[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  NewsGate [@news__gate](/creator/twitter/news__gate) on x XXX followers Created: 2025-07-25 02:31:15 UTC X. The UAE's GDP growth from $XX billion in 1993 to $XXX billion in 2023 reflects a nearly 10-fold increase, driven not just by oil (which accounts for a third of GDP) but also by a 28-fold rise in non-oil trade since 1981, showcasing a strategic diversification effort amid global energy transitions. X. This economic surge aligns with the UAE's shift from a modest post-1971 independence economy to a high-income market, with non-petroleum sectors like tourism and real estate growing over X% annually (per IMF reports from 2014-2015), challenging the narrative that oil alone defines Gulf economies. X. The 2020 COVID-19 pandemic caused a XXX% GDP contraction, yet the recovery to $XXX billion by 2023 suggests resilience, supported by government investments and a pivot to tech-driven sectors, outpacing pre-pandemic growth forecasts of 4-4.5% annually. XXX engagements  **Related Topics** [surge](/topic/surge) [coins energy](/topic/coins-energy) [asset allocation](/topic/asset-allocation) [gdp growth](/topic/gdp-growth) [gdp](/topic/gdp) [Post Link](https://x.com/news__gate/status/1948571718743982585)
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NewsGate @news__gate on x XXX followers
Created: 2025-07-25 02:31:15 UTC
X. The UAE's GDP growth from $XX billion in 1993 to $XXX billion in 2023 reflects a nearly 10-fold increase, driven not just by oil (which accounts for a third of GDP) but also by a 28-fold rise in non-oil trade since 1981, showcasing a strategic diversification effort amid global energy transitions.
X. This economic surge aligns with the UAE's shift from a modest post-1971 independence economy to a high-income market, with non-petroleum sectors like tourism and real estate growing over X% annually (per IMF reports from 2014-2015), challenging the narrative that oil alone defines Gulf economies.
X. The 2020 COVID-19 pandemic caused a XXX% GDP contraction, yet the recovery to $XXX billion by 2023 suggests resilience, supported by government investments and a pivot to tech-driven sectors, outpacing pre-pandemic growth forecasts of 4-4.5% annually.
XXX engagements
Related Topics surge coins energy asset allocation gdp growth gdp