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UAE’s GDP grows 4.8 percent in 2014

05 Jan 2015

(MENAFN) The UAE’s Ministry of Economy said that the country’s GDP is expected to register an increase to reach USD419.24 billion in 2014, compared to USD400.19 billion in 2013, recording an approximate growth of 4.8 percent, Saudi Gazette reported.

The Ministry also said that the UAE’s cumulative FDI has stood at USD60.70 billion from 2006 to 2013, bringing its total cumulative balance to USD105.35 billion from various countries around the world, with the UAE attracting USD10.5 billion of FDI in 2013 in comparison with SD9.6 billion in 2012, a growth by 9 percent.

“The latest International Monetary Fund (IMF) forecast show a 3.3 per cent growth in international economy in 2014 and 3.8 percent in 2015,” The UAE’s Ministry of Economy said.

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