The real GDP of the Emirates recorded a value of 1.77 trillion dirhams in 2024, achieving 4% growth compared to 2023.
According to the Emirates News Agency (WAM), this distinguished performance comes mainly driven by the strong growth of non -oil sectors, which achieved 5% growth, bringing the value of its local product to 1.34 trillion dirhams, which raised its contribution to 75.5% of the state’s GDP, while the value of the sectors and oil activities reached 434 billion dirhams.
In terms of the most developed economic activities during the past year compared to 2023, the existing transportation and storage activities were topped with a growth of 9.6%, driven by the outstanding performance of the movement of passengers and trips at state airports that recorded 147.8 million passengers, with a growth rate of about 10%.
The construction and construction sectors achieved a growth of 8.4%, as a result of the significant increase in investments in urban infrastructure projects, while financial activities and insurance activities grew by 7%, restaurants and hotels by 5.7%, and real estate activities by 4.8%.
In terms of contributing to the non -oil gross domestic product, the trade sector was issued by 16.8%, then the manufacturing sector by 13.5%, then financial activities and insurance activities by 13.2%, while the construction and construction sector achieved a contribution of 11.7%, and real estate activities 7.8%.
