The UAE economy is set to grow more strongly than earlier projections, with GDP now expected to expand by 5% this year—well above the global average—according to Standard Chartered.
The bank has upgraded its 2026 GDP growth forecast for the UAE to 5%, from a previous estimate of 4%, citing sustained momentum driven by robust trade activity, ample banking-sector liquidity and continued strength in non-oil industries.
“The UAE continues to stand out globally, with the economy on course to achieve potential-level growth for a second consecutive year in 2026,” said Rola Abu Manneh, CEO of UAE, Middle East and Pakistan at Standard Chartered.
UAE growth is forecast to outpace that of major economies, including China (4.6%), the United States (2.3%) and the euro area (1.1%).
The country’s role as a global trade hub is expected to deepen further amid ongoing realignments in international supply chains.
Standard Chartered Global Research projects the UAE’s foreign trade to reach $1 trillion this year, while the non-oil sector is expected to grow by 4.5% next year, supported by favourable demographics and a resilient real estate market.
