Abu Dhabi – Mubasher: Abu Dhabi’s Gross domestic product (GDP) is expected to rise by 5.2% in 2015, versus 4.4% in 2014, according to Rashed Ali Abdulla Al Zaabi, acting executive director of planning and statistics at Abu Dhabi's Department of Economic
Al Zaabi said, on the sidelines of UAE Economic Outlook 2016 conference, that the emirate’s average daily production of oil is expected to increase 4.2% in 2016, and the real GDP growth rates are projected to reach 4.3% between 2015 and 2019.
He also forecasted an increase of 4.6% in the real non-oil GDP growth in 2015, 5.3% in 2016, and 5.9% in the period between 2015 and 2019.
Price-wise, expectations showed an increase in inflation rate by 4% between 2015 and 2019.
Abu Dhabi annual GDP multiplied more than five times in the past 10 years to reach AED 960.1 billion in 2014, versus AED 931.8 billion in 2013, with a growth of 3%, according to figures by the Statistics Centre Abu Dhabi’s (SCAD).
