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FinancialNews
03-04-19
Abu Dhabi jumps 12.9 percent in GDP growth
(MENAFN) Abu Dhabi recorded a 12.9 percent boost in its GDP growth for the final quarter of last year, WAM reported based on data Abu Dhabi Statistics Centre (SCAD) issued.
At current prices, Abu Dhabi's GDP registered a 14.2 percent surge to stand at USD253.5 billion while the GDP at constant prices jumped 2 percent, the report revealed.
This boost Abu Dhabi witnessed, according to the report, is driven by the sharp 33 percent increase in the oil sector.
Meanwhile, the report added, non-oil activities posted a 1.6 percent raise by the end of 2018 while recording a 2.1 percent jump in the third quarter.
MENAFN0304201900450000ID1098338551
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