The IMF forecasts a 4% growth for the UAE economy in 2024.

The International Monetary Fund (IMF) predicts that the real gross domestic product (GDP) of the UAE will grow by 4 percent in 2024. In a statement today, following the conclusion of a team of its experts' visit to the UAE regarding the 2024 Article IV consultations, the IMF stated that economic growth in the UAE is broad-based, driven by strong activity in the tourism, construction, manufacturing, and financial services sectors. The IMF also expects that the UAE's fiscal and external surpluses will remain high, supported by relatively high oil prices. According to the IMF, the overall government surplus is expected to be around 5 percent of the UAE's GDP in 2024, while the current account surplus is estimated to be about 10 percent of GDP for the same year. The IMF noted that banks in the UAE generally possess substantial capital and liquidity reserves.