The GDP at constant prices of the UAE reached 368.52 billion dirhams during the first quarter of the year 2020, of which 252 billion dirhams were for non-oil output, which is the same level recorded in the same quarter From the year 2019 approx.
According to the Emirates News Agency, the statistics of the Federal Competitiveness and Statistics Authority showed that the country's GDP at current prices reached 362.8 billion dirhams, of which 282.61 billion dirhams for the non-oil gross product. / p>
The figures show that the state's total oil output at constant prices / extractive industries includes crude oil and gas / achieved a growth of 3.3% during the first quarter of 2020, reaching a level of 116.574 billion dirhams Compared to nearly 112.82 billion dirhams in the same quarter of 2019, thus, its contribution to the gross product reached 31.6%.
and the GDP of the non-financial projects sector, excluding the oil sector, reached approximately 201.4 billion dirhams during the first quarter of this year at constant prices and a contribution of 54.6%, while the output of financial activities reached Insurance activities amounted to 31.72 billion dirhams, with a contribution of 8.6% of the state’s total GDP.
As for the output of the public administration and social security sector, it reached 18.83 billion dirhams during the first quarter of 2020, with a contribution of 5.1%.
Mohammed Hassan, Executive Director of the Statistics and National Data Sector, at the Federal Competitiveness and Statistics Authority, said that the UAE's GDP figures for the first quarter of 2020 confirm the strength The national economy, especially in light of the current circumstances in which the world is living, and it also confirms the ability of the country's economy to deal with all developments and emergency economic conditions.
He explained in a special statement to the Emirates News Agency that most of the GDP figures for the first quarter of this year reflect positive indicators and indicate that the coming period will witness growth in the performance of activities. The non-oil support of the national economy, which has become classified by many international institutions among the economies with high potential in readiness to develop and increase productivity.
He added that the flexible financial and economic policies pursued by the UAE contribute to supporting and stabilizing the national economy and enabling the state in the final outcome to maintain its pioneering role in progress and development at various levels. Foremost among them are the economic and commercial levels.
It is indicated that the GDP is the negative value ...
