VOL XL

No. 02

13-January-1997

UAE

UAE Economic Statistics

The gross domestic product (GDP) of the UAE atcurrent prices increased by 9% to Dh157bn ($42.8bn) in 1996 from Dh144bn ($39.2bn) in1995, according to statistics published by the Emirates Industrial Bank (EIB). Thecontribution of the oil sector to GDP rose by 15% to Dh56.6bn ($15.4bn) in 1996 fromDh49.2bn ($13.4mn) in 1995 as a result of a 20% increase in oil prices. The contributionof the non-oil sector to GDP also rose by 6.3% to Dh101bn...