SCAD Releases Abu Dhabi Statistical Yearbook 2020
In 2019 non-oil activities accounted for 59.2% of Abu Dhabi’s nominal GDP and the emirate’s real GDP grew by 1.5% YoY
Abu Dhabi (SCAD), a government entity under the Department of Government Support (DGS), published today the Statistical Yearbook of Abu Dhabi 2020. The publication helps decision-makers, the business sector and researchers to formulate policies, and devise plans based on robust data that serves the development goals of the emirate of Abu Dhabi.
The statistical yearbook provides up-to-date and accurate statistical indicators and data on six main sectors: economy, industry and business, population and demography, social development, labour force, agriculture, and environment. It also highlights the various activities of the government and private sector in the emirate; thus, reflecting the development process in Abu Dhabi over the past year.
Commenting on this, Abdullah Ahmed Al Suwaidi, Acting Director-General of SCAD, said: “The statistical yearbook is a key source of comprehensive, objective, and independent statistical data, on the developments witnessed by the emirate in various economic, social and environmental sectors. The book supports decision-making and strategic planning with reliable and updated statistical data.
“SCAD’s is committed to the provision of high-quality statistical data in accordance with the international best practices, to reflect the performance of the main sectors that drive development in Abu Dhabi on an annual basis to meet the needs of data users, including officials, decision-makers, researchers and stakeholders.” added Al Suwaidi.
“We would like to thank our strategic partners - ministries, government, and semi-government entities and private sector companies - for their cooperation in providing the data required for the production of the new statistical yearbook. This book underscores the success witnessed by the emirate. It highlights its achievements in supporting comprehensive and sustainable development across sectors, to improve Abu Dhabi’s competitiveness at the global level. It also helps to enhance the emirate’s socioeconomic status at regional and international levels. At this point, I would like to emphasize the importance of cooperation with various government and private stakeholders, as statistical work requires joint and integrated efforts.” Al Suwaidi added.
Below is a summary of the key indicators included in SCAD’s Statistical Yearbook 2020.
Several activities indicated by the Statistical Yearbook managed to achieve a high level of stability in 2019. According to SCAD’s estimates, the Gross Domestic Product (GDP) at constant prices grew by 1.5% in 2019 to AED 803,568 million compared with AED 792,065 million in 2018. Per capita GDP at constant prices grew by 10.2% to AED 313.1 thousand in 2019, up from AED 284.1 thousand in 2018. The Gross Fixed Capital Formation was AED 142,402 million, according to 2019 results.
Despite the importance of oil to the economy of Abu Dhabi, the Emirate pursues an ambitious strategy that seeks to expand and diversify the economy in order to fortify it against volatile oil prices. In this regard, it can be seen from the figures announced by SCAD, that oil accounted for only 40.8% of Abu Dhabi’s GDP in 2019, despite the rise observed in oil prices during the same year. This attests to the successful progress of the Emirate’s plans to expand the economic base and diversify the sources of income.
Industrial Producer Price Index (IPP) and Industrial Production Index (IPI)
Compared with 2018, the IPP dropped by 5.5% in 2019, while industrial production increased by 24.2% compared with 2018.
Wages and Compensation
Compensation of employees at current prices increased from AED 248,668 million in 2018 to AED 250,749 million in 2019. The main contributing groups to the rise observed in 2019 were “electricity, gas, water and waste management activities”, “arts, recreation, and other services” and “transportation and storage” which registered growth rates of 5.2%, 3.2%, and 2.6%, respectively.
Industry and Business
The Industry and Business chapter provides statistical data related to economic activities, reflecting the economic performance of the emirate and highlighting its diversity across various economic sectors.
The Business Environment
The Abu Dhabi Government is committed to facilitating business activities in various sectors, while building a diversified and resilient economy that is aligned with the global economy and appealing to foreign investments. A total of 18,452 new business licenses were issued in 2019.
Manufacturing industries accounted for 6.3% of the preliminary estimates of GDP in 2019, and 10.6% of the preliminary estimates of non-oil GDP in 2019.
Information and Communication Technology
The number of fixed-line internet subscribers Per 100 inhabitants was 29, while the number of fixed telephone subscribers Per 100 inhabitants stood at 17 in 2019.