UAE’s Food Security Leap: Targeting a Top 10 Spot in the Global Food Security Index
The UAE economy continues to demonstrate outstanding performance under effective leadership and strategic directives. The realized indicators and significant outcomes underscore the nation's advancement towards the objectives of the 'We the UAE 2031' vision. This vision aspires to elevate the country's GDP to AED 3 trillion in the forthcoming years and foster a transition towards an innovative and diversified economic model. Yet, a major challenge in realizing this vision is elevating the country to the top 10 of the Global Food Security Index (GFSI).
UAE's Economic Progress
- GDP Growth Index:
UAE’s GDP secures the 5th largest economy position in real GDP growth index globally
- Non-oil GDP:
The non-oil GDP reached AED 1.25 trillion, reflecting a 6.2% growth compared to 2022 - PMI:
56.6 in January 2024, indicating robust economic activity - Wage Growth Increase:
7.4% in Q4 of last year - Private Sector Employment Increase:
3.1% in Q4 of last year - GDP Increase:
In 2023, the GDP stood at AED 1.68 trillion at constant prices, marking a 3.6% increase from 2022 - Consolidated Fiscal Balance Surplus:
AED 61 billion in the first nine months of 2023 (4.4% of GDP)