Annual Economic Report Ajman 2019 1 Prepared by: Department of Planning and Economic Studies - Department of Planning and Business Development, Annual Economic Report – 2019 Copyrights and publishing @ Economic Department – Ajman Government – United Arab Emirates P.O. Box 870 Ajman - United Arab Emirates Tel.: +971 6 7033888 Fax: +971 6 7033998 Email:
[email protected] Website: www.ajmanded.ae 2 His Highness Sheikh / Humaid Bin Rashid Al Nuaimi A MEMBER OF THE UAE SUPREME COUNCIL – THE RULER OF THE EMIRATE OF AJMAN 3 His Highness Sheikh / Ammar Bin Humaid Al Nuaimi CROWN PRINCE OF AJMAN AND CHAIRMAN OF THE EXECUTIVE COUNCIL, 4 His Highness Sheikh Ahmed Bin Humaid Al Nuaimi CHAIRMAN OF THE DEPARTMENT OF ECONOMIC DEVELOPMENT – AJMAN 5 TABLE OF CONTENTS INTRODUCTION 10 SECTION I: GLOBAL & LOCAL MACROECONOMIC CHANGES 12 1. 1 INTRODUCTION 12 2. 1 ECONOMIC GROWTH IN THE WORLD 12 3. 1 INFLATION IN THE WORLD 13 4.1 FOREIGN DIRECT INVESTMENT FLOWS IN THE WORLD 13 5. 1 GLOBAL TRADE TRENDS 14 6.1 GDP OF THE UAE: 15 7.1 TOTAL FIXED CAPITAL FORMATION IN THE UAE 16 8.1 INFLATION IN THE UAE: 17 9. 1 FOREIGN TRADE IN THE UAE 17 10.1 FOREIGN DIRECT INVESTMENT IN THE UAE 18 SECTION II, LOCAL MACROECONOMIC CHANGES IN THE EMIRATE OF AJMAN 19 1.2 INTRODUCTION 20 2.2 GROSS DOMESTIC PRODUCT (GDP) 20 3.2 SECTORAL STRUCTURE OF GDP: 21 4.2 FIXED CAPITAL FORMATION: 22 5.2 INFLATION: 23 SECTION III: FOREIGN TRADE OF THE EMIRATE OF AJMAN 24 1. 3 INTRODUCTION 24 2.