Economy of biggest emirate now larger than in 2008 driven by oil sector growth
Abu Dhabi’s economy grew by 6.8 per cent in 2011, according to the latest figures released by the Statistics Centre - Abu Dhabi (Scad).
GDP in the emirate rose to AED606.6bn, driven by 9.4 per cent growth in the hydrocarbons sector. The statics agency said the figures indicated that the Abu Dhabi economy had bounced back from the financial crisis and is now bigger than it was in 2008 for the first time. Scad said that the oil sectored for 52.4 per cent of the economy of Abu Dhabi. Inflation was 1.9 per cent, down from 3.1 per cent in 2010.
The latest figures put GDP per capita for the emirate at AED286,000 at constant 2007 prices.
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