The UAE's gross domestic product at constant prices jumped in the first half of 2022, by 8.5 percent, to about 817.2 billion dirhams. The non-oil GDP at constant prices also achieved a close growth of 7.8 percent, with a value of nearly 592 billion dirhams.
According to the data of the “Federal Center for Competitiveness and Statistics”, wholesale and retail trade activities accounted for the largest share of the gross domestic product, at a rate of 13 percent, then manufacturing industries 10.8 percent, financial and insurance activities 8.1 percent, construction 8 percent, and real estate activities 5.5 percent.
According to the highest growing activities, the hotels and restaurants sector came first at 31.3 percent, transportation and storage came second at 26.8 percent, health, and social services at 20.1 percent, real estate at 8.7 percent, and wholesale and retail trade at 7.2 percent.
In terms of non-oil foreign trade, for the first time, it achieved the level of one trillion dirhams, with a growth of 18 percent, compared to 848.6 billion dirhams for the first half of 2021. In terms of travel and tourism, the number of guests in hotel establishments for the first half of last year reached 12 million guests. Revenues from hotel establishments rose to about 19 billion dirhams. Whereas, the movement of aircraft in the past year 2021 amounted to approximately 390.8 thousand flights.
Source (Emirati Gulf Newspaper, Edited)
