United Arab Emirates's gross Value Added (GVA) at basic prices (constant LCU) was 1.78 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 28.15% from 1.39 trillion in 2014 (2.51% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.78 trillion | 2024 |
| Five years earlier | 1.6 trillion | 2019 |
| Ten years earlier | 1.39 trillion | 2014 |
| Highest | 1.78 trillion | 2024 |
| Lowest | 221.54 billion | 1975 |
| Average since 2015 | 1.59 trillion | 2015–2024 |
| First recorded | 221.54 billion |
What the numbers say
In 2024, United Arab Emirates' gross Value Added (GVA) at basic prices (constant LCU) rose 4% on 2023 (from 1.71 trillion to 1.78 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +4.1% and a typical year strayed about 4.2% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 23.9% in 1980 and the biggest yearly fall was 15% in 1986. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 22.67 billion a year. A straight line explains 49% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, United Arab Emirates had the 3rd highest value of the 25 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to United Arab Emirates in the 2024 ranking
- Japan — 1st of 25: 587.58 trillion
- Lebanon — 2nd of 25: 39.13 trillion
- Israel — 4th of 25: 1.54 trillion
- Afghanistan — 5th of 25: 1.02 trillion
- Macao SAR, China — 6th of 25: 383.29 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 50 values
| Year | Gross Value Added (GVA) at basic prices (constant LCU) |
|---|---|
| 2024 | 1,776,490,636,842 |
| 2023 | 1,708,298,569,488 |
| 2022 | 1,637,852,306,368 |
| 2021 | 1,523,377,719,829 |
| 2020 | 1,457,041,513,394 |
| 2019 | 1,595,768,597,423 |
| 2018 | 1,575,736,399,161 |
| 2017 | 1,551,880,789,275 |
| 2016 | 1,568,528,700,297 |
| 2015 | 1,484,535,163,433 |
Gross Value Added (GVA) at basic prices (constant LCU) in nearby economies
- Afghanistan — 1.02 trillion (2024)
- Algeria — 8.69 trillion (2025)
- Bahrain — 14.99 billion (2025)
- Djibouti — 664.36 billion (2025)
- Egypt, Arab Rep. — 8.25 trillion (2025)
- Iran, Islamic Rep. — 76,213.2 trillion (2025)
- Iraq — 207.34 trillion (2025)
- Israel — 1.54 trillion (2024)
- Jordan — 37.56 billion (2025)
- Kuwait
More economic policy & debt data for United Arab Emirates
- Foreign direct investment, net inflows (BoP, current US$) — US$48.24 billion (2025)
- Foreign direct investment, net inflows (% of GDP) — 8.26% (2024)
- GDP (current US$) — US$552.33 billion (2024)
- GDP (current LCU) — 2.03 trillion (2024)
- GDP (constant 2015 US$) — US$457.09 billion (2024)
- GDP (constant LCU) — 1.78 trillion (2024)
- GDP per capita (current US$) — US$50,274 (2024)
- GDP per capita (current LCU) — 184,629 (2024)
- GDP per capita (constant 2015 US$) — US$41,605 (2024)
- GDP per capita (constant LCU)
Reading data like this
Questions people ask
- What is United Arab Emirates's gross Value Added (GVA) at basic prices (constant LCU)?
- 1.78 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1975?
- It is up 701.87% from 221.54 billion in 1975 (4.34% a year on average, compounded). The highest value was 1.78 trillion in 2024 and the lowest 221.54 billion in 1975.
- How does United Arab Emirates rank?
- 3rd highest of 25 economies with data for 2024.
- Is the latest change in gross Value Added (GVA) at basic prices (constant LCU) unusual for United Arab Emirates?
- In 2024, United Arab Emirates' gross Value Added (GVA) at basic prices (constant LCU) rose 4% on 2023 (from 1.71 trillion to 1.78 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +4.1% and a typical year strayed about 4.2% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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