1991 | 2.176 % | $ 49B 300M | $ 162B 727M | $ 25,577.03 | $ 84,424.10 | 25.19 % | 1M 928K people | 2.755 % | 5.448 % |
1992 | 3.144 % | $ 51B 952M | $ 171B 669M | $ 25,833.81 | $ 85,364.83 | 29.43 % | 2M 11K people | 4.377 % | 3.6 % |
1993 | 0.262 % | $ 52B 144M | $ 176B 198M | $ 25,033.01 | $ 84,588.64 | 27.54 % | 2M 83K people | 5.842 % | -2.87 % |
1994 | 7.449 % | $ 57B 395M | $ 193B 365M | $ 25,737.49 | $ 86,710.92 | 27.70 % | 2M 230K people | 0.05 % | -1.783 % |
1995 | 6.629 % | $ 63B 432M | $ 210B 505M | $ 26,309.30 | $ 87,310.32 | 28 % | 2M 411K people | 0.17 % | 3.586 % |
1996 | 5.399 % | $ 72B 853M | $ 225B 933M | $ 29,821.12 | $ 92,481.94 | 31.83 % | 2M 443K people | 5.973 % | 0.924 % |
1997 | 8.567 % | $ 77B 167M | $ 249B 519M | $ 29,909.65 | $ 96,712.97 | 36.38 % | 2M 580K people | 11.26 % | 6.712 % |
1998 | 0.878 % | $ 75B 304M | $ 254B 539M | $ 26,571.56 | $ 89,816 | 30.19 % | 2M 834K people | 3.943 % | 0.997 % |
1999 | 3.83 % | $ 84B 420M | $ 268B 27M | $ 27,833.67 | $ 88,370.27 | 31.29 % | 3M 33K people | 6.448 % | 1.307 % |