Ras Al Khaimah’s economy is projected to grow by 3.3% in 2025–2026, according to S&P Global Ratings. The agency affirmed the emirate’s sovereign credit rating at A/Stable/A-1, citing its diversified non-oil economy and ongoing infrastructure projects as key factors supporting this growth . Sectors such as wholesale and retail trade, along with manufacturing—which together contribute around 45% to RAK’s real GDP and 50% of its exports—are expected to play significant roles in this expansion.
Looking ahead, S&P anticipates that Ras Al Khaimah’s real GDP growth will accelerate to an average of 4.3% in 2027–2028, driven by robust performances in tourism, real estate, manufacturing, and mining. Upcoming projects, including the Wynn Al Marjan Island resort, are expected to bolster the tourism sector, while infrastructure developments will enhance the emirate’s economic free zones, airport, and real estate market. These initiatives are projected to increase GDP per capita to approximately $32,800 by 2028, reinforcing RAK’s position as a dynamic and resilient economy within the UAE.
