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H.E. Abdulla bin Touq Al Marri: Under the wise leadership’s vision, the UAE has built an innovative economic model based on global best practices. The continuous growth of the national economy reflects the success of the UAE’s economic diversification policies.
We remain committed to achieving the goals of “We the UAE 2031”, aiming to expand the UAE’s GDP to AED 3 trillion by the next decade and securing the UAE’s position as a global hub for new economy.
Hanan Ahli: The UAE’s robust economic performance is backed by a clear future-oriented vision focused on sustainable economic growth.
Additional Subtitles:
• UAE’s real GDP reaches AED 1.322 trillion
• Non-oil GDP reaches AED 987 billion
• Contribution of non-oil sectors to real GDP is 74.6%
• Top-growing sectors: Transport, construction, finance, government, and hospitality
• Leading contributors to non-oil GDP: Trade, manufacturing, finance, construction, and real estate
• Nominal GDP reaches AED 1.486 trillion (6% growth)
• Nominal non-oil GDP reaches AED 1.136 trillion (6.6% growth)
The UAE has recorded significant growth in its real GDP by 3.8%, reaching AED 1.322 trillion in the first nine months of 2024, compared to the same period in 2023. Meanwhile, non-oil GDP expanded by 4.5% to AED 987 billion, accounting for 74.6% of total real GDP, while oil-related activities accounted for 25.4%.
Commenting on this performance, H.E. Abdulla bin Touq Al Marri, Minister of Economy, emphasized that the UAE’s sustained economic growth is a testament to the success of its policies and strategies aimed at enhancing economic diversification, streamlining business operations, and driving the expansion of new economy sectors as key drivers of sustainable economic and social development. He highlighted that, under the leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and the guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, the UAE has built an agile and globally competitive economic model capable of adapting to global challenges and rapid changes.
“The UAE continues to increase the contribution of non-oil sectors to the national economy by developing flexible economic legislation, enhancing global trade openness, and building strategic partnerships with key international markets. These efforts align with the “We the UAE 2031” vision, which aims to grow the UAE’s GDP to AED 3 trillion within the next decade and secure its position as a global economic hub,” H.E. bin Touq added.
Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, stated: “The UAE’s GDP growth over the past nine months reflects our strong economic performance and future-driven vision focused on sustainable economic expansion, led by non-oil sectors.”
“Economic diversification remains a key pillar of the UAE national strategy, ensuring long-term growth in the economy and in key economic and development indicators,” she emphasized.
Top-Growing Economic Sectors
During the first nine months of 2024, the UAE’s fastest-growing economic sectors showcased remarkable expansion compared to the same period in 2023. The transport and storage sector experienced a significant growth of 7.9%, largely driven by a surge in passenger traffic at UAE airports, which welcomed over 103 million travelers, marking a 20% increase. Similarly, the construction and building sector expanded by 7.4%, fueled by substantial investments in large-scale urban infrastructure projects. The financial and insurance sector also saw steady growth, rising by 6.8%, while government activities expanded by 5.0%. Additionally, the hospitality and restaurant sector recorded a 4.9% increase, reflecting the continued momentum in the tourism industry.
When examining the key contributors to non-oil GDP, trade emerged as the largest sector, accounting for 16.5% of total non-oil economic output. Following closely behind, manufacturing contributed 15.1%, underscoring the UAE’s industrial strength. The financial and insurance sector played a crucial role, making up 12.1% of non-oil GDP, while construction and building activities contributed 11.7%, and the real estate accounted for 7.6%.
Overall, the UAE’s nominal GDP reached AED 1.486 trillion during the first nine months of 2024, reflecting an impressive 6% year-on-year growth. The nominal non-oil GDP also grew significantly, reaching AED 1.136 trillion, with a 6.6% increase. Notably, non-oil sectors contributed 76.5% to the total GDP, further highlighting the UAE’s progress in economic diversification and sustainable growth.
