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

 

Celebrity News

Christina Hendricks wore Sutra to the Los Angeles Confidential Magazine in Los Angeles

Rachel McAdams wore Messika to "Southpaw" Screening in Los Angeles

Sophie Marceau wears Chopard to the 18th Shanghai International Film Festival

Calendar of Events

Exhibition & Events

Singapore Jewellery & Gem Fair to return as the region’s largest jewellery marketplace in October 2015

Dubai Watch Week event to be start in October

Watches&Wonders to start its Third Edition in Hong Kong

Our Group Websites

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

Get Adobe Flash player