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Abu Dhabi’s Economic Performance

in the Last 10 Years


Chart book (2001-2010)

July, 2012

ADCED is a government advisory agency that provides a platform for government and private sectors to work
together to achieve economic diversification and sustainable growth
Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

2
Abu Dhabi’s Share in UAE’s GDP (2001-2010) - Nominal Terms
The Capital represents over half of the country’s economy
Abu Dhabi’s 2010 Key Economic
(AED bn) UAE’s GDP (2001-2010) (%) Indicators at a Glance
1.600 Other Emirates GDP 40
1.400 Abu Dhabi GDP 30  GDP at Current Prices (mn, AED) 620,316
UAE growth (R) 1.156  GDP Growth Rate 15.6%
1.200 1.093 20  Oil Share in GDP 49.7%
AD growth (R) 948 993
1.000  GDP Per Capita (th, AED) 315.3
816 10  Gross Fixed Capital Formation (mn, AED) 177,467
800 663  Foreign Direct Investment (mn, AED) 278,105.4
543 0  *Oil, Gas & Oil Product Exports (mn, AED) 202,437
600 457
379 403 -10  Non-oil Exports (mn, AED) 11,610.9
400  Re-exports (mn, AED) 10,991.7
200 -20  Imports (mn, AED) 86,574.1
 Inflation Rate (%) 3.1
0 -30
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 *2009
AD share in UAE
49% 48% 50% 54% 58% 60% 58% 61% 60% 57%
total GDP
AD share in UAE
35% 35% 36% 37% 39% 39% 38% 40% 42% 42%
non-oil GDP

(%) Abu Dhabi’s GDP Y-o-Y Growth (2002-2010) Abu Dhabi’s GDP growth rate (CAGR)
Non-oil
60 Oil
5 years 10 years
40 Total GDP 1 year (2010)
(2006-2010) (2001-2010)
20
Oil 29% 1.4% 15.2%
0
-20
Non-oil 5% 11.7% 13.6%

-40 Total 16% 6% 14.3%


-60
2002 2005 2010

Source: UAE National Bureau of Statistics (NBS), Statistics Centre Abu Dhabi (SCAD), ADCED 3
Abu Dhabi’s Real GDP and Inflation
Abu Dhabi’s Real GDP Share in Oil and Non-Oil
(Million) (In AED million) (%)
800 56 55 60
53 53
49 50
44 44 50
600 Non-oil share in GDP (R) 41 41
Inflation (R) 40
Non-oil GDP
400 30
Oil GDP
20
200
10

0 0
2001 2005 2010

Abu Dhabi’s Real GDP* (In AED Millions)


(Million) (%)
300,000 260,181 253,493 262,563 15
236,771 240,690
209,681
200,000 10

100,000 5

0 0
Real GDP 2005 2006 2007 2008 2009 2010
Inflation Nominal GDP Growth (%) 17.6 17.2
21.1 34.3 30
Real GDP Growth (%) 12.9 1.7 8.1 -2.6 3.6
̶ Non oil 13.3 5.6 12.1 0.3 4.2
̶ Oil 12.2 -6.8 -1.7 -10.6 1.7
Inflation 8.3 10.7 14.9 0.8 3.06
*DED Estimates (1995=1)
4
Source: Department of Economic Development (DED) – Abu Dhabi
Abu Dhabi’s Inflation
After a peak at 14.9 % in 2008 inflation dropped to 3.1 % in 2010

(%) Abu Dhabi’s Inflation Rate 2001-2010


14.9
15
10.7
10 8.3
6.2
3.3 3.7 4.2
5 3.1 3.1
0.8
0
2001 2002 2003 2004 2005 2006 2007* 2008 2009 2010

