UAE GDP Expected To Grow By 4.1% In 2025, Says World Bank

The World Bank’s latest semi-annual MENA Economic Update indicates that the GDP of the UAE is projected to grow at 3.3% in 2024, rising to 4.1% in 2025. The report titled "Growth in the Middle East and North Africa’’ noted that the UAE is expected to lead with 2024 real GDP per capita growth rates of 2.5% and 3.4% in 2025, driven by robust growth in the non-oil sector.

As per the recent report, the UAE’s current account surplus is expected to decline to 7.5% in 2024, down from 9.2% of GDP in 2023, despite continued diversification efforts, reported Emirates News Agency. Meanwhile, the country is expected to sustain fiscal surpluses of 4.9% of GDP in 2024 and 4.7% in 2025.

It is worth mentioning that the growth in GCC countries is expected to strengthen to 4.2% in 2025, up from 1.9% in 2024. The report also forecasts the region’s overall GDP growth to rise modestly to 2.2% in 2024 in real terms, up from 1.8% in 2023. This uptick is driven by Gulf Cooperation Council (GCC) countries, where growth is projected to rise from 0.5% in 2023 to 1.9% in 2024 and 4.2% in 2025.