“Output” reached 1.31 trillion dirhams in 2020, with a growth of 2610% over 45 years.

142 thousand dirhams per capita GDP in the UAE

Yesterday, the Federal Center for Competitiveness and Statistics reported that the per capita GDP in the country amounted to 142 thousand dirhams during 2020, registering an increase of 35.9%, compared to 1975, in which it amounted to 104.52 thousand dirhams, which indicates an increase in the level of luxury and the standard of living. in the state.

In a report it issued, on the "State's Gross Domestic Product - UAE Figures in a Special Issue" on the occasion of the country's golden jubilee, the center explained that the contribution of the country's non-oil GDP rose to 83% in 2020, while the contribution of oil GDP reached 17%. In a reflection of the successful policy followed by the state to diversify its economic sources and create sustainable development that reinforces solid economic foundations, after the state adopted over the past years a strategy based on diversifying sources of income instead of relying only on the oil sector.

The report noted that the contribution of the oil sector to the GDP began to gradually decline in the interest of increasing growth in the non-oil sectors, on top of which are manufacturing industries, wholesale and retail trade, real estate activities and others, as the percentage of oil GDP reached 57% of the total GDP. , while the percentage of non-oil GDP amounted to 43% in 1975, then the decline in oil GDP continued in favor of the non-oil sectors to reach 55%, compared to 45% for non-oil product in 1980, then the decline continued in 1990 to reach the percentage of oil GDP 39%, and the percentage of non-oil GDP reached 61%, then the percentage of oil GDP reached 29%, compared to 71% of the non-oil product during the year 2000, and the percentage of non-oil GDP continued to rise to reach 69%, and the percentage of oil output reached 31%, in 2010.

The report pointed out that the country's gross domestic product achieved great leaps during the past 50 years of the union, rising from 58.3 billion dirhams in 1975 at current prices to 1.318 trillion dirhams in 2020, an increase of 2610% (in 45 years), noting that Economic growth in the country maintained the upward curve for many years from the seventies of the last century until the end of the second decade of this century, to rise from 161.6 billion dirhams in 1980 at current prices to 186.1 billion dirhams in 1990, then to 383.2 billion dirhams in 2000, to continue to rise to 1.064 .2 trillion dirhams in 2010, reaching 1.318 trillion in 2020.

The Center pointed out that the success achieved by the state in diversifying the economic base was based on several factors represented in increasing the contribution of the private sector to comprehensive development in general, and the development of economic sectors with high added value in particular, indicating that the list of the main economic sectors that contributed to increasing the gains The state in terms of economic diversification is: manufacturing, construction, insurance, finance, real estate, wholesale and retail trade and other sectors.

• 83% of the country's non-oil GDP contribution in 2020.

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