Figures issued by the Federal Competitiveness and Statistics Authority showed that the gross domestic product at constant prices of the UAE reached 368.52 billion dirhams ($ 100 billion) during the first quarter of 2020, of which 252 billion dirhams ($ 68.5 billion) was for non-oil output, thus maintaining the same level recorded. In the corresponding quarter, around 2019.
The GDP of the UAE at current prices reached 362.8 billion dirhams (98.7 billion dollars), of which 282.61 billion dirhams (76.9 billion dollars) was the non-oil GDP. While the total oil output of the UAE at constant prices (extractive industries including crude oil and gas) grew by 3.3 percent during the first quarter of 2020, reaching a level of 116.5 billion dirhams ($ 31.7 billion) compared to 112.8 billion dirhams (30.7 billion dollars) in the same quarter in 2019. Thus, its contribution to the gross product reached 31.6%.
The GDP of the non-financial projects sector, excluding the oil sector reached 201.4 billion dirhams (54.8 billion dollars) during the first quarter of this year at constant prices and a contribution of 54.6 percent, while the output of financial activities and insurance activities amounted to 31.72 billion dirhams (8.6 billion dollars), and a contribution of 8.6 percent of the total GDP.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
