According to data by the Abu Dhabi Chamber of Commerce and Industry, Abu Dhabi's real GDP is expected to have swelled by around 3.8% in 2011 and growth was in both the hydrocarbon and non oil sector.

In its annual report, the chamber put total fixed capital formation (public and private investment) in the emirate at a record high of AED 112 billion in 2011, up by nearly AED 14 billion from AED 98 billion in 2010. From around AED 546.7 billion in 2010, real GDP grew by 3.8% to AED 567.3 billion in 2010.

In current prices, GDP expanded by as high as eight per cent from AED 546.7 billion to nearly AED 590.2 billion in the same period.

A GDP breakdown showed the oil sector is projected to have grown by around 2.6% in real terms while the other sectors risen by nearly 4.8% from AED 256 billion in 2010 to AED 258.6 billion in 2011. In current prices, the oil sector soared by 7.3% while the non hydrocarbon GDP soared by around 8.5%.

The report showed public and private investment hit an all time high of around AED 112 billion in 2011 and there was an increase in all sectors. Private investment swelled from AED 47.4 billion to AED 53.9 billion and public investment from AED 21.2 billion to AED 25.1 billion. Investment in the oil sector increased from AED 29.4 billion to AED 33.7 billion.

The emirate's exports, mostly oil and gas, grew by around 9.4% to AED 346.1 billion in 2011 from AED 316.1 billion in 2010 while imports rise by about 8% to AED 108.6 billion from AED 100.5 billion.

The report put inflation in the emirate at 3.2% in 2011 and showed GDP per capita edged up by 1.5% to AED 201,200 in 2011, one of the highest rates in the world.

(Sourced from www.emirates247.com)