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FINANCIAL NEWS
Dubai’s 2011 real GDP up by USD2.72b
28 May 2012
(MENAFN) Dubai’s Statistics Centre’s executive director, Aref Al Muhairi, announced that last year, the emirate’s real gross domestic product (GDP) expanded by nearly USD2.72 billion to USD83.34 billion, from nearly USD80.59 billion in 2010, reported Emirates 24/7.
Al Muhairi said that trade, which grew by around 5.8 percent during the year, accounted for 30.7 percent of Dubai’s overall GDP.
He added that exports reached USD26.70 billion, with a surge of 44.3 percent from the USD18.50 billion recorded a year earlier, whereas imports jumped by 21.4 percent.
It is worth noting that in 2011, Dubai’s hotels and restaurants sector climbed by around 13.9 percent, whereas transport and communications sector rose by 2.7 percent.
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