Contribution of Different Expenditure Groups to the Overall Annual 100%


120% 24.8% Percentage Change in Prices in 2010 Compared to 2009 18.9% 90%
100% 19.2% (%) 80%
7.7%
80% 60 9.7% 70%
36.8% 55.4
9.8% 60%
60%
16.3 50%
40% 16.1%
55.5% 9.7 40%
20% 10 6.9 7.7
30%
0% 20%
0 37.9%
-28.0%
-20% 10%
-8.3%
-40% -10 -8.3 0%
Contribution Relative Change Weight

Other Transportation Food and non-alcoholic beverages


Communication Clothing and footwear Housing, water, electricity, gas and other fuels

*Abu Dhabi consumer price index (index 2007 = 100) Other includes : Fixtures and fittings, household equipment; Miscellaneous goods and services;
Source: Statistics Centre Abu Dhabi (SCAD) Hotels and restaurants; Education; Recreation and culture; Health; Alcoholic beverages and tobacco
Abu Dhabi’s Non-Oil Sectors
Construction and real estate are the main non-oil contributors
Abu Dhabi’s share of non-oil sectors in Abu Dhabi’s share of non-oil sectors in
non-oil GDP (2001, 2007, 2010) total GDP (2001, 2007, 2010)
)%( )%(
30 15
2010 2010
26 13.0
2007 2007
25
2001 2001

20 10
17 8.6

15 13
10 6.4 5.5
11 11 5.6
4.8 3.7
10 7 5

5 2.3
5
2 2 1.1 1.0
1 0.3
0 0

Construction
Construction

Real Estate
Real Estate

Logistics

Industry

Tourism
Logistics

Finance
Industry

Tourism
Finance

Others
Others

Trade

Gov’t
Trade

E&W
Gov’t

Agri.
E&W

Agri.

% of sector
labor in total 20 5 5 1 6 9 21 2 4 11 12
2008

workforce

Sector labor
177 42 43 13 51 83 190 14 33 101 104
(thousands)

Source: Statistics Centre Abu Dhabi (SCAD), ADCED 6


Abu Dhabi’s Sectoral Growth Rates in 2010
The oil sector was leading the growth, followed by the financial services, gov’t services
and manufacturing

CAGR
2010 GDP 2001 – 2010
Abu Dhabi’s Sectoral Growth Rates 2009/2010 (AED bn) (%)

Electricity, Gas & Water -0,6


14.4 14.5
Transport & Communications 1,3
39.7 16.9
Construction 2,0 80.9 18.4

Agriculture 2,1 6.1 0.4


Restaurants & Hotels 4,6
6.6 11.6
Wholesale & Retail Trade 5,3
30.0 8.5
Real Estate & Business Services 6,4
53.4 14.5
Manufacturing 10,8
33.9 7
Government Services 13,0
23.2 9.8
Financial Services 14,4
34.5 12.5
Mining & Quarrying 28,9 308.0 13.6
)%(
-5 0 5 10 15 20 25 30

Total GDP 620.3 12.8

Source: Statistics Centre Abu Dhabi (SCAD), ADCED 7


Historical sectoral GDP growth rates compared to total
nominal growth (1-2)
Sector
Total GDP

Mining & Quarrying Manufacturing Gov’t Services


(%) (%) (%)
61,2
60 60 60
45,9
38,6 35,3 34,3
40 40 23,2 40
28,9 20,6
24,3
20 20 7,6 15,0 10,8 20 13,0
5,5 7,0 11,2 8,4 10,2
4,1 3,6 3,1 2,9 2,8 3,4
0 0 0
-0,8
-20 -20 -20
-22,1
-40 -40 -40
-42,1
2005 2010 2005 2010
2005 2010

Financial Services Trade Transport & Communications


(%) (%) (%)
60 60 60 54,1

39,4
40 40 40
17,4 29,2 24,2 22,8 19,9
17,6 17,5
20 12,6 10,3 15,7 14,4 20 12,9 7,4 10,2 12,5 13,4 16,1 5,3 20 12,5 14,9
8,4
2,0 1,3
0 0 0
-2,0
-20 -20 -12,3 -20

