Dubai GDP at Current Prices (USD Billions) and Growth Rate
23 December 2022•
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Dubai’s contribution to GDP in 2019 stood at $118 billion, contributing 28% to UAE’s GDP which stood at US $417 billion.
Dubai did experience a 10.8% contraction in GDP from $118 billion in 2019 to $105 billion in 2020 due to the impact of Covid’19, which predominantly impacted the hospitality, tourism, and retail sectors.
SME’s were majorly impacted due to the pandemic, however Dubai has consistently shown signs of rebound, as GDP grew 6.3% in the first nine months of 2021.
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