High growth over the past decades has turned Abu Dhabi into the 44th largest economy in the world and the emirate is expected to move ahead to the 41st rank in 2015, according to a local economist.
In 1973, just two years after the UAE was created, Abu Dhabi was ranked 71st largest global economy and it accounted for nearly five per cent of the combed GDP of the six-nation Gulf Cooperation Council (GCC), said Giyas Gokkent, chief economist at the government-controlled National Bank of Abu Dhabi.
“In 2010, Abu Dhabi became the 44th largest economy and accounted for 17 per cent of the GCC’s GDP,” he told an investment seminar in Abu Dhabi.
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