The UAE has ranked 28th worldwide among the largest economies of the world in terms of gross domestic product (GDP), according to the World Bank data. By this, the UAE has the second largest Arab and regional economy after Saudi Arabia, which ranked 20th worldwide.
According to the World Bank’s estimates, the UAE’s gross domestic product stood at US$360.25 billion (Dhs1.32 trillion), based on 2011 data adopted by the World Bank for evaluating the largest economy in the world. The US topped the list with a gross domestic product of US$14.99 trillion, followed by China with US$7.32 trillion.
Third came Japan with US$5.867 trillion, followed by Germany with US$3.6 trillion, France with US$2.773 trillion, Brazil with 2.476 trillion, United Kingdom with US$2.445 trillion, Italy with US$2.193 trillion, India with US$1.872 trillion, Russia with US$1.857 trillion, Canada with US$1.736 trillion, Spain with US$1.476 trillion.
