Abu Dhabi’s 2010 non-oil sector 50.3% of GDP
27 Jul 2011
(MENAFN) Statistics Centre Abu Dhabi (Scad) said that in 2010, non-oil sector’s contribution to the emirate’s gross domestic product (GDP) reached 50.3 percent, reported The National.
The agency added that in current prices, Abu Dhabi’s GDP rose by 15.9 percent to USD168.85 billion from USD148.6 billion in 2009, whereas growth in the non-oil sector reached 5.6 percent in current prices.
It also said that the oil sector participated with 49.7 percent of the emirate’s GDP up from 49 percent in 2009 due to increasing oil prices and a growth in oil production.
It is worth noting that the emirate of Abu Dhabi plans to diversify its economy from relying on the oil sector by expanding investments in the tourism, finance, industry and property sectors.