NO. 40


Financial andBanking News

Public Finance

UAE Per Capita GDP Falls In 1994

The UAE Minister of Economy and Commerce, Mr. Sa'id Ghobash said that the2.9% increase in gross domestic product (GDP) of the UAE to Dh134,813mn($36,734mn) in 1994 from Dh130,972mn ($35,687mn) in 1993 was less than the 7.0%increase in population to 2.23mn in 1994. Quoting figures released by the UAECentral Bank and Ministry of Planning, the minister adds that as a result percapita GDP fell 3.8%...