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Dubai Economic Outlook 2021-2022 (% Year-On-Year Growth)
The GDP growth seen in Dubai is a significant contributor to the country’s national GDP, which stood at 3.8% growth in 2021 and forecasted to reach 5.4% in 2022.
In Q1 2022 alone, Dubai’s GDP grew at 5.9%.
The tourism and real estate sector also made a significant recovery on the back of a stimulus package worth US$1.9 billion.
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An overview on how the government of Dubai is taking aim at becoming a leader in everything from blockchain to artificial intelligence, cryptocurrency, digital assets and the metaverse. Here’s how Dubai plans on growing a digital economy worth over us $140 billion by 2031, and attracting more coders per capita than any other city on earth.
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