United Arab Emirates economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
The UAEs GDP per capita (PPP) was high in 2023, exceeding $70,000. The economy is based on oil exports, but it has diversified into tourism, real estate, aviation, and finance.