Abu Dhabi’s Economic Performance in the Last 10 Years Chart book (2001-2010)

July, 2012

ADCED is a government advisory agency that provides a platform for government and private sectors to work

together to achieve economic diversification and sustainable growth

2

Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

3

Abu Dhabi’s Share in UAE’s GDP (2001-2010) - Nominal Terms The Capital represents over half of the country’s economy

Source: UAE National Bureau of Statistics (NBS), Statistics Centre Abu Dhabi (SCAD), ADCED

(%)

40

30

20

10

0

-10

-20

-30

(AED bn)

1.600

1.400

1.200

1.000

800

600

400

200

0

2010

1.093

2009

993

2008

1.156

2007

948

2006

816

2005

663

2004

543

2003

457

2002

403

2001

379

AD growth (R)

UAE growth (R)

Abu Dhabi GDP

Other Emirates GDP

AD share in UAE total GDP

49% 48% 50% 54% 58% 60% 58% 61% 60% 57%

UAE’s GDP (2001-2010)

AD share in UAE non-oil GDP

35% 35% 36% 37% 39% 39% 38% 40% 42% 42%

GDP at Current Prices (mn, AED) 620,316 GDP Growth Rate 15.6% Oil Share in GDP 49.7% GDP Per Capita (th, AED) 315.3 Gross Fixed Capital Formation (mn, AED) 177,467 Foreign Direct Investment (mn, AED) 278,105.4 *Oil, Gas & Oil Product Exports (mn, AED) 202,437 Non-oil Exports (mn, AED) 11,610.9 Re-exports (mn, AED) 10,991.7 Imports (mn, AED) 86,574.1 Inflation Rate (%) 3.1

*2009

Abu Dhabi’s 2010 Key Economic Indicators at a Glance

-60

-40

-20

0

20

40

60

(%)

2010 2005 2002

Abu Dhabi’s GDP Y-o-Y Growth (2002-2010)

Total

Oil

Non-oil

Abu Dhabi’s GDP growth rate (CAGR)

GDP 1 year (2010) 5 years

(2006-2010) 10 years

(2001-2010)

Oil 29% 1.4% 15.2%

Non-oil 5% 11.7% 13.6%

Total 16% 6% 14.3%

Real GDP Growth (%) 12.9 1.7 8.1 -2.6 3.6

12.2 -6.8 -1.7 -10.6 1.7

Nominal GDP Growth (%) 21.1 34.3 17.6 17.2 30

Non oil Oil

Inflation 8.3 10.7 14.9 0.8 3.06

*DED Estimates (1995=1)

Source: Department of Economic Development (DED) – Abu Dhabi 4

5055

4144

4144

4953

5653

(%)

60

50

40

30

20

10

0

(Million)

800

600

400

200

0

2010 2005 2001

Oil GDP

Non-oil GDP

Inflation (R)

Non-oil share in GDP (R)

Abu Dhabi’s Real GDP* (In AED Millions)

Abu Dhabi’s Real GDP Share in Oil and Non-Oil (In AED million)

262,563253,493240,690236,771209,681

0

100,000

200,000

300,000

0

5

10

15

(Million) (%)

2010 2009 2008

260,181

2007 2006 2005

Inflation

Real GDP

13.3 5.6 12.1 0.3 4.2

Abu Dhabi’s Real GDP and Inflation

3.1

14.9

8.36.2

4.23.73.13.30.8

10.7

(%)

15

10

5

0

2010 2009 2008 2007* 2006 2005 2004 2003 2002 2001

Source: Statistics Centre Abu Dhabi (SCAD) *Abu Dhabi consumer price index (index 2007 = 100)

16.3

9.77.76.9

-8.3

(%)

60

10

0

-10

55.4

16.1%

9.8%

9.7%

7.7%

18.9%

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

Weight

37.9%

Contribution of Different Expenditure Groups to the Overall Annual Percentage Change in Prices in 2010 Compared to 2009 120%

100%

20%

0%

-20%

-40%

Contribution

55.5%

36.8%

19.2%

-8.3%

-28.0%

24.8%

80%

60%

40%

Relative Change

Transportation

Communication

Other

Housing, water, electricity, gas and other fuels

Food and non-alcoholic beverages

Clothing and footwear

Other includes : Fixtures and fittings, household equipment; Miscellaneous goods and services; Hotels and restaurants; Education; Recreation and culture; Health; Alcoholic beverages and tobacco

Abu Dhabi’s Inflation After a peak at 14.9 % in 2008 inflation dropped to 3.1 % in 2010

Abu Dhabi’s Inflation Rate 2001-2010

122

5

7

101111

13

17

26

0

5

10

15

20

25

30

)%(

Oth

ers

Agr

i.

Tou

rism

E&W

Go

v’t

Trad

e

Ind

ust

ry

Fin

ance

Logi

stic

s

Rea

l Est

ate

Co

nst

ruct

ion

2001

2007

2010

Abu Dhabi’s share of non-oil sectors in non-oil GDP (2001, 2007, 2010)

20 5 5 1 6 9 21 2 4 11 12

177 42 43 13 51 83 190 14 33 101 104

20

08

Source: Statistics Centre Abu Dhabi (SCAD), ADCED 6

% of sector labor in total workforce

Sector labor (thousands)

0.31.01.1

2.3

3.74.8

5.55.6

6.4

8.6

13.0

)%(

15

10

5

0

Oth

ers

Agr

i.

