A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Tuesday, March 19, 2024

Dubai’s GDP grew 4.6% in 2013

 

Dubai’s GDP grew 4.6% in 2013
Dubai’s GDP grew 4.6% in 2013

(Dubai) – Dubai’s economy expanded 4.6 per cent year on year in 2013, up from 4.1 per cent in 2012 according to Dubai Statistics Centre (DSC). The DSC report showed that the fastest growing sector in Dubai last year was once again hospitality, which recorded 13 per cent growth, the third consecutive year of double-digit growth in this sector.
This was followed by manufacturing sector which grew 8.1 per cent year on year, social and personal services with 6.8 per cent growth and transport, storage and communication that grew 5.6 per cent.
“Although the official growth rate for Dubai was largely in line with our long-standing forecast of 4.5 per cent, recently released 2013 GDP data for Abu Dhabi (5.2 per cent) and the whole of U.A.E. (also at 5.2 per cent), published by Statistics Centre Abu Dhabi and the National Bureau of Statistics respectively, implied that Dubai’s growth should have been of a similar magnitude,” said Khatija Haque, Head of MENA Research at Emirates NBD.
Dubai accounts for approximately 30 per cent of the U.A.E.’s GDP. As expected, the construction sector expanded for the first time since 2008, albeit marginally, at just 1.3 per cent year on year.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.

RELATED ARTICLES

UAE & Turkmenistan expand Economic ties

Turkmenistan's Berdimuhamedow urges UAE collaboration in gas field development....

Crown Prince Appreciates the World Governments Summit Team

The Crown Prince Appreciates the valuable efforts of the...

WTO Promotes Consensus

The final World Trade Organization General Council meeting before...

UK and Azerbaijan celebrate growing bilateral relations

UK PM Rishi Sunak congratulated President Ilham Aliyev on...

World Government Summit brings Global leaders to Dubai

The pre-summit day of the World Governments Summit (WGS)...

HH Shiekh Mohammed bin Rashid Meets Youth

Sheikh Mohammed bin Rashid Al Maktoum met with Arab...

Shiekh Hamdan Bin Zayed Honors Environmental Achievers

His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s...

Princess Kate shares a Message after meeting HM the King

Prince William and Kate Middleton share a Children's Mental...

HM King of Sweden to visit Europe

King Frederik X of Denmark and Queen Mary will...