Abu Dhabi's GDP marks 9% growth in Q1 | ZAWYA MENA Edition

Abu Dhabi's GDP marks 9% growth in Q1 | ZAWYA MENA Edition:

Abu Dhabi’s gross domestic product (GDP) rose 9% to AED 223.6 billion in the first quarter of 2018, compared to AED 205.1 billion in the year-ago period.

Oil GDP grew to AED 86.6 billion in the three-month period ended March, up 18% from AED 73.4 billion in Q1-17, accounting for 38.8% of the emirate’s total GDP, according to the quarterly bulletin issued by the Statistics Centre − Abu Dhabi (SCAD).

Data showed a growth in oil- and non-oil sectors in Abu Dhabi during Q1-18, as compared with the same period last year.