Abu Dhabi’s GDP grows 3.7% in Q4

The added value of non-oil activities of the emirate’s GDP plunged by 1.1% in Q4-18

  
Buildings are pictured at Abu Dhabi commercial center, implemented by Aldar, in Abu Dhabi October 27, 2013. Image used for illustrative purpose.

Buildings are pictured at Abu Dhabi commercial center, implemented by Aldar, in Abu Dhabi October 27, 2013. Image used for illustrative purpose.

REUTERS/Stringer .

Abu Dhabi -   The emirate of Abu Dhabi’s gross domestic product (GDP) at current prices grew 3.7% to AED 203.2 billion in the last three months of 2018, against AED 195.9 billion in the corresponding period of 2017.

The added value of non-oil activities of the emirate’s GDP plunged by 1.1% in Q4-18, compared to 2.2% in Q4-17, according to figures released by Abu Dhabi Statistics Centre (SCAD).

The non-oil sector represented 50% of the total GDP, while the oil sector’s contribution increased by 50% over the same period, Abu Dhabi’s state-run statistics agency noted.

 

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From GCC