No. 33



UAE Oil Sector Share In GDP Decreases As BOP Surplus Falls

UAE gross domestic product (GDP) at factor cost and current prices in 1997 increased1.2% to Dh176.3bn ($48.0bn) from Dh174.2bn ($47.4bn) in 1996 according to the 1997Annual Report of the Central Bank of the UAE. However the contribution of the oilsector to GDP fell 5.9% in 1997 to Dh53.5bn ($14.6bn) as a result of the decline in oilprices, while that of the non-oil sectors increased 4.6% to Dh122.8bn...