UAE’s non-oil sector drives 3.8% GDP growth in first nine months of 2024

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10-Mar-2025

The UAE’s real GDP expanded by 3.8% in the first nine months of 2024 compared to the same period in 2023, reaching Dhs1.3 trillion, according to the latest economic data from the Ministry of Economy. This growth was primarily driven by the non-oil sector, which saw a 4.5% increase to Dhs987 billion, highlighting the nation’s ongoing economic diversification efforts. As a result, non-oil activities now contribute 74.6% to real GDP, while the oil sector accounts for 25.4%. The data underscores the rising influence of industries such as trade, tourism, financial services, and technology in shaping the UAE’s economic landscape.

 

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