Abu Dhabi – Mubasher: Abu Dhabi’s gross domestic product (GDP) rose 9% to AED 223.6 billion in the first quarter of 2018, compared to AED 205.1 billion in the year-ago period.
Oil GDP grew to AED 86.6 billion in the three-month period ended March, up 18% from AED 73.4 billion in Q1-17, accounting for 38.8% of the emirate’s total GDP, according to the quarterly bulletin issued by the Statistics Centre − Abu Dhabi (SCAD).
Data showed a growth in oil- and non-oil sectors in Abu Dhabi during Q1-18, as compared with the same period last year.
Meanwhile, non-oil GDP increased by 4% at the end of March to reach AED 136.9 billion, versus AED 131.7 billion in Q1-17, making up 61.2% of total GDP.
