UAE Economy grew by 7.9% in 2022

  • Abu Dhabi, United Arab Emirates
  • 26 June 2023
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The UAE's GDP in 2022 at constant prices reached AED 1.62 trillion ($ 440 billion), achieving a growth of 7.9 percent, while at current prices it reached AED 1.86 trillion ($ 506 billion), an increase of more than AED 337 billion ($ 91.7 billion) over 2021, achieving a growth of 22.1 percent.

UAE Minister of Economy Abdullah bin Touq Al Marri noted that "the UAE government is working to build an innovative economic model that serves its future vision, by adopting flexible economic policies based on speed and accuracy in responding to global changes, adopting stimulating economic strategies, forward-looking economic plans based on economic diversification, and improving economic procedures and legislation."

Source (Asharq Al-Awsat Newspaper, Edited)

 

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