HistoryCentral · Nation by Nation
HistoryCentral Est. 1996
Flag of United Arab Emirates
flag — United Arab Emirates
Nation by Nation

United Arab Emirates

Economy

$552.3 billion
GDP
World Bank · 2024
$50,274
GDP / Capita
World Bank · 2024
+4.0%
GDP Growth
World Bank · 2024
2.2%
Unemployment
World Bank · 2024

The United Arab Emirates has a high-income, increasingly diversified economy — the most globalized in the Gulf — that has used oil wealth, concentrated in Abu Dhabi, to build world-leading hubs for trade, finance, tourism, and aviation, above all in Dubai.

While Abu Dhabi holds most of the oil, Dubai has built a non-oil economy around logistics, real estate, tourism, and finance, making the UAE a regional and global business crossroads.

Key Sectors

Key sectors include oil and gas (centered on Abu Dhabi), trade and logistics, aviation (Emirates and Etihad), tourism and real estate, financial services, and growing technology and renewable-energy investments.

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