UAE reports slight growth of non-oil GDP

The United Arab Emirates is undergoing economic changes as it aims to reduce its dependency on oil.
A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022.
A man watches stock movements on a display at the Dubai Financial Market stock exchange in the Gulf emirate on April 12, 2022. - GIUSEPPE CACACE/AFP via Getty Images
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Adam Lucente
@Adam_Lucente

The United Arab Emirates announced Tuesday a small increase in the non-oil sector’s contribution to the country’s gross domestic product (GDP). 

The non-oil sector contribution to the GDP amounted to 72.3% in 2021. In 2020, the contribution was 71.3%. The biggest non-oil contributors to the GDP were hotels and restaurants at 21.3%, retail at 14.1%, and health and social services at 13.8%, the official Emirates News Agency reported Tuesday. 

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