The UAE’s real GDP is projected to grow by 3.9% in 2024 and expand to 4.1% in 2025, according to the World Bank’s latest Global Economic Prospects report.
In April 2024, the World Bank raised its forecast for real GDP growth in the UAE to 3.9% in 2024, compared to its January forecast of 3.7%. Growth in the Middle East and North Africa is expected to rise to 2.8% in 2024 and 4.2% in 2025.
Growth in Gulf Cooperation Council (GCC) countries is forecast to strengthen to 2.8% in 2024 and 4.7% in 2025.
The economies of oil exporters are projected to grow by 2.9% and 4.2% in 2024 and 2025, respectively, while those of oil importers are forecast to deliver growth of 2.9% and 4% in 2024 and 2025, respectively.
