Abu Dhabi data point to stable growth
Emirate reported 10.2% growth in per capita GDP last year
The Emirate of Abu Dhabi managed stable economic growth in 2019 according to Statistical Yearbook of Abu Dhabi 2020, published by the Statistics Centre — Abu Dhabi (SCAD).
Several activities indicated by the Statistical Yearbook showed that Abu Dhabi managed to achieve a high level of economic stability in 2019.
According to SCAD’s estimates, the Gross Domestic Product (GDP) at constant prices grew by 1.5 per cent in 2019 to Dh803.56 billion compared with Dh792 billion 2018.
Per capita GDP at constant prices grew by 10.2 per cent to Dh313.1 thousand in 2019, up from Dh284.1 thousand in 2018. The Gross Fixed Capital
Formation for the year was Dh142.40 billion.
According to official data oil accounted for only 40.8 per cent of Abu Dhabi’s GDP in 2019 and this points to the successful progress of the Emirate’s plans to expand the economic base and diversify the sources of income, SCAD said. Data showed compensation of employees at current prices increased from Dh248.66 billion in 2018 to Dh250.749 million in 2019. The main contributing groups to the rise observed in 2019 were electricity, gas, water and waste management activities,
“arts, recreation, and other services and transportation and storage.
A total of 18,452 new business licenses were issued in 2019. Manufacturing industries accounted for 6.3 per cent of the preliminary estimates of GDP in 2019, and 10.6 per cent of the preliminary estimates of non-oil GDP in 2019.
Internet subscribers
The number of fixed-line internet subscribers per 100 inhabitants was 29, while the number of fixed telephone subscribers per 100 inhabitants stood at 17 in 2019.
Data showed there were 168 hotel establishments in Abu Dhabi in 2019, they hosted around 5.1 million visitors, an increase of 2.1 per cent over 2018.