UAE’s GDP increases 3.3 percent in 2011

Increase FontSizeDecrease FontSize
19-Feb-2012

According to the Economist Intelligence Unit (EIU), UAE’s economy has recorded a notable recovery in 2011 growing by around 3.3 percent, from 1.4 percent in 2010. EIU added that due to the slowdown in government spending that originated in the second quarter of the year and was implemented throughout the rest of 2011, growth was revised down to 3.3 percent. It also said that as a result of a surge in oil production, gross domestic product (GDP) in 2012 would be expected to grow by 3.5 percent. It is worth noting that UAE’s GDP recovered by 1.4 percent from around $262.24 billion in 2009 to around $266 billion in 2010, according to government data.

 

Post a comment

 

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Celebrity News

Candace Cameron-Bure wears Yoko London and Hearts on Fire to the 43rd Annual Daytime Emmy Awards

Celebrities shine in CHANEL to the 2016 Costume Institute Benefit Gala in New York

Cheryl Cole shines in de GRISOGONO jewelry

Calendar of Events

Exhibition & Events

Dubai Watch Week announces the theme and venues for its second edition

The 24th edition of the Abu Dhabi International Jewellery and Watch show

Van Cleef & Arpels inaugurates The Art & Science of Gems exhibition

Our Group Websites

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player