Preliminary statistics estimates for Abu Dhabi’s GDP for 2024 have been released by the Statistics Centre-Abu Dhabi (SCAD), and they demonstrate notable yearly economic development propelled by the booming non-oil industry. With both the total GDP and the non-oil GDP hitting record highs for the third year in a row, the 2024 GDP statistics demonstrates Abu Dhabi’s ongoing economic strength.
With a robust growth rate of 6.2%, the non-oil economy produced its highest-ever yearly contribution of 54.7% to the total GDP, propelling the emirate’s real GDP to reach an all-time high of Dhs1.2 trillion in 2024, up 3.8% from 2023. This demonstrates Abu Dhabi’s ongoing success in putting economic diversification plans into practice and promoting long-term, sustainable growth. With total non-oil GDP added value hitting Dhs644.3 billion, a record for the third year in a row, the non-oil sector continued to be the main engine of economic growth.
The emirate’s dedication to industrial development, infrastructure investment, and human capital enhancement is demonstrated by the fact that key sectors such as manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, education, and health reached their highest-ever values. “The Falcon Economy’s steady, outstanding performance over the past few years is a testament to Abu Dhabi’s forward-thinking economic strategies, progressive policies, and proactive responses to an evolving global landscape,” stated Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED).
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