Thursday 10 January 2019

#AbuDhabi's nominal GDP grows 14% in nine months | ZAWYA MENA Edition

Abu Dhabi's nominal GDP grows 14% in nine months | ZAWYA MENA Edition:

The Abu Dhabi's nominal Gross Domestic Product amounted to AED692.8 billion in the first nine months of 2018, 14 percent up from AED608 billion during the corresponding period of 2017, according to the Statistics Centre- Abu Dhabi (SCAD).

Driven by an economic upturn across oil and non-oil sectors alike, the nine-month GDP accounts for 83.3 percent of the emirate's total GDP for 2017 which stood at circa AED833 billion.

The GDP's oil value-added differentiators rose to about AED280 billion during the first nine months 2018, a growth of 33.3 percent from AED210.2 billion during the same period 2017.

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