Arab Today, arab today dubai’s gdp grew 46 2013 as per statistics centre
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Dubai’s GDP grew 4.6% 2013, as per Statistics Centre

Arab Today, arab today

Arab Today, arab today Dubai’s GDP grew 4.6% 2013, as per Statistics Centre

Dubai city
Dubai - WAM

Dubai's economy expanded 4.6 per cent year on year in 2013, up from 4.1 per cent in 2012 according to Dubai Statistics Centre (DSC).
The DSC report showed that the fastest growing sector in Dubai last year was once again hospitality, which recorded 13 per cent growth, the third consecutive year of double-digit growth in this sector.
This was followed by manufacturing sector which grew 8.1 per cent year on year, social and personal services with 6.8 per cent growth and transport, storage and communication that grew 5.6 per cent.
"Although the official growth rate for Dubai was largely in line with our long-standing forecast of 4.5 per cent, recently released 2013 GDP data for Abu Dhabi (5.2 per cent) and the whole of U.A.E. (also at 5.2 per cent), published by Statistics Centre Abu Dhabi and the National Bureau of Statistics respectively, implied that Dubai's growth should have been of a similar magnitude,” said Khatija Haque, Head of MENA Research at Emirates NBD.
Dubai accounts for approximately 30 per cent of the U.A.E.'s GDP. As expected, the construction sector expanded for the first time since 2008, albeit marginally, at just 1.3 per cent year on year.
Real estate and business services grew 4.7 per cent year on year, slower than the 5.4 per cent growth achieved in 2012. Retail and wholesale trade, which accounts for around 30 per cent of Dubai's economy, grew 3.5 per cent last year up from 1.4 per cent in 2012.
Financial services growth also accelerated to 3.6 per cent last year from 2.2 per cent in 2012. In contrast, government services grew 1 per cent in 2013, down from 6.4 per cent in the previous year, as the Dubai government further consolidated the budget.
The International Monetary Fund (IMF) and the Institute of International Finance (IIF) have forecast Dubai's GDP growth in excess of 5 per cent in 2014. While construction and real estate sectors are expected to drive the strong growth other key sectors trade, transport and tourism are expected remain robust.
Leading financial indicators such as equity market valuations, real estate prices, business confidence index and the evolution of credit default swaps (CDS) [the cost of insuring against default] point towards strong non-oil sector growth this year. Dubai's sovereign CDS spreads declined from 226 basis points (bps) in 2012 to 155 at the close of the first quarter of this year indicating improved market confidence in government debt and creditworthiness of government related entities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai’s gdp grew 46 2013 as per statistics centre Arab Today, arab today dubai’s gdp grew 46 2013 as per statistics centre

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai’s gdp grew 46 2013 as per statistics centre Arab Today, arab today dubai’s gdp grew 46 2013 as per statistics centre

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday