Complex Made Simple

Tourism contributes AED126bn to UAE’s GDP in 2014

From 1995 till the end of 2014, sector’s direct contribution to GDP increased 206 per cent

The direct and indirect contribution of the tourism sector to the UAE’s gross domestic product (GDP) amounted to AED126.7 billion in 2014, a new report reveals.

The sector’s contribution to the country’s GDP is projected to grow by 5.1 per cent in 2015 to AED133.12bn, the report by the World Travel Council shows.

According to the report published by Al-Ittihad, the sector’s direct contribution to the GDP stood at AED61bn or 4.1 per cent in 2014 and is set to grow to 4.9 per cent this year.

From 1995 till the end of 2014, the tourism sector’s direct contribution to the GDP shot up by 206 per cent – almost double the country’s economic growth in that period.

The report emphasises that the tourism industry has a more powerful impact than other domains such as education, the chemicals industry and agriculture.

Furthermore, the data reveals that the tourism sector’s contribution to the national GDP will grow by 2.7 per cent annually in the next ten years.

Last year, the number of direct jobs in the travel and tourism sector hit 307,000, comprising 5.4 per cent of the total number of jobs in the country.

They are expected to grow by 5.4 per cent this year and at an annual rate of 2.6 per cent to reach 420,000 jobs by 2025.