 It is the second largest economy in the GCC (after Saudi Arabia), with a nominal gross domestic product (GDP) of US$414.2 billion, and a real GDP of 392.8 billion constant 2010 USD in 2018.Since its independence in 1971, the UAE's economy has grown by nearly 231 times to 1.45 trillion AED in 2013.The non-oil trade has grown to 1.2 trillion AED, a growth by around 28 times from 1981 to 2012.