UAE’s economy set to grow by 5.2% in 2025: central bank


 

The UAE central bank is forecasting strong GDP growth for the country over the next few years, with expansion projected to reach 5.2% in 2025. This optimistic outlook is underpinned by an expectation of rising non-oil GDP, which is predicted to grow by 4.7% annually from 2024-2025. The implementation of a federal corporate tax and overall healthy government finances will help further diversify the economy away from oil revenues. 


The bank cites robust indicators that point to sustainable growth in the non-oil private sector. The manufacturing PMI has remained well above the expansion threshold of 50, showing ongoing business activity and demand. Strong domestic demand and investment in new projects will likely drive continued production growth across sectors. This diversification away from oil through business expansion has enhanced the UAE's economic resilience.


While more conservative than the UAE central bank's projections, estimates from the World Bank still see steady albeit more modest GDP rises of 3.4-3.8% annually for the UAE through 2025. Other Gulf nations like Saudi Arabia and Qatar are also forecast to see growth averages around 4% in the coming years. Overall, the outlook across the GCC reflects ongoing economic strengthening backed by diversification efforts and healthier fiscal positions.

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