UAE GDP grows 18.8% at current prices in 2021
ABU DHABI, September 21, 2022
The UAE Federal Competitiveness and Statistics Centre (FCSC) has announced that the country's gross domestic product (GDP) grew at constant prices by 3.9 percent, and at current prices by 18.8 percent in 2021.
The centre’s data issued on Tuesday showed that GDP at constant prices increased to AED1.499 trillion ($408 billion) in 2021 from AED1.442 trillion in 2020 while non-oil GDP at constant prices grew by 5.8 percent to AED1.087 trillion in 2021, compared to around AED1.028 trillion in 2020, a Wam news agency report said.
According to the FCSC, the contribution of extractive industries, such as crude oil and natural gas, to GDP at fixed prices fell from 28.7 percent in 2020 to 27.4 percent in 2021, after declining by 0.7 percent from AED414.175 billion to AED 411.39 billion last year.
