The Emirate of Ras Al Khaimah's Gross Domestic Product (GDP) grew in 2013 to Dh 30.9 billion from Dh 24.1 billion in 2012, according to the emirate's Statistical Year Book 2014 released by the Department of Economic Development (RAK DED).
data showed that Gross fixed capital formation (GFCF) rose to Dh 6.9 bn in 2013 from Dh 6.7 bn in the previous year.
The emirate's population were estimated at 438,000.
Ahmed Obeid Al Tunaiji, acting Director General of RAK DED, said the Statistical Book 2014 was issued to provide reliable statistical statements for the years 2009-2013 that meet requirements of government departments, companies, investors, researchers and other interested circles and individuals.
The publication, he added, highlights continuous urban, economic and development renaissance the emirate witnessed during the period under review. It offers updated and detailed comprehensive data about all sectors and economic activities including commerce, transportation, tourism, financing, banking, government services, population and workforce.