FINANCIAL NEWS

Abu Dhabi’s 2011 oil exports’ income grows to USD107.08b

06 Nov 2012

(MENAFN) Statistics Center Abu Dhabi announced that the emirate’s income from exports of oil, gas and oil products in 2011 grew to USD107.08 billion, reported Khaleej Times.

In the year, total output of petrochemical products surged 38.5 percent to 2.789 million metric tons compared with 2.014 million metric tons in 2010.

Also in 2011, exports of petrochemicals soared 62.2 percent from the previous year.

On the other hand, exports of non-oil products rose to USD3.12 billion.

The capital’s gross domestic product (GDP) expanded by 6.8 percent last year, compared with 3 percent in 2010.

In 2011, the hydrocarbon sector grew by 9.4 percent, the financial and insurance sector by 10.5 percent, and the manufacturing sector by 9.8 percent.

Last year, per capita GDP grew to USD77,929 up from USD40,200 a year earlier.

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