UAE’s non-oil sector contribution to GDP reaches 72.3% in 2021

UAE’s non-oil sector contribution to GDP reaches 72.3% in 2021
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Updated 18 April 2022
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UAE’s non-oil sector contribution to GDP reaches 72.3% in 2021

UAE’s non-oil sector contribution to GDP reaches 72.3% in 2021

RIYADH: The UAE’s non-oil sector contribution to the country’s gross domestic product has reached 72.3 percent during 2021, up from 71.3 percent a year earlier, Emirates News Agency reported.

The hotels and restaurants, wholesale and retail and health and social services sectors had the highest growth rates during 2021 compared to 2020, according to data from the Federal Competitiveness and Statistics Center.

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Hotels and restaurants had a growth rate of 21.3 percent

Wholesale retail trade was up by 14.1 percent

Health and social services activities rose 13.8 percent

The report noted that the main sectors haven’t grown to exceed only 2020 rates, but also pre-pandemic levels during the year 2019, indicating the UAE’s economic recovery from COVID-19 repercussions.