The UAE has been named the most economically stable country globally in a ranking of 89 nations by US News and World Report. It also ranks 15th for entrepreneurship and 33rd for being open for business.

In the entrepreneurship category, the UAE scored impressively high achieving 86.9 for global connectivity and 90.7 for entrepreneurial spirit. The country excelled in infrastructure with scores of 84 for overall and 87 for digital infrastructure. Notably, it received a perfect score of 100 for its favorable tax environment.

In terms of quality of life, the UAE earned an 86.9 for its strong job market and another perfect score for economic stability. The country’s per capita GDP is comparable to leading Western European nations and it is recognized as the most competitive economy in the Arab world.

The top ten countries in the ranking included Switzerland, Germany, Canada, Japan, Australia, Sweden, Denmark, Netherlands and Saudi Arabia.

The IMF forecasts the UAE's GDP to remain steady at 4% in 2024 with an increase to 5.1% expected in 2025. The World Bank projects a growth of 3.3% in 2024, rising to 4.1% in 2025 while the Arab Monetary Fund anticipates a growth of 3.9% in 2024 and 6.2% in 2025.

These positive projections highlight the UAE’s strong economic fundamentals driven by a robust non-oil sector and effective policies aimed at sustaining growth and financial stability.