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United Arab Emirates GDP by year, 1960 to 2024

The UAE's GDP reached $552.3 billion in 2024, a record, up from $307.7 billion in 2010 and $104.3 billion in 2000.

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What the data shows

  • United Arab Emirates: $1B in 1970, $552B in 2024.
  • Sweden: $16B in 1960, $605B in 2024 (38× higher). It peaked at $632B in 2021.
  • Singapore: $1B in 1960, $573B in 2024.
  • Israel: $3B in 1960, $542B in 2024. Its low point was $3B in 1962.

About this chart

The United Arab Emirates' GDP hit a record $552.3 billion in 2024, putting it 27th in the world, up from 37th in 2000. The climb was uneven. GDP rose from $4.2 billion in 1973 to $43.6 billion in 1980 in the oil boom of the 1970s, then stalled for two decades at roughly $34 to $104 billion. It reached $315.5 billion in 2008, dropped to $253.5 billion in 2009, slipped from $424.9 billion in 2014 to $381.7 billion in 2016, and fell again to $357.2 billion in 2020.

The numbers are World Bank GDP in current US dollars, so they are not adjusted for inflation or exchange-rate changes. For scale, the chart compares the UAE with Sweden ($604.8 billion in 2024), Singapore ($572.9 billion) and Israel ($542.3 billion). The UAE is ahead of Israel but behind Sweden and Singapore. The series starts in 1970 at $0.7 billion.

The data

Source: World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026.

GDP of United Arab Emirates, GDP in current US$ billions, 1960 to 2024, 1960–2024
Date🇦🇪 United Arab Emirates🇸🇪 Sweden🇸🇬 Singapore🇮🇱 Israel
1960$16B$1B$3B
1961$17B$1B$4B
1962$19B$1B$3B
1963$20B$1B$4B
1964$23B$1B$4B
1965$25B$1B$4B
1966$27B$1B$5B
1967$30B$1B$5B
1968$31B$1B$6B
1969$34B$2B$6B
1970$1B$38B$2B$7B
1971$1B$42B$2B$7B
1972$1B$49B$3B$9B
1973$4B$59B$4B$12B
1974$12B$66B$5B$17B
1975$15B$83B$6B$16B
1976$19B$89B$6B$16B
1977$25B$94B$7B$18B
1978$24B$104B$8B$18B
1979$31B$123B$9B$23B
1980$44B$142B$12B$25B
1981$49B$130B$14B$27B
1982$47B$114B$16B$29B
1983$43B$105B$18B$33B
1984$42B$109B$20B$31B
1985$41B$114B$19B$29B
1986$34B$150B$19B$36B
1987$36B$183B$21B$43B
1988$36B$207B$25B$53B
1989$42B$218B$31B$52B
1990$51B$262B$36B$62B
1991$52B$274B$46B$71B
1992$54B$284B$52B$79B
1993$56B$213B$61B$80B
1994$59B$229B$74B$91B
1995$66B$267B$88B$105B
1996$74B$292B$96B$115B
1997$79B$268B$100B$119B
1998$76B$271B$86B$121B
1999$84B$274B$86B$121B
2000$104B$263B$96B$136B
2001$103B$243B$90B$135B
2002$110B$267B$93B$125B
2003$124B$334B$98B$131B
2004$148B$385B$115B$140B
2005$181B$392B$128B$147B
2006$222B$423B$149B$159B
2007$258B$490B$181B$184B
2008$316B$515B$194B$221B
2009$254B$434B$194B$213B
2010$308B$493B$240B$239B
2011$369B$571B$279B$268B
2012$393B$550B$295B$263B
2013$410B$584B$308B$298B
2014$425B$578B$315B$314B
2015$382B$502B$308B$303B
2016$382B$513B$321B$321B
2017$403B$535B$345B$357B
2018$441B$550B$378B$376B
2019$434B$531B$377B$399B
2020$357B$544B$351B$411B
2021$422B$632B$441B$490B
2022$511B$575B$514B$525B
2023$523B$579B$511B$513B
2024$552B$605B$573B$542B

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Frequently asked questions

What is the GDP of the UAE?

The United Arab Emirates' GDP was $552.3 billion in 2024 in current US dollars, according to the World Bank. That is the highest value in the series and ranks 27th in the world.

How has the UAE's GDP changed over time?

It rose from $43.6 billion in 1980 to $104.3 billion in 2000, $307.7 billion in 2010 and $552.3 billion in 2024. There were dips in 2009, 2015 to 2016 and 2020.

How does the UAE's GDP compare with Singapore and Israel?

In 2024 the UAE's $552.3 billion was above Israel's $542.3 billion and below Singapore's $572.9 billion and Sweden's $604.8 billion, all in current US dollars.

Where does this data come from?

World Bank, World Development Indicators (NY.GDP.MKTP.CD), GDP in current US$, billions. Retrieved November 4, 2026. You can download the full table as a CSV from this page.

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