Source: world bank Nominal/PPP
Summary:
United Arab Emirates GDP Per Capita expanded from 1970 to 2024, increasing from $2,394.07 to $50,273.51 .The compound annual growth rate (CAGR) averaged 5.8% over the period. The economy recorded its peak level in 2013 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 51.91%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
United Arab Emirates Economic Phases (1970 - 2024)
From 1970 to 2024, United Arab Emirates economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1977) indicating robust economic expansion
- High Growth (1979–1980) indicating robust economic expansion
- Crisis (1982–1983) indicating severe economic downturn
- Contraction (1984–1985) indicating temporary slowdown
- Contraction (1987–1988) indicating temporary slowdown
- High Growth (1989–1990) indicating robust economic expansion
- Contraction (1991–1993) indicating temporary slowdown
- High Growth (2003–2006) indicating robust economic expansion
- High Growth (2010–2011) indicating robust economic expansion
- Expansion (2012–2013) indicating steady moderate growth
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1973 with an increase of 163.802%, while the largest decline was in 2009 at -24.476%.