Wednesday 27 July 2011

Reasons behind Abu Dhabi's growth - Maktoob News

Abu Dhabi's nominal gross domestic product jumped 15.9 percent in 2010, data showed on Tuesday, as the capital of the United Arab Emirates, which accounts for most of the country's oil wealth, rebounded from the global financial crisis supported by higher oil prices and growth in the non-oil sectors.

Nominal GDP of 620.2 billion dirhams ($168.9 billion) for 2010, was up from 546.5 billion in 2009 and 666.7 billion dirhams in 2008, according to data from the Statistics Centre Abu Dhabi.

It did not give real growth in GDP for Abu Dhabi.

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