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Abu Dhabi / WAM
The Abu Dhabi Gross Domestic Product (GDP) increased, as per the current prices, by 6.00 percent during the 1st quarter of 2016, compared to the same period in 2015 on the back of an 8 percent rise in the added value of oil businesses and a 5.1 percent increase in non-oil businesses. This came in a report released by Abu Dhabi Statistics Centre (ADSC), on the latest economic developments in the Emirate of Abu Dhabi during the 4th quarter of 2016. The report revealed a significant growth in oil and non-oil business activities.
GDP is one of the key economic indictors that helps formulate the economic policies of the emirate, said Butti Ahmed Mohamed bin Butti Al Qubaisi, Director-General of ADSC.
Non-oil businesses account for
69.5 percent of Abu Dhabi GDP as per the current prices during the last quarter of 2016, while oil businesses represent 30.5 percent merely, Al Qubaisi said.