-40 -40 -40


2005 2010 2005 2010 2005 2010
Source: Statistics Centre Abu Dhabi (SCAD) 8
Historical sectoral GDP growth rates compared to total nominal
growth (2-2)
Sector
Total GDP
Restaurants & Hotels Construction & Real Estate
(%) (%)
60 60
39,0 40,3 39,6
40 21,8 18,4 40 25,6
27,4
20,8
20 6,3 15,3 14,0 4,6 20 14,5 12,9
9,9 8,2
2,0
0 0
-7,1
-20 -20

-40 -40
2005 2010 2005 2010

(%) Electricity, Gas & Water (%)


Agriculture
60 60
43,4
40 31,3 19,7 40 20,1 23,6
19,3 16,2 26,6
21,6 18,9
20 20 16,6 6,4
11,3 11,7
3,5 3,2 7,4
0 0
-0,6
-20 -20

-40 -40
2005 2010 2005 2010

Source: Statistics Centre Abu Dhabi (SCAD) 9


Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

10
Population in the UAE and Abu Dhabi
Abu Dhabi’s population reached around 2 million in 2010

Abu Dhabi’s Population Compared to the UAE Comparison Between Total Births / Deaths
(Millions of Persons) in Abu Dhabi and the UAE
(Millions)
Births Deaths
10 (Thousands) (Thousands)
100,000 97,523 10,000
Abu Dhabi 91,736 9,126
8,804
8 8,351
+102% 80,110
UAE 80,000 8,000

6 60,000 6,000
64,623 79,625 5,777 6,361 7,414
56,136
8.3
4 40,000 4,000
+43%
4.1 . 20,000 2,000
2 27,113 2,574
23,974 2,443
17,898 1,712
2.0
1.4 0 0
0 2001 2005 2010 2001 2005 2010
2005 2010
UAE Abu Dhabi
Graduates from Government / Private Education in Abu Dhabi and the UAE by
Nationality (2009/2010)

Abu Dhabi UAE Abu Dhabi UAE

16% 20%
Government Education 35% 32%
Private Education 65% 68% 80%
84%
Nationals Non-Nationals

Source: National Bureau of Statistics (NBS), Statistics Centre Abu Dhabi (SCAD) 11
Abu Dhabi’s Population
Foreigners represent around 80% of the total population
Abu Dhabi’s Population by Nationality Abu Dhabi’s Population by Region
(2001 – 2010) (%)
Islands
100 4 8 1 1
(Millions) (Growth, %) 9 Western Region

1,8 13 80 32
1,72 32 29 Al Ain
Population growth 1,64
1,57 12 60
1,6 Nationals 1,51
1,44 0,42 11
Non-Nationals 1,37 0,41 40
1,4 1,32 0,39 10 64
1,26 0,37 59 61 Abu Dhabi City
1,20 0,36 9 20
1,2 1,15 0,34
0,33 8
0,32
0,30 0
1,0 0,29 7 2001 2005 2010
0,8 6
5 Abu Dhabi Total Population by Age Group
1,24 1,29
0,6 1,13 1,18 and Gender (Mid 2010)
1,03 1,08 4
0,94 0,98
0,86 0,90 3
0,4 Age group
2
0,2 0 80+ 0
1
0 70 to 79 0
0,0 0
1 60 to 69 1
2001 2005 2010
7 50 to 59 4
18 40 to 49 10
 Percentage of population in the labor force 61.2% 29 30 to 39 19
2010

23 20 to 29 24
 Females as a percentage of total labor force 12.1%
10 10 to 19 19
 Economic dependency ratio* 63.2% 11 0 to 9 22
* Economic dependency ratio = dependent people (not of working age) / number of people of working age (economically active)

% of Males % of Females
Source: Statistics Centre Abu Dhabi (SCAD) 12
Labor Force in the UAE and Abu Dhabi by Age, Sector and
Educational Status
UAE and Abu Dhabi’s Distribution of Active UAE and Abu Dhabi’s Distribution of Active Labor Force
Labor by Age Groups (2008) by Sector (2008)

