Gross Domestic Product — Value Standard Local Currency in United Arab Emirates
United Arab Emirates: Gross Domestic Product — Value Standard Local Currency was 1.97 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in United Arab Emirates, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in United Arab Emirates is 1.97 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 29.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in United Arab Emirates peaked at 1.97 million million SLC in 2024 and was at its lowest, 5,082 million SLC, in 1970.
That places United Arab Emirates 89th out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in United Arab Emirates, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,082 million SLC | — |
| 1971 | 6,943 million SLC | +36.6% |
| 1972 | 9,656 million SLC | +39.1% |
| 1973 | 17,055 million SLC | +76.6% |
| 1974 | 46,594 million SLC | +173.2% |
| 1975 | 59,075 million SLC | +26.8% |
| 1976 | 76,944 million SLC | +30.2% |
| 1977 | 98,350 million SLC | +27.8% |
| 1978 | 93,244 million SLC | -5.2% |
| 1979 | 120,704 million SLC | +29.5% |
| 1980 | 163,750 million SLC | +35.7% |
| 1981 | 183,470 million SLC | +12.0% |
| 1982 | 173,389 million SLC | -5.5% |
| 1983 | 159,185 million SLC | -8.2% |
| 1984 | 155,483 million SLC | -2.3% |
| 1985 | 151,004 million SLC | -2.9% |
| 1986 | 126,235 million SLC | -16.4% |
| 1987 | 135,314 million SLC | +7.2% |
| 1988 | 134,908 million SLC | -0.3% |
| 1989 | 154,207 million SLC | +14.3% |
| 1990 | 188,557 million SLC | +22.3% |
| 1991 | 191,721 million SLC | +1.7% |
| 1992 | 201,714 million SLC | +5.2% |
| 1993 | 206,869 million SLC | +2.6% |
| 1994 | 220,554 million SLC | +6.6% |
| 1995 | 244,499 million SLC | +10.9% |
| 1996 | 273,609 million SLC | +11.9% |
| 1997 | 293,200 million SLC | +7.2% |
| 1998 | 281,546 million SLC | -4.0% |
| 1999 | 314,179 million SLC | +11.6% |
| 2000 | 388,187 million SLC | +23.6% |
| 2001 | 384,370 million SLC | -1.0% |
| 2002 | 408,570 million SLC | +6.3% |
| 2003 | 462,630 million SLC | +13.2% |
| 2004 | 549,979 million SLC | +18.9% |
| 2005 | 671,986 million SLC | +22.2% |
| 2006 | 826,383 million SLC | +23.0% |
| 2007 | 959,575 million SLC | +16.1% |
| 2008 | 1.19 million million SLC | +23.8% |
| 2009 | 965,761 million SLC | -18.7% |
| 2010 | 1.10 million million SLC | +14.2% |
| 2011 | 1.33 million million SLC | +20.2% |
| 2012 | 1.41 million million SLC | +6.6% |
| 2013 | 1.47 million million SLC | +4.1% |
| 2014 | 1.52 million million SLC | +3.5% |
| 2015 | 1.36 million million SLC | -10.6% |
| 2016 | 1.36 million million SLC | -0.3% |
| 2017 | 1.43 million million SLC | +5.8% |
| 2018 | 1.57 million million SLC | +9.4% |
| 2019 | 1.54 million million SLC | -2.1% |
| 2020 | 1.28 million million SLC | -16.4% |
| 2021 | 1.52 million million SLC | +18.8% |
| 2022 | 1.85 million million SLC | +21.1% |
| 2023 | 1.89 million million SLC | +2.3% |
| 2024 | 1.97 million million SLC | +4.5% |
United Arab Emirates compared with similar countries
- United Arab Emirates's 1.97 million million SLC is above the median for high income countries, which is 257,567 million SLC, 7.7× the median. (72 countries reporting)
- United Arab Emirates's 1.97 million million SLC is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.54 million million SLC, 1.3× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency in United Arab Emirates changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +173.2% | 17,055 million SLC | 46,594 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 53,365 million SLC | 5,082 million SLC | 120,704 million SLC | 10 |
| 1980s | 153,694 million SLC | 126,235 million SLC | 183,470 million SLC | 10 |
| 1990s | 241,645 million SLC | 188,557 million SLC | 314,179 million SLC | 10 |
| 2000s | 680,504 million SLC | 384,370 million SLC | 1.19 million million SLC | 10 |
| 2010s | 1.41 million million SLC | 1.10 million million SLC | 1.57 million million SLC | 10 |
| 2020s | 1.70 million million SLC | 1.28 million million SLC | 1.97 million million SLC | 5 |
Countries ranked near United Arab Emirates
- 86 Albania 2.47 million million SLC compare
- 87 Italy 2.19 million million SLC compare
- 88 Israel 2.00 million million SLC compare
- 90 Venezuela (Bolivarian Republic of) 1.97 million million SLC compare
- 91 Malaysia 1.93 million million SLC compare
- 92 Democratic People's Republic of Korea 1.85 million million SLC compare
More economy & growth data for United Arab Emirates
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.85 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.54 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 77.17 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.1397 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 7,024 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 45.64 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 48.71 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0826 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 4,154 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 22.86 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency in United Arab Emirates?
- Gross domestic product — value standard local currency in United Arab Emirates was 1.97 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in United Arab Emirates?
- The highest recorded value was 1.97 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in United Arab Emirates?
- The lowest recorded value was 5,082 million SLC in 1970.
- How does United Arab Emirates rank for gross domestic product — value standard local currency?
- United Arab Emirates ranks 89th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in United Arab Emirates?
- Over the last ten years it is up 29.7%. The long-run trend across the full record is volatile.
- Where does this United Arab Emirates data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).