45% growth in UAE output in 10 years – the economic – the domestic market

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The gross domestic product of the UAE increased at current prices by more than 45% or 482.4 billion dirhams during the past ten years, reaching 1.546 trillion dirhams at the end of 2019, compared to 1.064 trillion in 2010, according to the Federal Competitiveness and Statistics Authority.

The authority said, in the national accounts report, that the gross domestic product at current prices except oil and gas increased to 1.159 trillion in 2019, up from 1.147 trillion in 2018, an increase of 1.04%, while the gross national income reached 1.554 trillion, and the net national income reached about 1.493 trillion dirhams .

The non-financial projects sector accounted for the largest share of GDP by 1.306 trillion dirhams, compared to about 134.7 billion for financial and insurance activities, 105.56 billion for public administration and compulsory social security, and 10.04 billion for household activities as an employer.

In the non-financial projects sector, strategic industries, including crude oil and natural gas, acquired the largest share at 387.05 billion dirhams, then wholesale and retail trade, and repair of motor vehicles and motorcycles with 192.7 billion, followed by manufacturing industries by 134.88 billion, and transportation and storage 90.7 billion And 44.7 billion for information and communications.

In another context, the country’s GDP, according to fixed prices, increased to 1.486 trillion dirhams last year, an increase of 1.68% compared to 1.461 trillion in 2018.

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