Ajman's GDP hit AED 36.27 billion in 2023, according to advance estimates released by the Ajman Statistics Centre — marking a 6.25% rise from AED 33.9 billion in 2022 and signalling the emirate's continued momentum toward sustainable economic diversification.
Strong Nominal and Real GDP Growth
At current prices, Ajman's nominal GDP climbed to AED 36.27 billion in 2023, up from AED 33.9 billion the previous year — a growth rate of 6.25%.
At constant prices, real GDP reached approximately AED 32 billion, compared to AED 30.5 billion in 2022, reflecting a real growth rate of 4.7%. The gap between nominal and real growth indicates moderate price-level effects, with underlying output expansion remaining solid.
Three Sectors Drive the Economy
The data from the Ajman Statistics Centre identifies three industries as the primary engines of growth:
Manufacturing led all sectors, contributing 18.80% of nominal GDP and 18.9% of real GDP in 2023 — cementing its position as Ajman's largest economic activity.
Wholesale and retail trade, including vehicle repair, ranked second, accounting for 18.04% of current-price GDP and 18.31% at constant prices.
Construction came third, contributing 16.42% of nominal GDP and 17.36% of real GDP — a reflection of continued infrastructure investment and real estate activity across the emirate.
Official Statement
Dr. Hajar Saeed Al Hubaishi, Executive Director of the Ajman Statistics Centre, said the advance GDP estimates for 2023 point to "decent impulses in the economy" and offer a glimpse of Ajman's commitment to sustainable development.
"Such growth implies the ability of Ajman to achieve its economic objectives and improve its position in the local as well as the global market," she said.
Ajman's Diversification Drive
The 2023 results reinforce a multi-year strategy by Ajman to reduce reliance on a single sector and build resilience across manufacturing, trade, and construction. The emirate's economic performance continues to align with the broader UAE vision of diversified, knowledge-driven growth — with Ajman carving out a distinct industrial and commercial identity within the federation.
