Page 157 - MOE ENGLISH PR - MAY 2024

5/31/24, 5:01 PM UAE’s GDP rises 3.6%, secures 5th largest economy position in real GDP growth index globally | Emirates News Agency
In 2023, the GDP stood at AED1.68 trillion at constant

prices, marking a 3.6 percent increase from 2022.

Furthermore, the non-oil GDP reached AED1.25 trillion,

reflecting a 6.2 percent growth compared to 2022.

He said, "These figures solidify the UAE’s position as the

fifth-largest economy globally in terms of real GDP

growth index. Moreover, the UAE ranks among the top

10 economies globally across various competitiveness

indicators tied to GDP.”

He added, “The national economy continues to

demonstrate remarkable performance under the

leadership of President His Highness Sheikh Mohamed

bin Zayed Al Nahyan, and the directives of His Highness

Sheikh Mohammed bin Rashid Al Maktoum, Vice

President, Prime Minister and Ruler of Dubai. The

accomplished indicators and notable outcomes

underscore UAE’s progress in achieving the objectives

outlined by the ‘We the UAE 2031’ vision, which aims to

elevate the country’s GDP to AED3 trillion within the next

decade and foster a shift towards a new economic

model centred around diversity and innovation.”

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