Abu Dhabi Economy Grows 2.2%

Abu Dhabi’s economy grew at an estimated 2.2 per cent last year despite the collapse in oil prices as its diversification efforts paid off, according to a report from Statistics Centre Abu Dhabi.

The emirate, the world’s eighth-biggest producer of oil, said its GDP rose to Dh952.6 billion in 2014 from Dh931.7bn in 2013, when GDP rose 2.4 per cent.

The share of non-oil activities in GDP at constant prices increased to 49.5 per cent in 2014 from 38.7 per cent in 2004. Details