Saturday, 26 May 2018 09:19 GMT

Dubai's GDP hits USD23.02b in Q1

(MENAFN) Dubai's economy had a steady growth and increased by 4.2 percent in the January-March period, Emirates 24/7 reported.

In the first quarter of 2014, the emirate's GDP grew to around USD23.02 billion compared to USD22.12 billion registered in the corresponding period of last year.

In terms of sectors, the light industries grew by 6.8 percent with a contribution of 13.5 percent to Dubai's GDP.

Meanwhile, growth stood at 5.2 percent in transport, storage and communications sectors, 5.1 percent in real estate and business services, while retail and wholesale trade grew by 4.1 percent, and hotels and restaurants increased by 3.9 percent.

Dubai's GDP hits USD23.02b in Q1

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