UAE 7.9 Federal Government 10.2 UAE


10.7 Local Government 12.6
Abu Dhabi 0.3 65+ 0.1 Abu Dhabi
4.1 Semi-Government 6.1
63.3 Private 50.9
3.2 55-64 3.8 0.8 Foreign 0.0
0.1 Diplomatic Agency 0.2
12.4 Private Household 19.9
12.8 45-54 14.6
0.7 Other 0.0

(%) (%)
30.1 44-35 30.5
UAE and Abu Dhabi’s Distribution of Active
Labor by Educational Status (2008)
41.4 34-25 38.2
7.3 Illiterate 12.4 UAE

9.8 Can Read & Write 11.7 Abu Dhabi


11.4 24-20 11.8
10.6 Primary 10.9

14.5 Preparatory 12.3


0.9 15-19 0.9
29.0 Secondary 27.1

(%) (%) 28.8 University & above 25.7

(%) (%)
Source: National Bureau of Statistics (NBS) 13
Abu Dhabi’s Labor Force by Sector
Nearly 30% of the labor force is concentrated in the construction sector
Abu Dhabi’s Labor Force and GDP Abu Dhabi’s Labor Force by Economic Activity (2008)
($ Billion) (In Billions of US$) (Million) Growth
90 1,5 Labor sectoral shares ‘08 Share in ’07/08 Δ in share
‘03 (%) ’07/08 (%)
GDP (L) Labor*
80
Construction 29 21 14.8 1.7
70
Trade 15 16 6.5 -(0.2)
60 1,0
Others 13 13 5.9 -(0.3)
50
Gov’t Services 11 14 2.1 -(0.6)
40
Agriculture 8 12 -(0.4) -(0.7)
30 0,5

20 Manufacturing 8 7 13.9 0.4

10 Transport & Comm. 5 5 5 -(0.1)

0 0,0 Restaurants & Hotels 3 3 8 0


2003 2004 2005 2006 2007 2008
Real Estate 3 3 9 0
(Growth, %)
Real GDP 15.7 16.1 25.3 8.2 5 13.3 Mining & Quarrying 2 3 3.7 -(0.1)

Population 4.5 4.5 4.5 4.9 4.5 12.6 Electricity , Gas & water 1 1 3.6 -(0.1)
Labor 0.8 4.6 5.9 4.6 4.6 4.6
Financial services 1 1 8.4 0
Unemployment 4 4 3.5 3.5 3.5 3.5 )%(
(%) 0 10 20 30
* Labor represents employed persons only
Source: Statistics Centre Abu Dhabi (SCAD), Ministry of Economy, ADCED 14
Abu Dhabi’s Labor Force by Gender
The government is the main employer of nationals in administration occupations
Employed Labor by Economic Activity and Main Occupation – 2008
(In Thousands)
Nationals Non-Nationals
0 20 40 60 300 200 100 0
(Thousands) (Thousands)
Finance 2 13 Finance
30 20 10 0 0 10 20 30
Electricity & water 3 14 Electricity & water
8 Technicians & Professionals 25
Health & social 2 24 Health & social
16 Service Workers 21
Education 6 25 Specialists in Scientific Fields 16 32 Education

Tourism 0 9 Clerks 9 33 Tourism


21 Senior Officials & Managers 8
Oil 5 37 Oil
0 Machine Operators & Assemblers 2
Transport 4 2 Elementary Occupations 2 43 Transport

Manufacturing 2 2 Craft Workers 2 51 Manufacturing


2 Not Stated 1
Trade 3 83 Trade
1 Skilled Agriculture Workers 0
Agriculture 1 101 Agriculture

Government 55 116 Government

Construction & real estate 2 219 Construction & real estate

Admin Occupations Office Occupations Skilled Labor Unskilled Labor Total


% of nationals in these
professions to total nationals 28.3% 63.4% 5.0% 3.3% 100%

