UAE: Non-oil sector's contribution to GDP hit 72.3% in 2021

UAE: Non-oil sector's contribution to GDP hit 72.3% in 2021

The UAE’s non-oil sector contribution to the GDP amounted to 72.3 percent in 2021, up from 71.3 percent in 2020, data by the Federal Competitiveness and Statistics Center, revealed.

The hotels & restaurants, wholesale & retail and health & social services sectors contributed 21.3 percent, 14.1 percent and 13.8 percent respectively, during the reference period.

It's noteworthy that the UAE’s GDP at constant prices achieved a growth of 3.8 percent in 2021, exceeding the forecasts of relevant international institutions, which expected the growth of the country's GDP for the same year to reach 2.1 percent.

News Source: Emirates News Agency

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