Ajman’s Economy Grows to AED36 Billion in 2023

Statistics Centre Reports Positive Growth

Ajman, UAE, June 30: Preliminary estimates from the Ajman Statistics Centre reveal that Ajman’s Gross Domestic Product (GDP) for 2023 has exceeded AED36 billion, up from AED33.9 billion in the previous year. This marks a growth rate of 6.25%.

At constant prices, the GDP reached approximately AED32 billion, compared to AED30.5 billion in 2022, reflecting a growth rate of 4.7%.

Key Sectors Driving Growth

Hajar Saeed Al-Hubaishi, Executive Director of Ajman Statistics Centre, stated that the preliminary estimates show a notable improvement in economic performance and sustainable development efforts. She emphasized the emirate’s ability to overcome economic challenges and enhance its local and international standing.

The manufacturing industry contributed 18.80% to the GDP, followed by wholesale and retail trade and vehicle repair at 18.04%, and construction at 16.42%. These sectors also significantly contributed to the real GDP, with manufacturing accounting for 18.9%, wholesale and retail trade and vehicle repair at 18.31%, and construction activities at 17.36%.