VOL. XLI

No. 30

27-July-1998

UAE

Non-Oil Sector Contributes 68.7% Of UAE GDP

Figures released by the UAE Ministry of Planning and the Emirates Industrial Bank (EIB)reveal that efforts to reduce the state's dependence on oil revenue are gaining ground.The decline in UAE oil prices has been offset by the non-oil sector, which contributed to68.7% of total GDP in 1997 as compared to 59% in 1992. The non-oil sector's GDPcontribution increased from Dh77.9bn ($21.2bn) in 1992 to Dh114.2 ($31.0bn) in...