Google+ Followers

Sunday, 18 December 2011

UAE GDP to peak at Dh1.248 trln in 2011 - Emirates 24/7

The UAE’s GDP is expected to peak at Dh1.248 trillion in current prices this year to maintain its position as the largest in the Arab world after Saudi Arabia’s economy, according to an official study.
The expected level this year will be nearly 198 times the country’s nominal gross domestic product of Dh6.5 billion when it was established in 1971, the Dubai Economic Council said in the study, dubbed “the document of the union era.”
Real GDP is forecast to grow by around 3.3 per cent in 2011 and 3.8 per cent in 2012compared with around 2.3 per cent in 2010, the report said.