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ROBUST ECONOMY

Abu Dhabi's 2017 GDP soars to $227bn at current prices

ABU DHABI, October 2, 2018

The economy of Abu Dhabi continued to perform well in 2017 with its GDP estimates at current prices surging to Dh832.5 billion ($227 billion) compared to Dh760.4 billion ($207.2 billion) the previous year, reported state news agency Wam, citing the Statistical Yearbook of Abu Dhabi 2018 released by the Statistics Centre - Abu Dhabi (SCAD).

''The GDP per capita at current prices amounted to Dh287.7 billion, while total fixed capital formation was put at Dh182.3 billion and the compensation of employees at Dh233.6 billion,'' showed the annual publication, which closely monitors the whole spectrum of indicators that gauge the comprehensive development taking place across the emirate.

GDP at constant prices depicts how much goods and services were produced in volume terms and is measured by holding prices constant.

The figures indicated that GDP at constant prices was Dh785.6 billion in 2017 compared to Dh789.7 billion the year before. The GDP per capita at constant prices stood at Dh271.5 billion compared to Dh271.6 billion in 2016.

SYB 2018 covers a wide range of developments and highlights the major transformations experienced by the emirate in all spheres, including the economy, the population, the society and the environment.




Tags: economy | Abu Dhabi GDP |

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