FINANCIAL NEWS

Abu Dhabi 2010 oil income surges by USD22b

03 Oct 2011

(MENAFN) Abu Dhabi’s government said that last year, the emirate’s oil income soared by USD22 billion as a result of increasing oil prices and higher production, reported Emirates 24/7.

The government added that in the year, Abu Dhabi’s oil exports’ value surged to USD75.8 billion compared with USD53.5 billion recorded in the previous year.

It also said that nominal gross domestic product (GDP) grew 15.8 percent from USD145.7 billion in 2009 to reach around USD168.8 billion, whereas the emirate’s total exports in 2010 reached USD81.8 billion from USD58 billion a year earlier.

It is worth noting that the expand in GDP increased Abu Dhabi’s per capita income from USD79,792 in 2009 to USD85,835 in 2010.

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