UAE GDP Growth Forecast Surges to 10.4% for 2027

The Central Bank of the UAE (CBUAE) has raised its growth forecast for next year to over 10 per cent, driven by both the oil and non-oil sectors. According to its latest Quarterly Economic Review, the UAE’s GDP is projected to grow by 10.4 per cent in 2027, compared with the 9.8 per cent growth it projected in its June Quarterly Economic Review.

This represents an upward revision of 0.6 percentage points, as the central bank expects the UAE to reach oil production of five million barrels per day next year. The medium-term outlook remains supported by continued growth in both hydrocarbon and non-hydrocarbon activity.

Non-oil sectors are on a growth path after the Middle East war broke out on February 28, as confidence improves and concerns around regional conflict recede. The UAE is increasing its oil output after exiting Opec earlier this year.