According to Minister of Economy Sultan bin Saeed Al Mansouri To deliver its Vision 2021 The UAE is on the right track as a rise in oil revenues and strong performance of non-oil activities led to a 1.7% growth rate in its GDP in 2018 compared to 2017, .
for 2018 the minister cited preliminary macro-economy indexes issued by the Federal Competitiveness and Statistics Authority (FCSA) .
To diversify the country’s economy away from oil by developing its non-oil sectors is the UAE Vision 2021 aims .
at the end of 2017 to over $392 billion in 2018FCSA’s statistics show the country’s real GDP increased at real prices (base year 2010) from $386bn .
Moreover,at the end of 2018 compared to the year before GDP of non-oil sectors rose 2.9% at current prices and 1.3% at constant prices to $306 million .
To the UAE’s GDP the oil and gas sector contributed 25.9% , while retail and whole trade contributed 11.2%, according to statistics followed by financial services at 9.2%, manufacturing at 8.9% and building and construction at 8.3%, .
In 2018 compared to 2017 as for oil activities, they grew 35.1% .
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