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UAE Nominal GDP (USD Billions)
From 2015 to 2019, the UAE experienced steady growth with a Compound Annual Growth Rate (CAGR) of 3.89%, reaching a peak of 417 billion USD in 2019. However, 2020 saw a sharp 14% decline to 359 billion USD, likely due to the global economic impact of the COVID-19 pandemic.
The forecast from 2021 to 2026 shows a robust recovery and growth trajectory, with a projected CAGR of 5.75%. The GDP is expected to surpass pre-pandemic levels by 2022 and continue rising steadily, reaching an estimated 502 billion USD by 2026.
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Dubai’s Roadmap to Becoming the Digital Economy Capital of the World
An overview on how the government of Dubai is taking aim at becoming a leader in everything from blockchain to artificial intelligence, cryptocurrency, digital assets and the metaverse. Here’s how Dubai plans on growing a digital economy worth over us $140 billion by 2031, and attracting more coders per capita than any other city on earth.
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