The Gross Domestic Product in the United Arab Emirates expanded by 1.6 percent in the last quarter of 2019, boosted by both the oil sector (2.0 percent) and the non-oil sector (0.4 percent). For full 2019, the country's economy grew 2.0 percent, compared to a 1.7 percent expansion in 2018.
GDP Annual Growth Rate in the United Arab Emirates averaged 3.93 percent from 2000 until 2019, reaching an all time high of 9.80 percent in 2006 and a record low of -5.20 percent in 2009. This page provides - United Arab Emirates GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Arab Emirates GDP Annual Growth Rate - values, historical data and charts - was last updated on August of 2020.
GDP Annual Growth Rate in the United Arab Emirates is expected to reach -1.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates GDP Annual Growth Rate is projected to trend around 1.80 percent in 2021 and 2.30 percent in 2022, according to our econometric models.