United Voices for 2045: UAE Launches a Global Survey to Shape the Future of Sustainable Development
The Ministry of Community Development announced the launch of the Household Income and Expenditure Survey 2024, in cooperation with national statistics centers in all emirates of the country, in a comprehensive national initiative that will continue for a whole year. The survey covers about 19,000 households nationwide and aims to provide a series of data and indicators related to the economic and social lifestyles of families, in addition to studying the conditions and standards of living within the country, and the seasonal changes that families go through for their income and spending over a whole year. Leadership’s Vision Her Excellency Shamma bint Suhail Al Mazrouei, Minister of Community Development, said: "In accordance with the vision of the wise leadership, the UAE launched The National Strategy for Wellbeing 2031, with the aim of moving from the concept of a good life to a comprehensive concept of integrated wellbeing," stressing the commitment of the Ministry of Community Development to continue improving the aspects of life for individuals and families through a scientific approach that seeks to progress development plans and programs and renewable services that touch the reality of the needs of Emirati families, which supports their cohesion and stability and protects their members within the framework of a sustainable development plan. Her Excellency pointed out that the survey on household income and expenditure represents a major step the importance that the Ministry and its partners are working on at a state level to feed the database of families, and this is integrated with the plans and initiatives that the Ministry is working on to serve the community in the UAE. For his part, His Excellency Dr. Mugheer Khamis Al Khaili, Chairman of the Department of Community Development – Abu Dhabi, stressed that the wise vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, may God protect him, places providing a decent life for Emirati families as a priority, and aims to enhance their quality of life and happiness, to ensure a decent and sustainable life and a bright future for all family members. His Excellency praised the efforts of the Federal Competitiveness and Statistics Centre from developing the "Household Income and Expenditure Survey" project and continuously stressing awareness from the beginning of the importance of this survey, which provides data and figures that constitute a reality of household income and expenditure levels in the country, which constitutes in its objectives a major step for decision-makers and officials to identify the data and indicators resulting from the survey, develop strategic development plans, in addition to implementing initiatives, whether social or economic, to improve all aspects of life for individuals and families, which would reflect positively on all components of these families, hence providing a decent quality of life that enhances their happiness. His Excellency highlighted that the Community Development Department in Abu Dhabi places great emphasis on the family, considering it the "foundation and nucleus" for a cohesive and interconnected society that contributes to the progress and prosperity of the emirate. This has led to the launch of the department’s "Abu Dhabi Family Wellbeing Strategy," which is a comprehensive plan aimed at continuing to empower families and supporting their efforts in the emirate. This strategy encompasses children, youth, elderly citizens, residents, and all individuals, ensuring the provision of a nurturing and healthy environment for all families.
Quality of Life
Her Excellency Hessa bint Essa Buhumaid, Director General of the Community Development Authority in the Government of Dubai, said: "The UAE, under the leadership of the President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, believes that enhancing the quality of life of families is a great priority, and is working to enhance and consolidate it for the benefit of achieving the gains of all its members." Her Excellency pointed out that the Household Income and Expenditure Survey 2024 represents a qualitative step to update data and information that will support decision-makers and officials in developing Strategic plans and qualitative initiatives that improve the lives of families in the UAE, indicating that the Community Development Authority is working to provide multiple social services and programs aimed at improving the lives of the individual and society, and strengthening family ties to build a cohesive society.
International standards
For his part, His Excellency Sheikh Mohammed bin Humaid Al Qasimi, Chairman of the Sharjah Department of Statistics and Community Development, said that the data collection process is carried out according to specific international principles and standards, stressing that dealing with the data that will be collected through the survey will be confidential, and will be used for the purposes of research and statistical study.
Sheikh Mohammed bin Humaid Al Qasimi called on members of the community to cooperate fully to make this survey a success and support the planning process for the economic and social development of the UAE.
5 years
Her Excellency Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre stated that the United Arab Emirates is witnessing the implementation of a Family Income and Expenditure Survey every five years. Experts from the Federal Competitiveness and Statistics Center, in collaboration with national statistical centers, have developed an approved scientific design for the sample of households to be visited. Hanan Ahli added that the survey will provide outputs related to the economic and social levels of families, contributing to empowering and supporting decision-makers in the formulation of economic and social policies. It will also provide data and results that enhance all aspects of life for individuals and families in the country. She noted that the survey sample will cover all emirates in the country, involving approximately 19,000 households, and represents an advanced mechanism to survey aspects of consumer spending in areas such as housing, education, health, and more.
