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%.
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
---|---|---|---|---|---|---|---|---|---|
1980 | $ 41B 725M | $ 41,311.88 | $ 88,437.38 | $ 89B 322M | -1.78 % | 24.18 % | 44.32 % | 0 % | 1M 10K people |
1981 | $ 46B 461M | $ 42,237.28 | $ 96,016.45 | $ 105B 618M | 8.024 % | 23.166 % | 41.80 % | 0 % | 1M 100K people |
1982 | $ 43B 205M | $ 36,927.26 | $ 88,959.91 | $ 104B 83M | -7.188 % | 16.202 % | 36.48 % | 0 % | 1M 170K people |
1983 | $ 39B 588M | $ 32,717.48 | $ 84,695.02 | $ 102B 481M | -5.25 % | 13.284 % | 35.44 % | 0 % | 1M 210K people |
1984 | $ 39B 245M | $ 29,957.85 | $ 84,660.55 | $ 110B 905M | 4.451 % | 19.019 % | 39.43 % | 0 % | 1M 310K people |
1985 | $ 38B 519M | $ 27,912.52 | $ 80,816.79 | $ 111B 527M | -2.522 % | 17.949 % | 35.58 % | 0 % | 1M 380K people |
1986 | $ 30B 526M | $ 21,198.71 | $ 63,784.94 | $ 91B 850M | -19.269 % | 7.791 % | 29.09 % | 0 % | 1M 440K people |
1987 | $ 33B 519M | $ 22,345.79 | $ 66,079.19 | $ 99B 119M | 5.304 % | 11.094 % | 28.13 % | 0 % | 1M 500K people |
1988 | $ 34B 69M | $ 19,032.88 | $ 55,822.57 | $ 99B 922M | -2.623 % | 7.416 % | 25.67 % | 0 % | 1M 790K people |
1989 | $ 39B 325M | $ 21,142.45 | $ 64,611.70 | $ 120B 178M | 15.733 % | 10.003 % | 26.74 % | 0 % | 1M 860K people |
1990 | $ 50B 682M | $ 27,484.60 | $ 83,542.06 | $ 154B 52M | 23.562 % | 15.671 % | 38.04 % | 0 % | 1M 844K people |
1991 | $ 49B 300M | $ 25,577.03 | $ 84,424.10 | $ 162B 727M | 2.176 % | 2.755 % | 25.19 % | 5.448 % | 1M 928K people |
1992 | $ 51B 952M | $ 25,833.81 | $ 85,364.83 | $ 171B 669M | 3.144 % | 4.377 % | 29.43 % | 3.6 % | 2M 11K people |
1993 | $ 52B 144M | $ 25,033.01 | $ 84,588.64 | $ 176B 198M | 0.262 % | 5.842 % | 27.54 % | -2.87 % | 2M 83K people |
1994 | $ 57B 395M | $ 25,737.49 | $ 86,710.92 | $ 193B 365M | 7.449 % | 0.05 % | 27.70 % | -1.783 % | 2M 230K people |
1995 | $ 63B 432M | $ 26,309.30 | $ 87,310.32 | $ 210B 505M | 6.629 % | 0.17 % | 28 % | 3.586 % | 2M 411K people |
1996 | $ 72B 853M | $ 29,821.12 | $ 92,481.94 | $ 225B 933M | 5.399 % | 5.973 % | 31.83 % | 0.924 % | 2M 443K people |
1997 | $ 77B 167M | $ 29,909.65 | $ 96,712.97 | $ 249B 519M | 8.567 % | 11.26 % | 36.38 % | 6.712 % | 2M 580K people |
1998 | $ 75B 304M | $ 26,571.56 | $ 89,816 | $ 254B 539M | 0.878 % | 3.943 % | 30.19 % | 0.997 % | 2M 834K people |
1999 | $ 84B 420M | $ 27,833.67 | $ 88,370.27 | $ 268B 27M | 3.83 % | 6.448 % | 31.29 % | 1.307 % | 3M 33K people |