Abu Dhabi’s economy expanded by 3.8% in 2024, reaching an all-time high of $326.71bn. This marks the third consecutive year of record-breaking GDP figures according to data from the Statistics Center – Abu Dhabi.
The growth was fuelled by a strong non-oil sector, which surged by 6.2% and contributed a record 54.7% to the total GDP. In Q4 alone, Abu Dhabi’s GDP rose by 4.4%, while non-oil GDP expanded by 6.6%, maintaining its highest-ever share of economic output.
The non-oil sector remained the key driver of growth, with its total added value reaching $175bn in 2024. Industries such as manufacturing, construction, finance and insurance, information and communication, wholesale and retail trade, education, and healthcare all achieved their highest recorded values.
These figures highlight Abu Dhabi’s continued shift towards a diversified, knowledge-based economy.
Gulf Economist Staff Writer