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2019-04-17 10:50:00

ABU DHABI'S GDP UP 14.4%

ABU DHABI'S GDP UP 14.4%

ENA - Abu Dhabi's Gross Domestic Product, GDP, at current prices, increased by 14.4%, from AED 813.6 billion in 2017 to AED 931.0 billion in 2018, according to Statistics Centre - Abu Dhabi, SCAD.

The rise in the GDP was driven by the increase of activity in the value added of 'Mining and quarrying' (including crude oil and natural gas) by 35.7% in 2018 to AED 375.9 billion compared with 14.9% or AED 277.1 billion in 2017. This increase in value added resulted from higher oil prices, noted SCAD in its latest national accounts report.

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Tags: ABU DHABI, UAE, GDP, ECONOMY, FINANCE
Chronicle:
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