Tuesday, 02 January 2024 12:17 GMT

UAE GDP Advances 0.4% Despite Second-Quarter Contraction Arabian Post


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Arabian Post Staff -Dubai

The UAE economy expanded by 0.4 per cent in the first half of 2026, reaching Dh961.9 billion in real gross domestic product, as non-oil activities sustained growth despite a contraction during the second quarter.

Figures released on Friday by the Federal Competitiveness and Statistics Centre (FCSC) showed that non-oil GDP increased by 1.8 per cent compared with the corresponding period of 2025, lifting its contribution to the national economy to 79.2 per cent from 78.1 per cent a year earlier.

The figures also revealed pressure on economic activity during April-June, when real GDP declined by 2.1 per cent year on year to Dh476.9 billion. Non-oil activities contracted by 1.1 per cent during the quarter, reflecting disruptions affecting tourism, transport and trade.

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The Arabian Post

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