Sharjah non-oil GDP hits AED89 bn in 2018

SHARJAH, 29th April, 2019 (WAM) — The Sharjah’s 2018 non-oil GDP hit AED89 billion, according to an analytical report on the results of Sharjah’s economy in 2018 issued by Sharjah Economic Development Department (SEDD), with all non-oil sectors accounting for 91.9 percent of the GDP.

The report indicated an increase in the volume of general production in the emirate in 2018 to about AED168 bn.

The transport, storage sector and education, health and social services sector were the fastest-growing sectors of GDP in 2018 at 4.6 percent , 6.8 percent and 5.5 percent, respectively. In addition, the industrial sector achieved a good rate of 3.1 percent growth in the structure of GDP, and the strategic sectors achieved remarkable in the GDP, led by the industrial sector, which accounted for 25% of GDP. As for construction, wholesale, retail and real estate sectors, they hit rates of 7.7 percent, 11.6 percent and 10.4 percent, respectively.

Sultan Abdullah bin Hadda Al Suwaidi, SEDD Chairman, said that the total production volume in the emirate reached AED168 billion, while non-oil output increased to AED159.5 bn.

He added that Sharjah’s GDP increased to AED97.5 billion in 2018. He pointed out that the construction, wholesale, retail and real estate sectors accounted for 13 percent, 8 percent and 10.7 percent respectively of total production Sharjah, followed by transportation, storage, accommodation, food services and professional, scientific and technical activities, accounting for almost 5% of Sharjah’s overall production.

WAM/Hatem Mohamed

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