Abu Dhabi – Mubasher: The gross domestic product (GDP) of the emirate of Abu Dhabi at current prices grew 17.3% to AED 236 billion ($64.25 billion) in the third quarter of 2018, compared to AED 201 billion ($54.72 billion) in the same period of 2017, according to data released by the Statistics Centre − Abu Dhabi (SCAD).
Oil GDP at current prices jumped 46.3% year-on-year to AED 98.2 billion in Q3-18, compared to AED 67.1 billion, accounting for 41.5% of the emirate’s GDP.
Meanwhile, non-oil GDP at current prices rose 2.8% to AED 138 billion in the period from July to September 2018, compared to AED 134 billion in Q3-17, contributing 58.5% to GDP in Q3-18.
Abu Dhabi’s overall GDP at current prices soared 7.0% to AED 814 billion, compared to AED 760 billion in 2016, SCAD’s 2017 annual economic survey showed, attributing the GDP growth to the 14.9% hike in oil GDP at current prices to AED 277 billion.
It added that the emirate’s non-oil GDP at current prices grew 3.3% to AED 537 billion in 2017, compared to AED 519 billion.
Non-oil activities and sectors had achieved varying growth rates within the emirate of Abu Dhabi, said SCAD chairman Rashed Lahej Al Mansoori.
