|06 April, 2020

Abu Dhabi GDP hits $169bln in first 9 months of 2019

Emirate's GDP during the first quarter of 2019 increased 5.7%

Image used for illustrative purpose. Abu Dhabi UAE United Arab Emirates desert sea sky Ground Building Construction Oasis Oil City Center Hot Amazing Beautiful Clouds Cranes.

Image used for illustrative purpose. Abu Dhabi UAE United Arab Emirates desert sea sky Ground Building Construction Oasis Oil City Center Hot Amazing Beautiful Clouds Cranes.

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The gross domestic product (GDP) of Abu Dhabi at current prices (nominal GDP) grew 4.6 percent to around Dh620 billion ($169 billion), during the first nine months of 2019 from Dh592.9 billion in the comparable period of 2018.

The growth was led by the momentum recorded across all economic platforms during the reference period, reported state news agency Wam, citing data released by the Statistics Centre - Abu Dhabi.

In more detail, the Emirate's GDP during the first quarter of 2019 increased 5.7 percent to Dh 207.2 billion from Dh196 billion in the comparable period of the year before.

The emirate's economy maintained its mobility in Q2 2019, which resulted in further raising the GDP to Dh207.7 billion, up 5.2 percent from Dh197.4 billion in the second quarter of 2018.

During the third quarter, the GDP grew 2.7 percent to Dh205 billion from Dh199.5 billion during the comparable period of 2018.

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