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Dubai GDP at Current Prices (USD Billions) and Growth Rate
Dubai’s contribution to GDP in 2019 stood at $118 billion, contributing 28% to UAE’s GDP which stood at US $417 billion.
Dubai did experience a 10.8% contraction in GDP from $118 billion in 2019 to $105 billion in 2020 due to the impact of Covid’19, which predominantly impacted the hospitality, tourism, and retail sectors.
SME’s were majorly impacted due to the pandemic, however Dubai has consistently shown signs of rebound, as GDP grew 6.3% in the first nine months of 2021.
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Dubai’s Roadmap to Becoming the Digital Economy Capital of the World
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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