A Careful Approach
In the same context, Abdullah Gharib Al Qamzi, Acting Director General of the Statistics Center – Abu Dhabi, confirmed that the samples were designed according to a proportional distribution method based on the number of households in the emirate. This approach ensures the required level of accuracy through an integrated process conducted in collaboration with the Federal Competitiveness and Statistics Center and national statistical centers, using the latest scientific methods. Al Qamzi said: "The Household Income and Expenditure Survey is carried out periodically to provide data on household income and expenditure. According to demographic and family characteristics, studying the levels of income and expenditure of the family and the individual and showing its relationship to economic and social factors, in addition to the distribution of individuals and families according to income and expenditure groups, collecting the necessary data to support the relevant projects, and estimating the national accounts related to income and consumption.
Spending Patterns
Younus AlNasser is the Assistant Director General, Digital Dubai & CEO, Dubai Data Establishment, said: "The Household Income and Expenditure Survey is in line with the higher national trends that are inspired by the vision of ‘We the UAE 2031’, which stipulates the establishment of the most prosperous society on a global level. The survey also embodies the importance of relying on digital data to draw conclusions and make decisions that contribute to building a brighter future, achieving community happiness, and consolidating the UAE’s leading position in various relevant global indicators".
Dr. Hajar Saeed Al-Hubaishi, Executive Director of Ajman Statistics Center, said The Household Income and Expenditure Survey aims to calculate the average income and expenditure of the individual and family. This data is linked to multiple factors such as education, profession, and activities. economic, as well as demographic, social and economic aspects. The survey provides accurate indicators on the monthly income and expenditure of households and individuals and helps estimate the current demand for goods and services. It also makes it possible to predict the future needs of the population with regard to goods and services.
Community Well-Being
Dr. Abdulrahman Al-Shayeb Al-Naqbi, Director-General of the Ras Al Khaimah Department of Economic Development, pointed out that the data of the Household Income and Expenditure Survey provide the necessary indicators to assess the level of well-being of households and individuals. By knowing the characteristics of the housing inhabited by the family, the durable goods available to it, the expenses of families on various items of expenditure, and identifying the activities of the informal sector, such as the activity of agriculture within the family sector (self-production outside the establishments), and its importance to the national economy. Dr. Ibrahim Saad, Director of the Fujairah Statistics Centre, said that the household income and expenditure survey will meet the needs of the SNA of data necessary to prepare national accounts related to the final consumption of households, in addition to measuring the inflation rate, and calculating the quantities and values of consumption of goods and services to estimate the demand for them in the future."
The General Secretariat of the National Committee for Sustainable Development Goals and the Global Councils for Sustainable Development Goals 2030 concluded a series of events organized in conjunction with the work of the 2023 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC (COP28), which included the Sustainable Development Goals Forum, in addition to many developmental initiatives and programs aimed at strengthening international partnerships in confronting the effects of climate change, eradicating poverty and protecting the planet, which will positively reflect on societies of future generations.
The SDG’s Forum discussed a number of goals in its sessions, including the fourth goal "education" and its importance as one of the decisive factors in contributing to advancing climate action, the seventh goal "clean energy", and the thirteenth goal "climate action". The forum concluded with the speech of His Excellency Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of the World Council for the goal 11 "sustainable cities and communities".
The forum was attended by a group of experts on sustainable development goals in the UAE, and was attended by members of the global councils and a group of global specialists and advisers participating in COP28.