% of nationals in these
professions to total active 2.7% 6.1% 0.5% 0.3% 9.7%
labor force

Source: Statistics Centre Abu Dhabi (SCAD), ILO classifications, ADCED 15


Abu Dhabi’s Labor Force
National labor represents around 9.7% of the total work force and the vast majority of
them are males working in the government sector

Abu Dhabi Population Abu Dhabi’s Labor Force


(Thousands) 24.7% (Thousands)
1,800 1,000
+13%
1,600 900
25.1%

800
1,400

700
1,200 0 20 40 60 80 100
600 (%)
1,000 (a) 88 12
500
Active Labor Unemployed
800
400
(b) 92 8
600
300
Gov’t Sector Private Sector
400
200
(c) 78 22
200 100 Males Females

0 0
2005 2010 2005 2008

Nationals Non-Nationals

Source: Statistics Centre Abu Dhabi (SCAD), ADCED 16


Abu Dhabi’s Labor Force
There has been a decline in the unemployment rate of nationals since 2001. The majority of the
unemployed nationals are males with low educational attainment from Abu Dhabi region and Al Ain City
Abu Dhabi National Employment Abu Dhabi National Unemployment
(In Thousands) (In Thousands)
(‘000) +12% (‘000)
98 10,400 -3% Western Region
96
96 10,320 5%

94 10,300
51% Abu Dhabi
92 Al Ain 44%
10,200
90 10,145
88
86 10,100 78% 22%
86 10,047
Males Females
0 0
2005 2008 2005 2007 2008
Abu Dhabi National Unemployment
Abu Dhabi Unemployment Rate %
(%) by Educational Status (2008)
15.2 50
16 43.3
-1.6 Total Unemployment Males
14 40
12.0 National Unemployment Females
12 32.9
10.4
10 30 25.1
22.7
8 Based on the 20 16.2
6 5.1 Vision 2030, the 13.9 12.1
4.0 11.5
4 3.5 3.5 3.3 unemployment 10 6.1 6.8
1.4 target for 2015 is 1.1 2.3 2.4
2 1.0 0.6 0.4 1.1 0.8 0.4 0.2 0.1
7% 0
0

PhD
Can read & write
Illiterate

Masters
Preparatory
Primary

Bachelors
Diploma

Higher Diploma
Secondary
1985 1995 2001 2005 2008

Source: Statistics Centre Abu Dhabi (SCAD), ADCED 17


Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

18
Non-Oil Foreign Trade of the UAE and Abu Dhabi
The non-oil foreign trade is dominated by imports
UAE and Abu Dhabi Key Non-Oil Trade Indicators
(Billions) (Billions)
(In AED Billions)
800 93.9 100
UAE Exports 90.3
86.6
700 90
UAE Re - Exports
80
600 UAE Imports
63.3 70
500 AD Imports (right)
60
AD Exports (right) 45.7
400 50
33.1 35.2
300 40
26.9
21.2 22.5 30
200
9.5 11.6 20
100 4.6 5.8 6.3
0.9 1.0 1.9 2.7 3.2 10
0 0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

(AED Millions) (AED Millions) (AED Millions) (AED Millions)


10,000 0,10 1,500 0,40
UAE Imports UAE Exports
0,35
8,000 AD Imports (right) 0,08 AD Exports (right) 0,30
1,000
6,000 0,06 0,25
0,20
4,000 0,04 0,15
500
0,10
2,000 0,02
0,05
0 0,00 0 0,00
2001 2005 2010 2001 2005 2010

Source: Department of Finance - Customs Administration, Ministry of Foreign Trade


19
Abu Dhabi’s Foreign Trade
Foreign trade is dominated by oil exports and non-oil trade balance is negative
(Millions)
400,000 Abu Dhabi Key Trade Indicators
(In AED Millions)
350,000 Total Imports (cif)
Total exports
300,000
Total re - exports

