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

  • 4/18/2022
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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. FASTFACTS 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 Hotels and restaurants had a growth rate of 21.3 percent, wholesale retail trade by 14.1 percent, and health and social services activities by 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.

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