Economy of the United Arab Emirates Economy of the United Arab Emirates The economy of the United Arab Emirates is the second largest in the Middle East (after Saudi Arabia), with a gross domestic product (GDP) of $403.2 billion (AED 1.46 trillion) in 2014. The Emirates have been successfully diversifying its economy. Although the UAE has the most diversified economy in the GCC, its economy remains extremely reliant on petroleum (oil). With the exception of Dubai, most of the UAE is dependent on oil revenues. Petroleum and natural gas continue to play a central role in the economy, especially in Abu Dhabi. More than 85% of
Emirate of Abu Dhabi Emirate of Abu Dhabi The Emirate of Abu Dhabi (, , or ; , ), is one of seven emirates that constitute the United Arab Emirates (UAE). It is the largest emirate by area (), accounting for approximately 87 percent of the total land area of the federation. Abu Dhabi also has the largest population of the seven emirates. In June 2011, it was estimated to be 2,120,700 people, of which, 439,100 people (less than 21%) were Emirati citizens, which has risen to 2.3 million in 2012. Abu Dhabi is the capital city of the emirate, after which it is