His Excellency, Abdulla Lootah, Deputy Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange, Chairman of the Emirates Competitiveness Council, and Vice-Chairman of the National Committee on Sustainable Development Goals, stressed the UAE government’s constant endeavor to enhance and support international efforts to achieve the SDGs, and pointed to the country’s pioneering experience that has been continuous for many years in this field, the latest achievement of which was the announcement of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, to invest $ 100 billion in financing climate action and renewable and clean energy. The UAE is committed to investing an additional $130 billion over the next seven years, reflecting the visions of the wise leadership and its tireless work to support global efforts to achieve climate neutrality by 2050, and the seventeen Sustainable Development Goals (SDGs).
H.E. Abdullah Lootah said that the world is facing great challenges in its march to implement the 2030 Agenda, in many areas including poverty, finance, climate change and others, and that the National Committee on SDG’s works to harness all available capabilities, and exchange information and experiences with stakeholders on the widest scale, to find practical solutions to reduce unprecedented climate change. He stressed the importance of youth participation in the success of efforts to achieve the sustainable development goals, and praised the active role of youth in COP28, which included the participation of the Young Leaders Program to achieve the sustainable development goals in more than 10 sessions, covering the topics of epidemics and health, women’s empowerment, financing and gender balance, among others.
Dr. Mahmoud Mohieldin, the United Nations Special Envoy on Financing the 2030 Agenda for Sustainable Development, held a key session to discuss the importance of mobilizing financing and intensifying efforts to tackle poverty in a radical way. The SDG Youth Council actively participated in several conference sessions held in the Blue and Green Zones, with the presence and participation of government officials and decision-makers.
The General Secretariat of the National Committee for Sustainable Development Goals concluded its participation in the activities of the COP28 conference, by launching the second generation of sustainable buses in partnership with Emirates Transport, as part of the "Road to Sustainability" campaign.
The Federal Competitiveness and Statistics Centre organized an intensive national workshop on services trade statistics, in cooperation with experts from the World Trade Organization, the International Monetary Fund, the Organization for Economic Cooperation and Development and the United Nations Trade and Development Organization.
The workshop was attended by experts and specialists in national accounts and trade statistics from government agencies from all around the UAE, including the Ministry of Economy, the Ministry of Finance, the Federal Authority for Identity, Citizenship, Customs and Ports Security, as well as statisticians and economists from local statistical centers in the country.
His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stressed that the UAE, thanks to the vision of the wise leadership, continues to strengthen its international position in services trade, as it ranked 12th as the largest exporter of services in the world during 2022 according to the World Trade Organization, while the value of UAE services exports reached AED 567 billion, equivalent to $155 billion, according to the "Trade Profiles" report issued by the organization last October. This report provides key data on the trade of goods and commercial services for 197 countries worldwide.
His Excellency added that the new strategy for services exports recently adopted by the Cabinet will increase the contribution of this vital sector with promising potential to non-oil foreign trade and GDP of the UAE, as the UAE’s service exports are growing at rates faster than the global average, helping to solidify the UAE’s position as a global business hub with an increasingly advanced and high-value economy that relies on services.
Her Excellency, Hanan Ahli, Manager Director of the Federal Competitiveness and Statistics Centre, said that organizing the workshop comes as part of the joint efforts of the Centre, the World Trade Organization, ministries and government entities. These efforts aim to ensure alignment in the methodologies of collecting data related to services trade with the best practices and international standards. This is done to improve the business environment and achieve sustainable economic growth.
1,600 contestants representing 400 teams of young talents specialized in the fields of artificial intelligence and data science from the UAE and around the world participated in the activities of the United Nations Datathon 2023 platform, which was held in the UAE under the auspices of the United Nations, in the presence of data science specialists from the most prominent universities in the Arab region and the world.
Datathon 2023 is a participatory platform that supports and motivates young talents, organized in partnership between the Artificial Intelligence, Digital Economy and Remote Work Applications Office, the National Committee on Sustainable Development Goals, the Federal Competitiveness and Statistics Centre (FCSC), and the Federal Youth Authority, with the support of academic institutions in the country.
The platform aims to enhance the leadership of the United Arab Emirates globally in the fields of artificial intelligence applications and data science, and to raise awareness of the importance of this sector in shaping future pathways.