250,000 (Non-oil exports)


(Oil exports)
200,000

150,000

100,000

50,000

0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

(Millions)
Abu Dhabi Trade Balance
300,000 (In AED Millions)
Oil
200,000

100,000

0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Non-oil
-100,000

Source: Statistics Centre Abu Dhabi (SCAD), Department of Finance - Customs Administration, Abu Dhabi National Oil Company
20
(ADNOC), IMF Country Report
Abu Dhabi’s Foreign Trade
Abu Dhabi’s total non-oil exports increased modestly by 11.6% while non-oil imports tripled
during the past 10 years
Abu Dhabi Non-Oil Imports by Region – 2001 Abu Dhabi Non-Oil Exports by Region – 2001
(In Millions AED) (In Millions AED)

Europe Europe

40
9,115 Asia MENA Asia
4,617 MENA
North 2,258 North 6
America America 533 106
4,654

202 55 0.06
233
Central Central
and South Africa and South Africa 0.7
Oceania 332 Oceania
America America

919 Total Non-Oil Exports


21,233 Total Non-Oil Imports

Abu Dhabi Non-Oil Imports by Region – 2010 Abu Dhabi Non-Oil Exports by Region – 2010
(In Millions AED) (In Millions AED)
Europe
Europe
Asia 2,637 MENA
Asia
29,678
North 12,797 15,685 MENA North 27 3,779
America 22,673 America 1,681

659
2,980
Central 1,793 Central 2,806
and South and South Africa 22
Africa
Oceania 968 Oceania
America America

11,611 Total Non-Oil Exports


86,574 Total Non-Oil Imports

Source: Statistics Centre Abu Dhabi (SCAD), Department of Finance - Customs Administration 21
Abu Dhabi’s Top Oil & Gas Exports and Trading Partners
Asia is the main oil and gas market for Abu Dhabi hydrocarbon exports followed by Western
Europe for refined petroleum products
Abu Dhabi’s Oil Exports 2001-2010 Abu Dhabi’s Gas Exports 2001-2010
(In AED Billion ) (In Thousand Metric Tonnes)
(Billion) (AED/barrel) (Metric Tonne)
350 310 400 30,000
300 25,000
Abu Dhabi oil export value
250 300
213 210 20,000
Average export price 195 190
200
144 200 15,000 Pentane Plus
150
97 10,000 LPG
100 57 72 100
53 LNG
50 5,000
Gas Exports
0 0 0
2001 2005 2010 2001 2005 2010
Abu Dhabi’s Main Oil & Gas Exports Partners - 2010
(% volume)
Holland
UK
13.5 Korea Japan
3.3 France
13.5 15.7 2.2 35.6 18.4 87.4
19.6 China
Saudi 5.4
2.9
Singapore
6.1
India Taiwan
Crude Oil Abu Dhabi
13.6 3.2 Tailand
11.0 5.6
Refined petroleum products 13.5
Liquefied gas

Source: Statistics Centre Abu Dhabi (SCAD), Abu Dhabi National Oil Company (ADNOC), IMF 22
Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

23
Foreign Direct Investment
The UAE benefited from growing FDI inflows up until the global financial crisis
UAE and Abu Dhabi’s Total FDI UAE FDI Flows 2001-2010
(In AED Millions) (In AED Millions)
International
(Millions) (Millions) Financial Crisis
200,000 5.000
Abu Dhabi FDI
153,546
UAE FDI 4.000
150,000 134,017 Outward
3.000 Inward
100,000
2.000
51,612
50,000 41,241
1.000

0 0
2007 2008 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

UAE and Abu Dhabi’s Total FDI by Economic Activity


(In AED Millions)
(Millions)
50,000 46,137
39,780
40,000
UAE
30,000 25,271
Abu Dhabi
20,000 17,225 15,805
12,706 12,794
10,099
10,000 5,679 5,381 4,576
3,533 2,697
1,089 282 285 1,033 4 26 26 7 7 684 32
0
Financial Real Estate Construction Wholesale & Manufacturing Mining & Electricity, Transport, Restaurants Health Education Other
Institutions & Business Retail Trade Quarrying Gas & Water Storage & & Hotels
Activities Communications

