Abu Dhabi's nominal economic output rose 15.9 percent in 2010, after shrinking nearly a quarter in the previous year, helped by recovery in its key hydrocarbon sector, the Gulf Arab emirate's preliminary data showed on Sunday.
The United Arab Emirates member, which sits on 10 percent of global oil reserves and accounts for 90 percent of UAE oil output, felt the pinch of the global financial crisis in 2009 after crude prices tumbled from 2008 record highs LCOc1.
With oil price recovery in 2010, the crude-reliant Abu Dhabi economy picked up speed again to see its nominal gross domestic product rise to 620.3 billion UAE dirhams ($169 billion), Abu Dhabi Statistics Centre's (SCAD) yearbook showed.
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