The gross domestic savings in United Arab Emirates (UAE) grew 6.6 percent to Dh516.1 billion ($140.51 billion) in 2018 from Dh484.5 billion in 2017, according to figures revealed by the Federal Competitiveness and Statistics Authority.
 
The highest since 2015, the growth reflects the significant success achieved by the economic diversification policy adopted by the government over the past years, said a Wam news agency report.
 
According to the figures, the gross domestic savings stood at Dh491.8 billion in 2015 before declining to Dh482.1billion in 2016, then went up to Dh484.5 billion in 2017.
 
The remarkable growth in national savings has reflected positively on the rest of the country's economic indicators, with the gross national income per capita up to Dh55,570 ($15129.46) at a time the oil sector's contribution to GNI is going down, and GDP is edging up.
 

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