GDP growth rate averaged 4.51% from 2000 until 2017, reaching an all-time high of 9.80% in 2006.[19] This has been followed with a greater standard of living, with the current Human Development Index (HDI) standing at 0.863, ranking the UAE 34th in the world.[20] The overall economic outlook for the UAE is for continued growth with faster development than any other major Gulf State, encouraged significantly by tourism, manufacturing and financial sectors.