The economy of the United Arab Emirates is the second largest in the Arab world (after Saudi Arabia), with agross domestic product (GDP) of $570 billion (AED2.1 trillion) in 2014. The United Arab Emirates has been successfully diversifying its economy.

Dubai’s gross domestic product as of 2008 was US $82.11 billion.

Although UAE has the most diversified economy in the GCC, the UAE’s economy remains extremely reliant on oil. With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. More than 85% of the UAE’s economy was based on the oil exports in 2009.

GDP                         $570 billion (2013)

GDP rank              2nd (nominal) / 1st (PPP) (2015)

GDP growth           Increase 6.9% (2015)

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