Ajman’s economy grew 6.25% in 2023

Ajman’s GDP rose 6.25% to AED 36 bn in 2023, state news agency Wam reports, citing preliminary data from the Ajman Statistics Center. Key sectors driving growth include manufacturing, which accounted for 18.8% of GDP, wholesale and retail trade and vehicle repair (18%), and construction (16.4%).

ICYMI- The UAE’s economy grew 3.6% last year, with the non-oil economy growing 6.2%. Abu Dhabi’s non-oil economy grew 9.1% y-o-y last year, with real GDP growing 3.1%. Data out earlier this week also showed Sharjah’s non-oil economy growing 7.1% y-o-y, with GDP growing 6.5% y-o-y.