Non-Oil Real GDP Growth in Constant Prices for United Arab Emirates
ARENGDPXORPCHPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
-24.37%
Date Range
1/1/2000 - 1/1/2025
Summary
This economic trend measures the real, inflation-adjusted growth rate of non-oil GDP in the United Arab Emirates. It provides insight into the broader health and diversification of the UAE's economy beyond the dominant oil and gas sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Non-Oil Real GDP Growth in Constant Prices for the United Arab Emirates tracks the year-over-year change in the country's total economic output, excluding the oil and gas industries. This metric is widely used by economists and policymakers to assess the UAE's economic development and structural transformation efforts.
Methodology
The data is calculated by the UAE's Federal Competitiveness and Statistics Centre based on national accounts data.
Historical Context
This trend is closely monitored by international institutions, investors, and analysts to gauge the UAE's economic diversification and long-term growth potential.
Key Facts
- The UAE aims to reduce oil's contribution to GDP from 30% to 20% by 2021.
- The UAE's non-oil economy grew by 3.3% in 2020 despite the COVID-19 pandemic.
- The UAE is targeting 3-4% annual non-oil GDP growth over the next decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted growth rate of the United Arab Emirates' GDP, excluding the oil and gas sectors.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader health and diversification of the UAE's economy beyond the dominant oil and gas industries, which is a key focus area for policymakers and investors.
Q: How is this data collected or calculated?
A: The data is calculated by the UAE's Federal Competitiveness and Statistics Centre based on national accounts data.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by international institutions, investors, and analysts to gauge the UAE's economic diversification and long-term growth potential.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Non-Oil Real GDP Growth in Constant Prices for United Arab Emirates (ARENGDPXORPCHPT), retrieved from FRED.