Her Excellency Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre said that the UN Datathon serves as a platform for exploring and developing advanced solutions and innovative projects based on the outputs of the rapid evolution of emerging technologies. These can be employed to address various challenges in current and future vital sectors.
Her Excellency emphasized that the UN Datathon encompasses various domains of emerging and advanced technology, spanning data analysis, big data, artificial intelligence, smart conversational robots, blockchain, metaverse, augmented reality, 3D and 4D printing technology, along with several other emerging technologies. The aim is to harness the innovations of youth in these fields to contribute to building more advanced and prosperous societies. H.E. Mohammed Hassan, the Executive Director of the National Statistics and Data Science Sector at FCSC, asserted that the UN Datathon platform will strengthen communication among the youth of the UAE and their counterparts worldwide. It will provide a supportive environment for participants to develop solutions that address the challenges and rapidly changing dynamics in various fields. This, in turn, contributes to supporting efforts to achieve sustainable development goals.
His Excellency stated that participants in the United Nations Datathon 2023 will have the opportunity to engage in numerous sessions designed in an interactive and stimulating format, enabling them to unleash their creativity and enhance a culture of teamwork and collaborative work aimed at maximizing the utilization of available resources.
It is worth mentioning that the Open Data Datathon is one of the global initiatives organized in the UAE, in conjunction with the main event organized in the Republic of Uruguay, under the auspices of the United Nations, and the UAE represents an accredited regional platform for organizing data for the Middle East and North Africa region, with the aim of facilitating the entry of participants in the global competition.
The Federal Competitiveness and Statistics Centre announced the launch of the Statistics Youth Council, as part of its initiatives aimed at empowering youth in the fields of statistics, and enhancing their role in developing innovative ideas and experiences, through a platform for exchanging knowledge, expertise and successful experiences; whilst also providing an opportunity for youth to contribute to the development of statistical methodologies, and forming the features of a unified national statistical system that contributes to supporting the development process of the UAE and enhancing its leadership and competitiveness globally.
The Statistics Youth Council members consists of 14 Emirati youths made up from different statistical centers at the federal and local levels across the country. The formation of the Council was announced, in the presence of His Excellency Mubarak Al Nakhi, Undersecretary of the Ministry of Culture and Youth, Her Excellency Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, His Excellency Abdullah Al Qemzi, Acting Director General of the Statistics Centre – Abu Dhabi, and a number of officials and young members of the new Council.
H.E. Mubarak Al Nakhi stressed that the establishment of the Statistics Youth Council, initiated by FCSC, to include representatives of youth from different local statistical centers in the UAE, reflects the wise leadership’s commitment to enhancing governmental integration in shaping future paths. It embodies their directives on the importance of investing in the capabilities of young national talents, building their capacities and skills, and encouraging their active contribution to the development of various government sectors.
H.E. Al Nakhi stated that the Statistics Youth Council will contribute to transforming the energy and creativity of young Emirati talents into ideas and projects that enhance the role of the statistical community in leading initiatives aimed at serving the society of the United Arab Emirates.
Hanan Ahli: Enabling young cadres to develop methodologies and innovate solutions to the challenges of the statistical sector
For her part, Her Excellency Hanan Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, stressed the importance of the role of the Council in supporting the UAE government’s directions to enhance the role of youth in various fields, and in enabling young cadres to work on developing statistical methodologies and innovating solutions to the challenges of the statistical sector in the country.
H.E. Hanan Ahli said that the council will provide a platform and an open space to build the capacities of young people, and provide them with the necessary skills and tools in the fields of statistical analysis, data and reports, and understanding changes in the economy and society at the local and regional levels. and international.
The launch of the Statistical Youth Council is part of the government initiatives aimed at supporting the efforts to implement the pillars and targets of the UAE Centennial 2071. This vision, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai (may God protect him), represents a comprehensive and long-term national vision for the next five decades. It focuses on enhancing the role of youth in building a more sustainable future, creating an incubating environment for generating innovative and creative ideas, and ensuring a better future for the coming generations.
SDGs Talk with HE Maitha Al Shamsi, Minister of State
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