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FINANCIAL NEWS
Abu Dhabi GDP jumps to USD53.36bn in Q4
11 Jul 2016
(MENAFN) Abu Dhabi’s GDP jumped to USD53.36bn in Q4 of 2015, recording a 7.7 percent increase among the same quarter in 2014.
Moreover, the increase was attributed to the emirate’s non-oil sector, whose GDP grew 8.8 percent at fixed prices and accounted for 50.7 percent of all GDP.
Accordingly, segments such as financial markets, the tourism sector, and non-oil foreign trade posted enhanced performance among the quarter.
Meanwhile, the tourism sector showed that the number of hotel guests in Q1 of this year grew 11 percent over the comparative period in 2015 to 1.11mn guests.
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