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Abu Dhabi's Non-oil Economy Grows at Fastest Pace in Over a Decade

  • Publish date: Monday، 02 October 2023 Last update: Tuesday، 10 December 2024
Abu Dhabi's Non-oil Economy Grows at Fastest Pace in Over a Decade

Abu Dhabi's non-oil economy grew by 12.3% in the second quarter of 2023, reaching Dh154 billion ($41.96 billion). This is the highest growth rate since 2014 and reflects the emirate's efforts to diversify its economy.

Abu Dhabi's overall economy grew by 3.5% in the second quarter of 2023, driven by the non-oil sector, which grew by 12.3%.

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The strong growth of Abu Dhabi's non-oil economy in the first quarter of 2023 has continued into the second quarter, with the sector reaching a record Dh154 billion.

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Abu Dhabi's total real GDP reached a record Dh287 billion in the second quarter of 2023, with the non-oil sector accounting for 53.7% of that.

This means that Abu Dhabi's economy is growing at a rapid pace, and that the non-oil sector is playing a major role in that growth.

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