The Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, said on Twitter on April 7 that the national economy of the Emirates achieved a growth of 3.8% in 2021.
Sheikh Mohammed stated in his tweet that the Statistics Centre had finished calculating the UAE’s GDP in 2021 and that the World Bank expected to achieve a growth of 2.1% for the UAE’s national economy. He said “We achieved 3.8% growth in 2021 (higher than 2019 growth), the highest in the region. At current prices, the output was one trillion and 489 billion dirhams”.
The UAE Central Bank expects the economy to grow by 4.2% in 2022.
Last March, the UAE Minister of Economy, Abdullah Bin Touq Al Marri, said that the UAE hopes that the economy would grow between 5 to 6% this year while it recovers from the pandemic and that it would continue to grow at the same pace over the next few years to help double the GDP total by 2031.