Abu Dhabi Economic Developments
Gross Domestic Product of Abu Dhabi:
The Abu Dhabi economy achieved a growth of 2.7% In the third quarter of 2019 due to the significant growth in the oil sector during the first three quarters of this year. The oil sector achieved a growth of 6.8% in the third quarter of 2019.
The number of new business licenses issued in the emirate of Abu Dhabi doubled during 2019. The most significant increase in the number of new business licenses was in July 2019 due to the instant license initiative launched by ADDED.
Hotel reservations for guests in Abu Dhabi hotels increased by 3.4% by the end of 2019, and the number of reservations reached about 1.3 million nights in December 2019.
Economic Indicators in Abu Dhabi
Business Confidence Index:
The consumer confidence index improved in the fourth quarter of 2019, driven by optimism about the future financial position.
Consumer Confidence Index:
The consumer confidence index improved in the fourth quarter of 2019 driven by optimism about the future financial position.
- Abu Dhabi Economic Performance Follow-up Report 2018
- Realities and Prospects of the Green Economy in Abu Dhabi