Abu Dhabi Reports 3.8% Growth In GDP In 2024
The non-oil economy recorded a strong growth rate of 6.2%, marking its highest-ever annual contribution of 54.7% to the emirate's total GDP.
Abu Dhabi's real GDP expanded by 3.8% in 2024 compared to 2023, reaching an all-time high value of AED 1.2 trillion. The latest data, showing significant annual economic growth driven by the thriving non-oil sector, was released by the Statistics Centre - Abu Dhabi (SCAD).
The non-oil economy recorded a strong growth rate of 6.2%, marking its highest-ever annual contribution of 54.7% to the emirate's total GDP. According to Abu Dhabi Media Office report, key sectors including manufacturing, construction, finance and insurance, wholesale and retail trade, education, and health secured their highest-ever values.
With a 9.5% share, the manufacturing industry remained one of the largest non-oil contributors to Abu Dhabi's GDP. The manufacturing sector achieved an annual growth rate of 2.7% in 2024 compared to last year. Meanwhile, the construction sector contributed 9.1% to total GDP, with a growth rate of 11.3% and a record high of AED 107.4 billion. The fourth quarter of 2024 saw Abu Dhabi's economy grow 4.4%, with non-oil GDP expanding by 6.6 per cent, contributing 54.7% to the total.