«Competitiveness and Statistics»: 208.8 billion dirhams, the value of the increase in it

The wages, salaries and benefits of “workers” recorded a growth of 73.5% in 11 years

The Federal Center for Competitiveness and Statistics revealed the growth of workers' compensation (total wages and salaries of workers, etc.), the value of national savings and final consumer spending during 11 years.

Workers' compensation

The center explained that the total “compensation of workers” in the country during the year 2020 amounted to 493 billion and 93 million dirhams, compared to 284 billion and 257 million dirhams in 2010, an increase of 208 billion and 836 million dirhams, and a growth of 73.5% during 11 years, making the UAE one of the highest The countries of the region in terms of wages, salaries and benefits they provide to workers.

The "workers' compensation" item, according to the global definitions used by local and international statistical centers, includes: salaries, wages, allowances, bonuses, travel tickets, health insurance, end-of-service benefits, fees, cash commissions, retirement salaries, and social assistance.

The wages of workers in the wholesale and retail trade and the repair of motor vehicles and bicycles came the highest, with a value of 64 billion and 720 million dirhams, followed by the wages of workers in construction and building with a value of 54 billion and 568 million dirhams, then the wages of workers in the manufacturing industries with a value of 44 billion and 827 million dirhams.

The "non-financial projects" sector accounted for the largest share of wages and salaries by about 376 billion dirhams, during the past year, while the wages and salaries of the public administration and compulsory social security exceeded 93 billion dirhams, and the total salaries of financial and insurance activities exceeded 24 billion dirhams.

national savings

Finally, the annual National Accounts Estimates 2020 report issued by the Center revealed that the value of national savings during the year 2020 amounted to 399 billion and 294 million dirhams, despite the “Covid-19” pandemic, compared to 389 billion and 82 million dirhams in 2010, an increase of $ 10 billion and 212 million dirhams, with a growth rate of 2.6%.

According to the report, the per capita share of national savings during 2020 amounted to more than 43 thousand dirhams.

Consumer spending

The report stated that final consumer spending in 2020 exceeded 701 billion and 25 million dirhams, compared to 556 billion and 298 million dirhams in 2010, an increase of 144 billion and 727 million dirhams, and a growth of 26%.

The total “private consumer spending” in 2020 amounted to more than 515 billion and 567 million dirhams, while “government consumer spending” amounted to 185 billion and 458 million dirhams.

Total private consumption expenditures during 2010 amounted to 449 billion and 543 million dirhams, compared to 106 billion and 755 million dirhams in total government spending.

According to the report, the state's per capita share of "final consumer spending" amounted to 75,500 dirhams, as the per capita share of "private consumption expenditures" amounted to 55,500 dirhams, while the per capita share of "government consumer spending" amounted to 20 thousand dirhams.

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