UAE Nominal GDP (USD Billions)
23 December 2022•
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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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