INSEAD Day 4 - 728x90

Economy

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

Agthia profit, dividend jump

Transformation lifts earnings, cash generation.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

UAE GDP grows 18.8% at current prices in 2021, says federal body

UAE Islamic banking sector assets continued to grow in 2022 to account for 23.0% of total UAE banking sector assets.
By TRENDS Desk
September 21, 2022 10:08 am
  • The centre’s data showed that non-oil GDP at constant prices grew by 5.8 percent to $0.33 trillion in 2021, compared to around $0.27 trillion in 2020
  • According to the FCSC, the contribution of extractive industries, such as crude oil and natural gas, to GDP at fixed prices fell from 28.7 percent in 2020 to 27.4 percent in 2021

Abu Dhabi, UAE – The Federal Competitiveness and Statistics Centre (FCSC) announced on Tuesday that the country’s gross domestic product (GDP) grew at constant prices by 3.9 percent, and at current prices by 18.8 percent in 2021.

The centre’s data showed that GDP at constant prices increased to AED1.499 trillion in 2021 from AED1.442 trillion in 2020 while non-oil GDP at constant prices grew by 5.8 percent to AED1.087 trillion in 2021, compared to around AED1.028 trillion in 2020.

According to the FCSC, the contribution of extractive industries, such as crude oil and natural gas, to GDP at fixed prices fell from 28.7 percent in 2020 to 27.4 percent in 2021, after declining by 0.7 percent from AED414.175 billion to AED 411.39 billion last year.

 

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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