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FINANCIAL NEWS
Abu Dhabi’s GDP jumps 5.5 percent to USD 54.43bn
23 Mar 2016
(MENAFN) Abu Dhabi’s gross domestic product (GDP) touched almost USD 54.43bn by the end of Q3 of 2015, with an increase rate of 5.5 percent compared to 2014.
Accordingly, non-oil GDP increased at a rate of 7.1 percent across the cited quarter of 2015 compared a rate of 3.9 percent for oil GDP.
However, falling oil prices, weaker performance of emerging markets and commodity-exporting markets, have affected some of Abu Dhabi’s growth.
The whole value of Abu Dhabi’s non-oil commodity foreign trade between Jan to Sep 2015 touched USD 33.58bn, up 9.5 percent compared to 2014.
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