Monday, April 24, 2006

Abu Dhabi ranks No 1 in GDP per capita - UAE

Dubai, Apr.12, 2006 (WAM)--The GDP per capita in Abu Dhabi has been ranked highest in the world as it surged to $46,200 (Dh170,000) leaving the fellow GCC states lagging far behind at $13,500 (Dh45,545), according to a study conducted by Abu Dhabi Chamber of Commerce and Industry (ADCCI).

The study, which focused on economic performance for 2005-06, said that the UAE trade surplus for 2005 rose to Dh145 billion and oil and non-oil exports of the country surged by 79.5 per cent to Dh442 billion in 2005 from Dh330.8 billion in 2004.

"Total exports of Abu Dhabi jumped 68.9 per cent in 2005 to Dh193.9 billion, accounting for Dh131 billion of the country's total value of exports," the study said, adding that the figure was a clear indication of the economic boom witnessed by the UAE in general and Abu Dhabi in particular.

A breakdown showed that total imports during 2003 to 2005 increased to Dh337.9 billion in 2005. "Abu Dhabi imports followed suit, growing from 30 per cent to 35.2 per cent in 2005," the figures indicated.

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