Source: Statistics Center – Abu Dhabi (SCAD), National Bureau of Statistics (NBS), UNCTAD FDI data
24
Foreign Direct Investment by Economic Activity
Utilities, real-estate, business services and finance were the biggest recipients of FDI in Abu
Dhabi

Abu Dhabi Foreign Investment by Economic Activity UAE Foreign Investment by Economic Activity
(In AED Million) (In AED Million)
(%) (AED mn) (%) (AED mn)
Mining & Quarrying 42% 58% 4,651 Mining & Quarrying 36% 36% 27% 38,992

Manufacturing Industries 43% 57% 6,239 Manufacturing Industries 30% 38% 32% 53,990

Electricity, Gas & Water 40% 60% 41,977 Electricity, Gas & Water 48% 25% 27% 95,131

Construction 46% 54% 2,027 Construction 44% 30% 26% 64,996

Wholesale & Retail Trade 48% 52% 541 Wholesale & Retail Trade 30% 35% 35% 55,145

Hotels & Restaurants 44% 56% 7 Hotels & Restaurants 42% 43% 15% 7,062

Transport, Storage & Communication 43% 57% 496 Transport, Storage & Communication 17% 40% 42% 28,324

Financial Institutions & Insurance 53% 47% 12,037 Finance 33% 34% 33% 961,406

Real Estate & Business Services 49% 51% 24,770 Real Estate & Business Services 21% 36% 42% 165,775

Education 31% 69% 10 Education 6% 13% 81% 53

Health 43% 57% 46 Health 23% 32% 44% 81

Social & Personal Services 39% 61% 52 Agriculture, hunting & forestry 38% 35% 27% 539

0% 20% 40% 60% 80% 100% 0% 20% 40% 60% 80% 100%

2007 2008 2009

Source : National Bureau of Statistics (NBS), Statistics Center Abu Dhabi (SCAD) 25
Abu Dhabi’s Gross Fixed Capital Formation (GFCF)
Oil, public administration and manufacturing are the major sectors

Abu Dhabi’s Gross Fixed Capital Formation (GFCF)


By Economic Activity
Total
(AED Million) (%)
(%)
33,451 47,278 177,467* 6%
100% 0.4%
6% Other
13% 16% 5% 0.9%
90% 10%
3% 3%
80% 5% 5%
12% 4% 10% 1.0%
4%
70% 12% 7%
60% 15%
13% 16% 3%
50% 1.5%
16%
40% 18%
25% 2%
30% 17%
15%
20% 1% 2.1%
10% 20% 24%
16%
0% 0%
2001 2005 2010* 2010*

GFCF to 18 12 28
GDP (%)
Agriculture , Live stock and Fishing
Other Transports , Storage and Communication Restaurants and Hotels
Real Estate and business Services Manufacturing Industries Wholesale Retail Trade and Repairing Services
Construction Mining and Quarrying Social and Personal Services
Electricity , Gas and water Public Administration & Defense The Financial Corporations Sector
* 2010 Preliminary estimates
Source: Statistics Center Abu Dhabi (SCAD) 26
Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

27
Abu Dhabi’s GDP and Inflation Compared to Selected
Countries
GDP Per Capita at Current Prices
(In Thousands of US$) Inflation Rate (2001-2010)
(Thousands) (%)
Abu Dhabi
120,000 20 U.A.E

100,000 Singapore
15 Norway
80,000
Ireland
60,000 10 KSA
Kuwait
40,000 5 Qatar
20,000
0
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -5

Total GDP Growth Rate (CAGR)


