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FINANCIAL NEWS
Abu Dhabi’s GDP up 7.7% to USD248.12b in 2012
20 Jun 2013
(MENAFN) Statistics Centre � Abu Dhabi (SCAD) released data showing that the emirate’s GDP at current prices showed a record 7.7 yearly growth to USD248.12 billion last year, reported Emirates 24/7.
The official report released by the centre also showed that the climb was from 2011′ USD230.45 billion. It also showed a 9.6 percent hike in the annual growth rate of non-oil sectors.
The data added that Abu Dhabi’s GDP at current prices doubled 2.4 times in the period between 2005 to 2012, rising form USD104.36 billion to USD248.12 billion.
It is worth noting that such results boost Abu Dhabi’s appeal to local and foreign investors as well as highlight the robustness, stability and competitive advantage of its economy.
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