The UAE’s economy has shown remarkable growth in 2023, with the country’s gross domestic product (GDP) achieving a growth of 3.6%, an increase of 60 billion dirhams, reaching 1.67 trillion dirhams compared to the previous year (2022), which recorded 1.618 trillion dirhams. The non-oil GDP witnessed a growth of 6.2%, representing an increase of 73 billion dirhams, rising from 1.173 trillion dirhams in 2022 to reach 1.246 trillion dirhams in 2023, contributing significantly to the total UAE economy.
The output increased in the last quarter of