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FINANCIAL NEWS
Abu Dhabi’s 2030 GDP to exceed USD408b
11 Oct 2011
(MENAFN) Abu Dhabi Department of Economic Development (DED) said that in 2030, the emirate’s real gross domestic product (GDP) would exceed USD408 billion, reported Emirates 24/7.
The department added that 2030’s GDP would be five times more than its 2005 level of USD77.5 billion and triple the GDP recorded last year of USD140.7 billion.
It also said that in 2030, non-oil real GDP would keep its share of more than half the overall economy at USD265.6 billion, whereas the non-oil sector would be expected to expand to USD41.5 billion.
It is worth noting that in 2011, Abu Dhabi’s real GDP would be expected to grow by around 7 percent to USD150.7 billion.
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