Gross Domestic Product — Value US$ in United Arab Emirates
United Arab Emirates: Gross Domestic Product — Value US$ was 537,079 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in United Arab Emirates, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
United Arab Emirates recorded 537,079 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.5% on the previous year and up 29.7% over ten years.
Over the whole period, gross domestic product — value us$ in United Arab Emirates peaked at 537,079 million USD in 2024 and was at its lowest, 1,067 million USD, in 1970.
That places United Arab Emirates 28th out of 203 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in United Arab Emirates, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,067 million USD | — |
| 1971 | 1,462 million USD | +37.0% |
| 1972 | 2,202 million USD | +50.6% |
| 1973 | 4,268 million USD | +93.8% |
| 1974 | 11,769 million USD | +175.8% |
| 1975 | 14,913 million USD | +26.7% |
| 1976 | 19,464 million USD | +30.5% |
| 1977 | 25,197 million USD | +29.5% |
| 1978 | 24,086 million USD | -4.4% |
| 1979 | 31,634 million USD | +31.3% |
| 1980 | 44,169 million USD | +39.6% |
| 1981 | 49,978 million USD | +13.2% |
| 1982 | 47,232 million USD | -5.5% |
| 1983 | 43,363 million USD | -8.2% |
| 1984 | 42,354 million USD | -2.3% |
| 1985 | 41,134 million USD | -2.9% |
| 1986 | 34,387 million USD | -16.4% |
| 1987 | 36,860 million USD | +7.2% |
| 1988 | 36,750 million USD | -0.3% |
| 1989 | 42,007 million USD | +14.3% |
| 1990 | 51,364 million USD | +22.3% |
| 1991 | 52,226 million USD | +1.7% |
| 1992 | 54,948 million USD | +5.2% |
| 1993 | 56,352 million USD | +2.6% |
| 1994 | 60,080 million USD | +6.6% |
| 1995 | 66,603 million USD | +10.9% |
| 1996 | 74,533 million USD | +11.9% |
| 1997 | 79,866 million USD | +7.2% |
| 1998 | 76,663 million USD | -4.0% |
| 1999 | 85,549 million USD | +11.6% |
| 2000 | 105,701 million USD | +23.6% |
| 2001 | 104,662 million USD | -1.0% |
| 2002 | 111,251 million USD | +6.3% |
| 2003 | 125,971 million USD | +13.2% |
| 2004 | 149,756 million USD | +18.9% |
| 2005 | 182,978 million USD | +22.2% |
| 2006 | 225,019 million USD | +23.0% |
| 2007 | 261,287 million USD | +16.1% |
| 2008 | 323,376 million USD | +23.8% |
| 2009 | 262,971 million USD | -18.7% |
| 2010 | 300,189 million USD | +14.2% |
| 2011 | 360,833 million USD | +20.2% |
| 2012 | 384,610 million USD | +6.6% |
| 2013 | 400,219 million USD | +4.1% |
| 2014 | 414,105 million USD | +3.5% |
| 2015 | 370,275 million USD | -10.6% |
| 2016 | 369,255 million USD | -0.3% |
| 2017 | 390,517 million USD | +5.8% |
| 2018 | 427,049 million USD | +9.4% |
| 2019 | 417,990 million USD | -2.1% |
| 2020 | 349,473 million USD | -16.4% |
| 2021 | 415,179 million USD | +18.8% |
| 2022 | 502,732 million USD | +21.1% |
| 2023 | 514,130 million USD | +2.3% |
| 2024 | 537,079 million USD | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13,606 million USD | 1,067 million USD | 31,634 million USD | 10 |
| 1980s | 41,823 million USD | 34,387 million USD | 49,978 million USD | 10 |
| 1990s | 65,818 million USD | 51,364 million USD | 85,549 million USD | 10 |
| 2000s | 185,297 million USD | 104,662 million USD | 323,376 million USD | 10 |
| 2010s | 383,504 million USD | 300,189 million USD | 427,049 million USD | 10 |
| 2020s | 463,719 million USD | 349,473 million USD | 537,079 million USD | 5 |
Countries ranked near United Arab Emirates
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.68 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3.67 current LCU per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 184,629 current LCU per person (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8276 constant 2015 US$ per US$ of GDP (2024)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 41,605 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.99 % change on previous year (2024)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 3.22 constant LCU per US$ of GDP (2024)
Frequently asked questions
- What is gross domestic product — value us$ in United Arab Emirates?
- Gross domestic product — value us$ in United Arab Emirates was 537,079 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in United Arab Emirates?
- The highest recorded value was 537,079 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in United Arab Emirates?
- The lowest recorded value was 1,067 million USD in 1970.
- How does United Arab Emirates rank for gross domestic product — value us$?
- United Arab Emirates ranks 28th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).