Over the past fifty years, the UAE has laid a solid foundation for building a diversified and sustainable economy, and after the discovery of oil in the fifties of the last century, the UAE succeeded in radically changing the structure of economic life in the country, while continuing its efforts to move to a knowledge-based economy by encouraging innovation and strengthening the regulatory framework for key economic sectors.

 In the soon-to-be-released UAE Figures 2020 report, the Federal Competitiveness and Statistics Centre reveals the most prominent facts and figures that reflect the growth recorded in the country's economy over 50 years, on the occasion of the celebrations of the fiftieth anniversary of the Union.

The report reveals a significant leap in the country's Gross Domestic Product (GDP), increasing from AED 58.3 billion in 1975 to over AED 1.3 trillion in 2020. Additionally, the contribution of non-oil sectors to the GDP grew from 43% in 1975 to 83% in 2020.

The report also indicates a rise in the total volume of the country's foreign trade, growing from AED 11.5 billion in 1975 to AED 1.4 trillion in 2020. The value of foreign direct investments into the country increased by 82%, reaching approximately AED 73 billion in 2020 compared to the AED 40 billion recorded in 2005.

The value of foreign direct investments exported from the country also surged from AED 14 billion in 2005 to AED 69.5 billion in 2020.

Furthermore, the report highlights an increase in government spending in the country, rising from AED 1.258 billion in 1975 to AED 442.386 billion in 2019.

The tourism sector in the country has witnessed an exceptional success story, making it one of the world's leading destinations in terms of growth and the ability to attract tourists from various corners of the globe. It has also firmly established its position as one of the main contributors to the national economy.

The number of hotel facilities surged from 64 in 1978, housing 5,379 rooms, to 1,089 hotel facilities with 180,257 rooms in 2020.

The operational capacity of the country's hotel facilities has evolved over the years. In 1979, approximately 392,000 guests stayed with a total of 1.02 million nights. In 2020, this number grew to over 14.88 million guests with a total of 54.3 million nights.

In 2020, total hotel revenues exceeded AED 16.6 billion, marking a significant increase compared to 2005 when revenues were AED 1.5 billion.

Electricity and Water:

The UAE has been diligent in keeping pace with the increasing demand for electricity and water in the country, considering the population growth and economic and commercial activities. Sustainable solutions for renewable energy have been adopted.

The capacity of electricity-generating stations in the UAE has grown from 482 megawatts in 1975 to approximately 35,000 megawatts in 2020. The electricity generated witnessed a substantial increase, exceeding 137,000 gigawatt-hours in 2020, compared to 1,467 gigawatt-hours in 1975.

Furthermore, the amount of electricity generated from renewable energy stations experienced significant growth in 2020 compared to 2009, rising from 6 gigawatt-hours in 2009 to 5,476 gigawatt-hours in 2020. The total installed capacity of renewable energy stations was 10 megawatts in 2009, and it leaped to 2,289 megawatts in 2020, a remarkable increase of 22,698 percent.

​The report also highlights an increase in the amount of desalinated water produced in 2020, reaching 2 billion cubic meters, a substantial increase compared to 1983 when it was 256 million cubic meters. The number of wastewater treatment plants in the country reached 125 in 2020, a 145% increase from 2011 when there were only 51 plants. Additionally, the quantity of treated wastewater in 2020 reached 769 million cubic meters, a 55% increase compared to 2011 when it was 498 million cubic meters.