Ajman [UAE], Preliminary projections of Ajman's gross domestic product (GDP) for the year 2023, released by the Ajman Statistics Centre, show the emirate's strong economic performance and positive growth rate.
The emirate achieved GDP at current prices of more than AED36 billion, compared to AED33.9 billion in the previous year, reflecting a growth rate of 6.25 percent.
At constant prices, GDP is projected to reach approximately AED32 billion in 2022, compared to AED30.5 billion, with a growth rate of 4.7 percent.
In this context, Hajar Saeed Al-Hubaishi, Executive Director of Ajman Statistics Centre, said that the preliminary projections of the gross domestic product of the Emirate of Ajman for the year 2023 show a significant improvement in economic performance and reflect the improvement efforts. Promote sustainable development.
He also said the development confirmed the emirate's ability to overcome economic challenges and enhance its position locally and internationally.
The results indicated that the manufacturing industry, wholesale and retail trade, vehicle repair and construction sectors are prioritized in leading the economic locomotive and contributing to the GDP at current prices in the Emirate of Ajman for the year 2023. The manufacturing industry contributed 18.80 per year. percentage of GDP, followed by wholesale and retail trade and vehicle repair at 18.04 per cent, while construction activity contributed 16.42 per cent.
These activities also contributed significantly to real GDP, with manufacturing contributing 18.9 percent to GDP, while wholesale and retail trade and vehicle repair contributed 18.31 percent, and construction activities contributed 17.36 percent to GDP. Was.
The emirate achieved GDP at current prices of more than AED36 billion, compared to AED33.9 billion in the previous year, reflecting a growth rate of 6.25 percent.
At constant prices, GDP is projected to reach approximately AED32 billion in 2022, compared to AED30.5 billion, with a growth rate of 4.7 percent.
In this context, Hajar Saeed Al-Hubaishi, Executive Director of Ajman Statistics Centre, said that the preliminary projections of the gross domestic product of the Emirate of Ajman for the year 2023 show a significant improvement in economic performance and reflect the improvement efforts. Promote sustainable development.
He also said the development confirmed the emirate's ability to overcome economic challenges and enhance its position locally and internationally.
The results indicated that the manufacturing industry, wholesale and retail trade, vehicle repair and construction sectors are prioritized in leading the economic locomotive and contributing to the GDP at current prices in the Emirate of Ajman for the year 2023. The manufacturing industry contributed 18.80 per year. percentage of GDP, followed by wholesale and retail trade and vehicle repair at 18.04 per cent, while construction activity contributed 16.42 per cent.
These activities also contributed significantly to real GDP, with manufacturing contributing 18.9 percent to GDP, while wholesale and retail trade and vehicle repair contributed 18.31 percent, and construction activities contributed 17.36 percent to GDP. Was.
