The UAE’s financial system posted sturdy development within the first quarter of 2025, with actual Gross Home Product (GDP) rising 3.9 per cent to AED455bn ($124bn) in comparison with the identical interval final 12 months, in line with preliminary figures from the Federal Competitiveness and Statistics Centre.
Non-oil UAE GDP expanded by 5.3 per cent to AED352bn ($95.9bn), whereas oil-related actions accounted for 22.7 per cent of whole GDP in Q1.
Abdulla bin Touq Al Marri, Minister of Financial system and Tourism, mentioned: “The preliminary estimates launched by the Federal Competitiveness and Statistics Centre for the primary quarter of 2025 reaffirm the energy and resilience of the UAE financial system and its capability to maintain distinctive development.
UAE GDP
“In addition they spotlight the success of the nation’s complete growth mannequin and mirror the boldness of traders and the worldwide neighborhood within the nation’s enterprise and funding surroundings, which has grow to be a worldwide benchmark for progressive financial insurance policies and a legislative framework that drives sustainable development.
“Due to the directives of the sensible management, the contribution of non-oil actions to actual GDP reached a report 77.3 per cent within the first quarter – the very best within the nation’s historical past.
“This displays the robust momentum of the UAE’s financial diversification drive and underscores the effectiveness of nationwide insurance policies and techniques aimed toward constructing an financial mannequin primarily based on data and innovation, consistent with the aims of the ‘We the UAE 2031’ imaginative and prescient, which seeks to boost the nation’s GDP to AED3tn ($816bn) by the subsequent decade.”
Hanan Mansoor Ahli, Director of the Federal Competitiveness and Statistics Centre, mentioned the Q1 efficiency demonstrates the effectiveness of the UAE’s financial mannequin.
She mentioned: “The UAE’s GDP development within the first quarter of 2025 highlights the effectivity of the nation’s financial mannequin and demonstrates the federal government’s success in implementing the management’s directives to develop financial sectors on sustainable foundations, whereas strengthening diversification efforts to make sure continued GDP development and long-term financial growth.”
She added that the non-oil GDP’s 5 per cent development displays the UAE’s deal with constructing a technology-driven, diversified financial system that allows companies and innovators to remodel concepts into profitable ventures.
Quickest-growing sectors
- Manufacturing: up 7.7 per cent in Q1 2025
- Finance and insurance coverage: up 7 per cent
- Development: up 7 per cent
- Actual property actions: up 6.6 per cent
- Commerce actions: up 3 per cent
When it comes to contribution to non-oil GDP:
- Commerce: 15.6 per cent
- Finance and insurance coverage: 14.6 per cent
- Manufacturing: 13.4 per cent
- Development: 12.0 per cent
- Actual property: 7.4 per cent
The figures spotlight how the UAE’s diversification technique is driving development throughout a number of industries, reinforcing its place as one of many area’s most resilient and forward-looking economies.
