Oil Contribution to Abu Dhabi s GDP Shrinks


(MENAFN- Qatar News Agency) The share of oil and natural gas in Abu Dhabis gross domestic product (GDP) fell to 56.1 per cent last year, from 58.1 per cent in 2011, according to the electronic version of the "Statistical Yearbook of the Emirate of Abu Dhabi-2013". According to Statistics Centre Abu Dhabi (SCAD), the emirates annual production of crude oil in 2012 was 948,200,000 barrels, an increase of 3.8 per cent compared with 2011, while the annual production of natural gas rose by 21.1 per cent on year to 2,791,815 million cubic feet in 2012, reported Gulf News. SCAD said Abu Dhabis gross domestic product (GDP) at current prices in 2012 rose 7.7 per cent year on year to Dh911.16 billion, confirming the strength and resilience of the emirates economy.


Qatar News Agency

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