United Arab Emirates — GDP
GDP (Nominal) for United Arab Emirates, 1970–2024.
Latest value · 2024
552.32 billion
GDP (Nominal) · current US$ · +80415.4% since 1970
GDP for United Arab Emirates was 552.32 billion in 2024, according to the latest World Bank data. The series covers 55 years, from 1970 to 2024. The latest year is also the highest value on record for this series. The lowest was 685.99 million in 1970 (about 805.2× the low point). Across that span the compound annual growth rate works out to 13.19% per year.
United Arab Emirates ranks 30 of 212 economies on this measure (1 = highest), putting it in the top 14%. The median for Middle East, North Africa, Afghanistan & Pakistan is 109.60 billion, so United Arab Emirates sits above it. Over the last decade (2014–2024) the figure moved up 30%.
Key figures
Latest (2024)
552.32 billion
First (1970)
685.99 million
Change
+80415.4%
Highest
552.32 billion
in 2024
Lowest
685.99 million
in 1970
Average
169.56 billion
Annual growth (CAGR)
13.19%
Years of data
55
Recent years
| Year | current US$ |
|---|---|
| 2024 | 552,324,919,095.87 |
| 2023 | 522,622,268,401.13 |
| 2022 | 511,403,404,642.17 |
| 2021 | 422,441,282,436.24 |
| 2020 | 357,161,776,271.33 |
| 2019 | 433,926,218,686.11 |
| 2018 | 440,560,003,161.24 |
| 2017 | 403,365,056,078.85 |
| 2016 | 381,717,208,620.96 |
| 2015 | 381,973,135,513.07 |
| 2014 | 424,935,834,104.19 |
| 2013 | 409,632,574,702.72 |
Reading this correctly. Gross domestic product at current market prices, converted to US dollars at official exchange rates. This is the number usually meant by 'GDP'. Figures are in current US$. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.CD — GDP (Nominal). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.