Ajman possesses a robust economy, with its total Gross Domestic Product (GDP) reaching US$ 10.9 billion in 2023. This indicates a significant economic output for the emirate.
Understanding Ajman's Economic Standing
The wealth of a region can be assessed through various economic indicators, primarily its Gross Domestic Product (GDP) and GDP per capita. These figures provide a snapshot of the economic activity and the average prosperity of its residents.
Key Economic Figures for Ajman (2023):
| Indicator | Value |
|---|---|
| Total GDP | US$ 10.9 billion |
| GDP Per Capita | US$ 22,600 |
Total GDP represents the market value of all final goods and services produced within Ajman's borders in a given year. A higher total GDP generally signifies a larger and more active economy.
GDP per capita (Gross Domestic Product per person) is calculated by dividing the total GDP by the population. This figure is often considered a good measure of the average standard of living and economic well-being of the individuals residing in the emirate. A GDP per capita of US$ 22,600 indicates a relatively high level of economic output distributed among its population, reflecting a strong economy capable of supporting its residents.
These figures highlight Ajman's growing economic significance within the region, driven by various sectors that contribute to its overall prosperity.
