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Non-Oil Activities Contribute 72.5 Percent Of Abu Dhabi 2016 GDP Of AED791.371 Billion |
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Abu Dhabi's 2016 Gross Domestic Product at current prices surged to AED791.371 billion, posting an annual growth of 2.8 percent over 2015 GDP of AED770.11, with non-oil activities contributing a staggering and unprecedented 72.5 percent of the GDP- the highest since the emirate's shipment of its first crude in the1960s , according to the Statistics Centre- Abu Dhabi, SCAD. This came in the SCAD's Statistical Yearbook, SYB, of the Emirate of Abu Dhabi – 2016, released Wednesday. One of the SCAD's key publications, the SYB meets the needs of decision makers, the business community, researchers and all other segments of data users. Commenting on the launch, Butti Ahmed Al Qubaisi, Director General of SCAD, said the SYB 2016 sheds light on a whole range of development indicators in Abu Dhabi, over the past few years, tracking the progress achieved under the wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan; and the unlimited support of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. According to the SYB, the annual per capita GDP amounted to AED267.8 thousand, which is considered among the world's highest and the total fixed capital formation was AED167.227 billion in 2016, while the compensation of employees was AED227.743. Reflecting the Emirate’s robust and highly developed level of commercial activity and the significance of foreign trade to the economy in general, non-oil activities contributed a staggering and unprecedented 72.5 percent of the GDP- the highest since the emirate's shipment of its first crude in the1960s , according to the Statistics Centre- Abu Dhabi, SCAD. |
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