"Competitiveness and Statistics": 1.31 trillion dirhams of the country's GDP in 2020

The country's gross domestic product achieved great leaps during the first five decades of the union's life, rising from 58.3 billion dirhams in 1975 to 1.317 trillion dirhams in 2020, after economic growth maintained an upward trend for many years from the seventies of the last century until the end of the second decade of The current century, according to the report "The UAE: Figures Documenting the March" issued today by the Federal Center for Competitiveness and Statistics.

The report’s data for the period from 1975 to 2020 indicated that the gross domestic product of the UAE at current prices in 1975 amounted to 58.313 billion dirhams, consisting of 33.38 billion dirhams of non-oil GDP and 24.94 billion dirhams of non-oil GDP.

The report noted that in 1985 the contribution of the oil sector to the GDP began to decline in favor of increasing growth in the non-oil sectors, such as manufacturing industries, wholesale and retail trade, real estate activities, and others. equivalent to 38%, then its contribution to the output gradually began to decline in favor of the non-oil sector, which in turn benefited from the expansion of the base of economic diversification, bringing the contribution of the non-local sector to 83% in 2020.

per capita share.

The report stated that the per capita GDP indicator in the UAE witnessed a continuous increase during the period from 1975-2020, after it rose from 104.5 thousand dirhams in the year 1975 to 108.6 thousand dirhams, to 0.9 thousand dirhams in the year 1985- AH. 1990 as a result of the increase in the population of the countries, to 100.1 thousand dirhams in 1995, then increased again in the year 2000 to 127.94 thousand dirhams, and to 128.78 thousand dirhams in 2010. year 2020.

success indicators.

Show indicators of success in economic diversification in increasing the proportion of the contribution of non-oil sectors in the GDP to about 83 percent in 2020 after it was 43% in 1975, compared to the proportion of the contribution of the sectors of oil decline in output from 57% in 1975 to only 17% in the year 2020.

The report said: "The success achieved by the state in diversifying the economic base was based on many elements, which were represented in increasing the contribution of the private sector to comprehensive development in general and the development of high-value economic sectors."

He noted that the list of the main sectors that contributed to increasing the state's gains in terms of economic diversification included manufacturing industries, construction, insurance, finance, real estate, wholesale trade and other retail sectors.

Historical words.

The report began its pages with historical words of the founder of the state and its leaders, based on the saying of the late Sheikh Zayed bin Sultan Al Nahyan, “may God rest his soul,” that the union lives in my soul, in my heart, and the dearest in my existence, and I cannot imagine one day that I would allow it to be neglected or Complacency towards its future” and the saying of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State “may God protect him”: “The wise successive leadership on the rule of the Union since its establishment until now has taken excellence as its title and sought to achieve it in all areas of building the United Arab Emirates.” .

The report noted the statement of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, "may God protect him": "Fifty years ago, we had a dream... a dream of building a state... a united home... a home for all... and a country that competed with the best countries." The world and the saying of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces: “On the fiftieth National Day, we are proud of what we have achieved over the past decades, and we continue the march of achievements with great determination, stronger will and limitless ambitions.. God bless the parents. The founders and the preservation of the Emirates and the perpetuation of goodness, glory and security on it.

Fifty steps.

Hanan Mansour Ahli, Acting Director of the Federal Center for Competitiveness and Statistics, said: "The report reviews, with numbers and data, the unique boom in growth and development that the country has witnessed during the fifty years of the union's life, as it has become a pioneering, investment and global investment in the UAE. Security and love prevail, and it is based on knowledge, innovation and human values, and peace, prosperity and well-being pervade it.

She added in her speech under the title: "In the footsteps of fifty" in the introduction to the report, the United Arab Emirates succeeded, within a short period of time, in presenting a unique development experience that began in 1971 by the late Sheikh Zayed bin Sultan Al Nahyan, may God rest his soul and parents. The founders, and since that date the government has begun translating building and reconstruction plans and laying the first building blocks for a unique modern state.

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