Abu Dhabi – Mubasher: The UAE’s real growth of gross domestic product (GDP) increased by 1.7% year-on-year in the full-year 2018, state-run news agency WAM said.
The UAE’s GDP recorded AED 1.442 trillion ($393 billion) last year, compared to AED 1.418 trillion in 2017, according to the Federal Competitiveness and Statistics Authority (FCSA).
The growth in the UAE’s economy was attributed to an increase in oil resources, resulting from the hike of global oil prices, economy minister Sultan bin Saeed Al Mansoori revealed.
The oil and natural gas sector represented 25.9% of the GCC country’s total GDP.
