Abu Dhabi GDP continues to achieve significant growth rates: SCAD | ZAWYA MENA Edition:
The Statistics Centre Abu Dhabi, SCAD, recently released its annual national accounts report for 2018, in addition to the quarterly reports for the second and third quarters of 2019, where, cumulatively, the results showed a significant increase in Abu Dhabi’s gross domestic product, GDP.
The GDP at current prices reached AED932.4 billion in 2018, compared to AED813.6 billion in 2017, marking a growth of 14.6 percent. This rise was a direct result of the increase in oil GDP at current prices, which grew by 40.2 percent to AED388.5 billion in 2018, making up 41.6 percent of total GDP.
According to SCAD’s data, non-oil GDP at current prices increased from AED536.6 billion in 2017 to AED543.9 billion in 2018, achieving a growth rate of 1.4 percent, and contributing 58.3 percent of total GDP at current prices in 2018. Non-oil activities, meanwhile, recorded significant growth since 2008, as changes in economic activities during the past years helped accelerate the growth rates of the GDP at current prices.
No comments:
Post a Comment