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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
international visitors in 2023. Hotel guests totalled 28

million, an 11 percent increase as compared to 2022.

At current prices, the GDP has reached AED1.88 trillion

in 2023, recording a growth rate of 2.3 percent. Non-oil

GDP, also at current prices, amounted to AED1.43

trillion, achieving a growth rate of 9.9 percent and an

increase of AED 128 billion as compared to 2022.

Along with the exceptional growth in GDP, the UAE has

further fortified its position among the top 10 countries

in the world in various GDP-related global

competitiveness indicators. The country ranked fifth

worldwide in the Real Economic Growth Rate Index and

sixth in GDP (PPP) per capita in the IMD World

Competitiveness Yearbook 2023. Additionally, the UAE

achieved sixth place globally in the GNI Index, in the

UNDP Human Development Index Report 2024.

 Hatem Mohamed / Khoder Nashar

Economy United Arab Emirates (UAE)

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