How many billions do UAE residents save a year?
ABU DHABI 30 August 2019: The gross national income per capita is up to Dh55,570 at a time the oil sector’s contribution to GNI is getting down, and GDP is edging up.
The gross domestic savings in United Arab Emirates grew 6.6 percent to Dh516.1 billion in 2018 from Dh484.5bn in 2017, according to figures revealed by the Federal Competitiveness and Statistics Authority.
The highest since 2015, the growth reflects the significant success achieved by the economic diversification policy adopted by the government over the past years.
According to the figures, the gross domestic savings stood at Dh491.8bn in 2015 before declining to Dh482.1bn in 2016, then up to Dh484.5bn in the year 2017, since which the rate has been on the rise, said Wam.