The Statistics Center-ABU Dhabi (SCAD) has published preliminary statistical estimates for the Gross Domestic Product (GDP) of Abu Dhabi by 2024, which shows significant annual growth driven by the prosperous non-oil sector.
The 2024 GDP data highlights the sustained economic impulse of Abu Dhabi, with total GDP and non -oil GDP that reaches records for the third consecutive year.
Abu Dhabi GDP
The Royal Emirate GDP expanded by 3.8 percent in 2024 compared to 2023, reaching a high historical value of AED1.2TN ($ 327 billion), driven by the non-oil economy that recorded a strong growth rate or 5tht-to-is toighal. GDP.
This underlines the continuous success of Abu Dhabi in the implementation of economic diversification strategies and long -term sustainable growth.
The non -oil sector remained the main driver of the economic impulse, with a total value of GDP without added oil that reaches the AED644.3 billion ($ 175.4 billion), establishing a record for the third consecutive year.
The key sectors that include manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, education and health, achieved their highest partners, reflecting the commitment of the Emirate with Industrial and Infrastructure.
Ahmed Jasim al Zaabi, president of the Department of Economic Development of Abu Dhabi (aggregate), said: “The consistent and remarkable performance of Falcon’s economy in recent years is a testimony of economic strategies with the vision of the future of Abu Dhabi, progressive policies and proactive responses to a global landscape that evolves.”
He added that with a GDP AED1.2TN ($ 327 billion) record and growth of 6.2 percent of non -oil sectors, which represent 54.7 percent of total GDP in 2024, this constant growth further improves the state of Abu Dhabi as an increasing economic power and a main destination for global talent, high value investments and world companies.
Al Zaabi said: “Gutter for our visionary leadership, we are in the future of Abu Dhabi’s economy through pioneering initiatives that drive industrial transformation, stimulate sustainable growth and remodel tomorrow’s economy.
“The strategies of economic diversity of diversity 2.0 are accelerating the transition to an intelligent, diversified and sustainable economy. We remain committed to unlocking new opportunities, empowering human capital and to end the strategic associations that will shape.”
Abdulla Gharib Alqemzi, general director of SCAD, said: “The annual statistical estimates of GDP confirm the constant progress of Abu Dhabi in economic transformation, with non -oil activities that reach a record contribution of 54.7 percent to GDP.
“This milestone reflects Emirate’s commitment to melt a friendly environment with investment, empower entrepreneurs and improve commercial opportunities in several high growth sectors.”
The strong performance of Abu Dhabi’s economy in 2024 underlines the success of economic policies that the commercial expansion of facilitation and global trade, which resulted in a 300 percent increase in foreign investments in Abu Dhabi approximately one decade.
The manufacturing sector remained one of the largest taxpayers that are not oil for GDP, maintaining a stable participation of 9.5 percent, with its complement reaching AED111.6bn ($ 30.4 billion), the highest recorded.
This Sector Achieved Anual Growth Rate of 2.7 per cent in 2024 Combased to 2023, reflecting the Success of the Abu Dhabi Industrial Strategy’s (adis) Program in driving industrial growth to strengthive’s position as the region’s MO MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S MOSTION’S Most
The construction sector followed closely, contributing with 9.1 percent to total GDP, with an impressive growth rate or 11.3 percent and a Aed107.4bn record ($ 29.2 billion).
The financial and insurance sector also experienced a significant expansion, growing 10.7 percent year -on -year to reach Aed77.8 billion ($ 21.2 billion), contributing with 6.6 percent to total GDP in 2024, further cementing the ABU Dhabi position.
The information and communication sector grew by 6.6 percent year -on -year, achieving a record value of AED32.2bn ($ 8.8bn) and contributing 2.2 percent to the total GDP of Abu Dhabi in 2024.
The wholesale and retail commercial sector also saw its highest value in AED62.7bn ($ 17.1bn), contributing with 5.3 percent to the Emirate’s GDP, which reinforces its vital roles rate of 2.2 percent in 2024.
The transport and storage sector achieved the high state among all industries in 2024 with 16.9 percent, promoted by infrastructure investments, logistics advances and greater commercial activity. The contribution of the sector to the economy of Abu Dhabi is 2.4 percent with a total value of AED27.8bn ($ 7.6 billion).
The real estate sector grew 4.2 percent in 2024, which reflects constant demand and investment in the development of the property. Its contribution to the total GDP reached 3.5 percent in 2024 with a total value that exceeds the AED41.7 billion ($ 11.4 billion).
The key service sectors also experienced a notable expansion, with education and health reaching their highest values in AED20.4bn ($ 5.6bn) and AED17BN ($ 4.6bn), respectively, through the growth of the percentage and 4.1 percent and 4.1 and 4.1 percent and 4.1 and 4.1 and 4.1 and 4.1 and 4.1 and 4.1. Commitment to the development of human capital and social welfare.
In the fourth quarter of 2024, Abu Dhabi’s GDP grew 4.4 percent, while non -oil GDP expanded by 6.6 percent, maintaining its record contribution or 54.7 percent to total GDP.
