UAE
Abu Dhabi Economy Booming at 9-Year High, GDP Hits $75.3 Billion in Q1
Abu Dhabi’s booming economy hit a nine-year high in the first three months of this year, according to official Statistics Centre statistics.
This growth was driven by the robust performance of non-oil economic activities in the emirate.
Statistics Centre – Abu Dhabi (SCAD) released estimates showing that Abu Dhabi’s Gross Domestic Product (GDP) grew by 3.9 per cent in the first quarter of 2023 compared to the same period in 2022.
The statistics indicate a remarkable 6.1 per cent growth in non-oil GDP during the first quarter of 2023, propelled by exceptional performances in construction, wholesale and retail trade, transportation and storage, and financial and insurance services.
