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​Dubai’s GDP reaches Dh389 billion​

Dubai Statistics Center (DSC) has revealed that Dubai’s real gross domestic product (GDP) reached Dh389 billion in 2017 compared to Dh379 billion in 2016, an increase of 2.8%.

According to DSC, the growth was fuelled by the performance of strategic sectors that accounted for 72.2% of total growth in 2017.

The transportation and storage sector was the biggest contributor to total economic growth at 18.5%, surpassing wholesale and retail trade, traditionally the largest sector in the emirate. The wholesale and retail trade sector’s contribution to growth stood at 8.3%.

For more information please read the whole article on 'Dubai’s Gross Domestic Product reaches Dh389b in 2017'.

Source: Gulf News

Jolande van Ochten

Customs Compliance Origin Specialist

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