Abu Dhabi – Mubasher: Abu Dhabi’s economy saw a 2.3% growth year-on-year in the second quarter of 2016, according to a report by the Statistics Centre Abu Dhabi (SCAD).
The emirate’s GDP reached AED 198.833 billion in Q2-16, compared to AED 194.338 billion on Q2-15. Meanwhile, the GDP amounted to AED 194.358 billion in Q1-16.
Oil value added at constant 2007 prices amounted to AED 96.466 billion in Q2-16, representing 48.5% of the emirate’s GDP, the report highlighted.
Non-oil value added at constant 2007 prices grew to AED 102.367 billion in Q2-16, accounting for 51.7% of the GDP.
The production of non-financial corporations stood at AED 185.345 billion in Q1-16, up 2.2% from AED 181.182 billion.
