Cash And Trade Magazine For Cash and Trade professionals in the Middle East
Strong oil prices allied with an expansion in all non-hydrocarbon sectors boosted Abu Dhabi’s GDP by 7.7 per cent in current prices in 2012, according to official data.
From around Dh846.68 billion in 2011, the emirate’s nominal GDP, the largest in the UAE, expanded to a record Dh911.59 billion in 2012, say figures issued by the Abu Dhabi Statistics Bureau.
The non-oil GDP swelled by about 9.6 per cent and the report showed all non-hydrocarbon sectors recorded growth.
Growth was put at 14.9 per cent in administrative and subsidy service, 14.8 per cent in technical, scientific and vocational activities, 14.5 per cent in trade, 13.4 per cent in transport and storage, 11.5 per cent in food services, 11.2 per cent in manufacturing, 10.9 per cent in social services, and 10.1 per cent in electricity and water.
The report showed growth in the emirate’s GDP has been so high over the past years that it more than doubled in 2012 compared with 2005, when it stood at Dh383 billion.
The non-oil sector more than tripled to Dh744 billion from Dh167 billion.
