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06-Jan-2019

Abu Dhabi's 3Q18 GDP rises 17% Y-o-Y

Abu Dhabi's overall GDP rose 17.3% reaching AED236bn at current prices for 3Q18, as the three-year recovery in oil prices, a pick-up of the non-oil economy as well as economic reforms bolstered growth, according to figures from the Statistics Centre Abu Dhabi (SCAD). Oil GDP for 3Q18 surged 46.3% to reach AED98.2bn compared with AED67.1bn for the same period last year. Its contribution to the overall economy stood at 41.5%, according to SCAD. Non-oil GDP for Abu Dhabi increased by 2.9% in the third quarter to reach AED138.4bn and its contribution to overall GDP was 58.5% for the quarter. 

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