The Statistics Centre – Abu Dhabi has released its preliminary estimates for the emirate’s GDP in 2024, revealing strong economic performance fueled by accelerated growth across non-oil sectors, in line with Abu Dhabi’s efforts to diversify income sources and promote sustainable development.
The real GDP grew by 3.8%, reaching a record high of AED 1.2 trillion. Meanwhile, the non-oil economy posted an impressive 6.2% growth, raising its contribution to GDP to 54.7% — its highest annual share to date.
Key sectors such as manufacturing, construction, finance and insurance, and information and communications reached record levels in value-added output, reflecting the success of Abu Dhabi’s strategy in fostering a smart, diversified economy.
According to the data, the industrial and construction sectors maintained strong performance, contributing 9.5% and 9.1%, respectively. Financial services, insurance, and ICT also posted significant growth, strengthening Abu Dhabi’s position as a regional financial and tech hub.
Transport and logistics, real estate, and service sectors — including education and healthcare — also recorded notable growth, indicating stable demand, expanding infrastructure, and high-quality public services.
In Q4 2024, Abu Dhabi’s GDP grew by 4.4%, while the non-oil economy sustained a robust growth of 6.6%, continuing to support the emirate’s overall economic momentum.
These results reflect Abu Dhabi’s success in building a resilient, attractive, and future-ready economy.
Source: WAM