| Kippreport.com

Abu Dhabi sees GDP acceleration next year

September 24, 2012 3:44 by Reuters

Abu Dhabi, the largest economy in the United Arab Emirates, is expected to post gross domestic product growth of 3.9 percent this year, the Abu Dhabi Department of Economic Development said in a statement on Monday.

The department also forecast that growth would accelerate to a 5.7 percent annual rate in 2013-2016. It predicted growth in non-oil GDP of 5.5 percent this year, accelerating to an average of 6.5 percent in the 2013-2016 period.

Abu Dhabi does not regularly release GDP data, but officials estimated late last year that the emirate’s economy would expand about 4.5 percent in 2011.

Tags: Abu Dhabi, abu dhabi gdp, GDP