{"id":102209,"date":"2025-04-02T00:00:00","date_gmt":"2025-04-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/non-oil-sector-drove-3-8-growth-in-abu-dhabis-gdp-last-year\/"},"modified":"2025-04-02T00:00:00","modified_gmt":"2025-04-02T00:00:00","slug":"non-oil-sector-drove-3-8-growth-in-abu-dhabis-gdp-last-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/04\/02\/non-oil-sector-drove-3-8-growth-in-abu-dhabis-gdp-last-year\/","title":{"rendered":"Non-oil sector drove 3.8% growth in Abu Dhabi\u2019s GDP last year"},"content":{"rendered":"

Abu Dhabi\u2019s economy expanded by 3.8% in 2024, reaching an all-tim<\/strong>e high of AED 1.2 tn<\/strong>, the Abu Dhabi Statistics Center said in a statement<\/a>. Growth came on the back of an expansion in the non-oil sector, which grew 6.2%, marking a contribution of 54.7% to GDP \u2014 its highest ever.<\/p>\n

By the sector:<\/strong> The manufacturing sector remained the biggest non-oil contributor to GDP, with a 9.5% share and a record value of AED 111.6 bn, and 2.7% y-o-y growth. Coming in at a close second: the construction sector, which accounted for 9.1% of total GDP, growing 11.3% y-o-y. The financial and ins. sector also grew 10.7% y-o-y, contributing 6.6% of GDP, while the information and communications sector grew by the same amount and contributed 2.2%. Wholesale and retail contributed 5.3% of GDP, and transport and storage \u2014 which grew the most out of all sectors at 16.9% \u2014 accounted for 2.4%. <\/p>\n

In 4Q, GDP grew by 4.4%<\/strong>, while non-oil GDP expanded by 6.6%. <\/p>\n

Abu Dhabi\u2019s growth mirrors federal levels of growth last year: <\/strong>The UAE\u2019s real GDP grew 3.8% y-o-y in 9M 2024 to reach AED 1.3 tn, with non-oil activity contributing 74.6% to total GDP. GDP is expected to have grown around 4%<\/a> last year, according to the Central Bank of the UAE, with the cabinet saying it surpassed AED 1.7 tn<\/a>. The Central Bank of the UAE (CBUAE) sees growth coming in at 4.7%<\/a> this year, while S&P Global<\/a> and Fitch Solutions\u2019<\/a> research unit BMI are the most optimistic of the bunch, expecting the UAE\u2019s real GDP to grow by 5.1% this year. On the lower end, the International Monetary Fund<\/a> and the World Bank<\/a> revised their forecasts for the UAE\u2019s economy this year to 4.0%.<\/p>\n","protected":false},"excerpt":{"rendered":"

The non-oil sector grew 6.2%<\/p>\n","protected":false},"author":1,"featured_media":102210,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1556],"tags":[1360,19,7,20],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-abu-dhabi","tag-economy","tag-enterpriseam-uae","tag-gdp","wpautop","entry"],"acf":{"mongo_id":"fcf9c9be-20b4-48e7-b4f3-fb960d45269b","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/370.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Non-oil sector drove 3.8% growth in Abu Dhabi\u2019s GDP last year","related_issue":[102204],"teaser":"The non-oil sector grew 6.2%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.e273e1b8-61af-485d-9072-a9760a51a679.mp3"},"yoast_head":"\nNon-oil sector drove 3.8% growth in Abu Dhabi\u2019s GDP last year - 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