1 year (2010) 5 years (2006-2010) 10 years (2001-2010)
Ireland -7 -2 7

UAE 10 6 11

Norway 11 4 9

Abu Dhabi 16 6 14

Kuwait 17 4 14

KSA 20 5 9

Singapore 22 9 10

Qatar 30 16 22

(%) (%) (%)


Source: Statistics Center Abu Dhabi (SCAD), IMF, ADCED 28
Abu Dhabi’s Labor Force and Unemployment Compared to
Selected Countries
Labor Force for Selected Countries – 2008
(Millions) (In Millions) (%)
3.5 7
3.0 6.3 Employment
3.0 6
2.7 Unemployment
2.5
2.5 5
2.1
2.0 4.2 4
3.5
1.5 1.2 3
2.6
2.2 0.9 2
1.0
0.5 1
0.5
0.0 0
UAE Singapore Norway Ireland Qatar Abu Dhabi

Distribution of Active Labor Force by Sector - 2008


(In Thousands)
Abu Dhabi Singapore
0 500 1,000 1,500 0 500 1,000 1,500
(Thousands) (Thousands)
Services 132 378 509 Services 660 752 1,412
Females
50 Males
Manufacturing 2
51 Manufacturing 112 200 312

85
Construction 175 177 Construction 106
21
2
149 17 *Other includes Agriculture, Fishing, Mining &
Other* 3
151 Other* 23
6 Quarrying, Utilities and Activities Not Adequately
Defined
Source: Statistics Center Abu Dhabi (SCAD), National Bureau of Statistics (NBS), UAE Ministry of the Economy Population Estimates, Qatar Information Exchange,
Ministry of Manpower - Singapore
Abu Dhabi’s Foreign Trade Compared to Selected Countries
(%)
Imports
80 (Y-o-Y % Change)
60
43
39
40 30
3 19 23
20 6
6 4
0
-8
-20
Abu Dhabi
UAE
-40
USA
-60 Japan
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Germany
Qatar
(%) Exports China

80 (Y-o-Y % Change) Norway

62 66 KSA
60
47
40 36 35 35
10
20

0
-7
-20 -15
-40
-49
-60
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
30
Source: Statistics Centre Abu Dhabi (SCAD), IMF
Abu Dhabi’s Trade Indicators Compared to Selected Countries

Trade to GDP Ratio 2008-2010 Trade Per Capita 2008-2010


(In %) (In US$)

Norway : 73.3 Norway : 62,165


China : 55.2 China : 2,135
USA : 27.8 Japan : 30.9 USA : 12,958 Japan : 12,418
Qatar : 83.9 Qatar :57,425
KSA : 95 UAE : 145.1 KSA : 15,162 UAE : 61,995
Abu Dhabi : 60.9 Abu Dhabi : 56,174
Singapore : 420.1 Singapore : 162,076

Note: Total trade of goods and commercial services (exports + imports, balance of payments Note: Total trade of goods and commercial services (exports + imports, balance of payments
basis) divided by gross domestic product (GDP). Calculated on the basis of data for the three basis) divided by the population size. Calculated on the basis of data for the three latest
latest years available. years available.

31
Source: Statistics Centre Abu Dhabi (SCAD), WTO, ADCED
Abu Dhabi’s Investment Compared to Selected Countries

Total FDI as a Percentage to GDP - 2010


(%)
35

30
30

25
25
23 22 22

20 19

15

11
10
7

0
Qatar UAE KSA Norway Singapore Kuwait Ireland Abu Dhabi*

*2008 data

32
Source: Statistics Centre Abu Dhabi (SCAD), National Bureau of Statistics (NBS), IMF, OECD, ADCED
Abu Dhabi Council for Economic Development
PO Box 44484, Abu Dhabi, United Arab Emirates
T +971 (0)2 418 9999 F +971 (0)2 418 9988
www.adced.ae

ADCED is a government advisory agency that provides a platform for government and private sectors to work
together to achieve economic diversification and sustainable growth