Abu Dhabi: Abu Dhabi’s Gross Domestic Product (GDP) reached Dh209 billion in the third quarter of 2015 (at current prices) and roughly Dh200 billion at constant prices. The figure marks a 5.5 per cent increase over the Dh189.6 billion recorded in the third quarter of 2014 (in constant prices).
According to estimates by the Statistics Centre — Abu Dhabi (Scad), non-oil activities contributed to a growth rate of 11.8 per cent in the emirate’s GDP at current prices, and a 7.1 per cent increase at constant prices during the third quarter of 2015 compared to the same quarter in 2014.
The contribution of non-oil activities and sectors to the GDP at current prices amounted to 63.5 per cent during the first quarter of 2015, but then dropped to 61 per cent during Q2 2015, and rose again to 65 per cent during the third quarter of 2015.
Khalifa Al Mansouri, acting undersecretary of the Abu Dhabi Department of Economic Development (DED), said that Scad’s estimates of the emirate’s GDP were consistent with the economic forecasts announced by DED last December.
Grounds for optimism
He added that the results of Scad’s estimates for the third quarter of 2015 give grounds for optimism on the outcomes of the policy of Abu Dhabi’s government, which aims at strengthening the contribution of non-oil sectors to GDP.
In a statement issued on Saturday, DED said that the value added at current prices for non-oil activities in Abu Dhabi amounted to Dh135,753 billion during the third quarter of 2015.
That value added at constant prices for non-oil activities in the emirate rose by 7.1 per cent during the quarter, while the value added at constant prices for oil activities increased by 3.9 per cent during the same period.
