The UAE experienced a 3.8% annual expansion in its GDP in the first nine months of 2024, driven by the growth of the non-oil sector. The non-oil economy grew by 4.5% year on year to 987 billion dirhams ($268.74 billion), contributing 74.6% to the country's real GDP. The UAE's economic growth is projected to accelerate further in the coming years, with a growth rate of 4% in 2024, 4.5% in 2025, and 5.5% in 2026. The growth is attributed to government policies promoting economic diversification and attracting foreign investment.