Tou

rism

E&W

Go

v’t

Trad

e

Ind

ust

ry

Fin

ance

Logi

stic

s

Rea

l Est

ate

Co

nst

ruct

ion

2001

2007

2010

Abu Dhabi’s share of non-oil sectors in total GDP (2001, 2007, 2010)

Abu Dhabi’s Non-Oil Sectors Construction and real estate are the main non-oil contributors

)%(

30 25 20 15 10 5 0 -5

Mining & Quarrying 28,9

Financial Services 14,4

Government Services 13,0

Manufacturing 10,8

Real Estate & Business Services 6,4

Wholesale & Retail Trade 5,3

Restaurants & Hotels 4,6

Agriculture 2,1

Construction 2,0

Transport & Communications 1,3

Electricity, Gas & Water -0,6

2010 GDP (AED bn)

14.4

Abu Dhabi’s Sectoral Growth Rates 2009/2010

39.7

80.9

6.1

33.9

6.6

30.0

23.2

308.0

620.3

CAGR 2001 – 2010

(%)

14.5

16.9

18.4

0.4

7

11.6

8.5

9.8

13.6

12.8

53.4 14.5

34.5 12.5

7 Source: Statistics Centre Abu Dhabi (SCAD), ADCED

Total GDP

Abu Dhabi’s Sectoral Growth Rates in 2010 The oil sector was leading the growth, followed by the financial services, gov’t services and manufacturing

Historical sectoral GDP growth rates compared to total nominal growth (1-2)

Mining & Quarrying Manufacturing Gov’t Services (%)

60

40

20

0

-20

-40

2010

28,9

-42,1

34,3

5,5

35,3

2005

45,9 38,6

24,3

-0,8

Total GDP

Sector

-40

-20

0

20

40

60

(%)

2010

10,8

-22,1

11,2 7,0 15,0

2005

23,2 20,6

7,6

4,1

-40

-20

0

20

40

60

(%)

2010

13,0 10,2

61,2

8,4 3,4

2005

2,8 2,9 3,1 3,6

Financial Services Trade Transport & Communications

-40

-20

0

20

40

60

(%)

2010

14,4

2,0 8,4

29,2 17,4

2005

17,6 15,7 10,3 12,6

-40

-20

0

20

40

60

(%)

2010

5,3

-12,3

24,2

16,1 13,4

2005

12,5 10,2 7,4 12,9

-40

-20

0

20

40

60

(%)

2010

1,3

-2,0

19,9

14,9

22,8

2005

17,5

54,1

12,5

39,4

Source: Statistics Centre Abu Dhabi (SCAD) 8

Restaurants & Hotels Construction & Real Estate

Agriculture

-40

-20

0

20

40

60

2010

4,6

-7,1

39,0

14,0

18,4

2005

21,8

15,3 6,3 9,9

(%)

Total GDP

Sector

-40

-20

0

20

40

60

(%)

2010

6,4 7,4

16,6

26,6 23,6

2005

20,1 16,2

18,9 11,7

Electricity, Gas & Water

-40

-20

0

20

40

60

(%)

2010

-0,6

3,2 11,3

21,6 19,7

2005

31,3 19,3

43,4

3,5

-40

-20

0

20

40

60

14,5 8,2

12,9

25,6 39,6

27,4

40,3

2005

(%)

2010

2,0

20,8

Source: Statistics Centre Abu Dhabi (SCAD) 9

Historical sectoral GDP growth rates compared to total nominal growth (2-2)

10

Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

(Millions)

10

8

6

4

2

0

2010

.

2005

2.0

4.1

8.3

Abu Dhabi

UAE

Abu Dhabi’s Population Compared to the UAE (Millions of Persons)

+102%

+43%

Source: National Bureau of Statistics (NBS), Statistics Centre Abu Dhabi (SCAD) 11

Population in the UAE and Abu Dhabi Abu Dhabi’s population reached around 2 million in 2010

60,000

80,000

20,000

2005

27,113

40,000

64,623 56,136

0

23,974

2010 2001

97,523

79,625

80,110

100,000

(Thousands)

91,736

17,898 1,712

7,414

8,351

2010 2001

2,574

5,777

9,126

0

2,000

4,000

6,000

8,000

10,000

(Thousands)

6,361

2005

2,443

8,804

Comparison Between Total Births / Deaths in Abu Dhabi and the UAE

Births Deaths

Abu Dhabi UAE

35%

65%

16%

84%

Abu Dhabi

Private Education

Government Education

Nationals Non-Nationals

68%

32%

80%

20%

UAE

1.4

Abu Dhabi UAE

Graduates from Government / Private Education in Abu Dhabi and the UAE by Nationality (2009/2010)

5

4

3

2

1

0

(Millions)

0,0

2010

1,72

1,29

0,42

1,64

1,24

0,41

1,57

1,18

0,39

1,51

1,13

0,37

1,44

1,08

0,36

2005

1,37

1,03

0,34

1,32

0,98

0,33

1,26

0,94

0,32

1,20

0,90

0,30

2001

1,15

0,86

0,29

(Growth, %)

0,6

0,4

0,2

9

8

7

6 0,8

1,0

1,2

1,4

1,6

1,8

10

11

12

13

Non-Nationals

Nationals

Population growth

Abu Dhabi’s Population by Nationality (2001 – 2010)

Percentage of population in the labor force 61.2%

Females as a percentage of total labor force 12.1%

Economic dependency ratio* 63.2%

20

10

12

3232 29

98

0

20

40

60

80

100

Al Ain

Western Region

Islands

2010

61

1

2005

59

1

2001

64

4

(%)

Abu Dhabi City

Abu Dhabi’s Population by Region

% of Females % of Males

Abu Dhabi Total Population by Age Group

and Gender (Mid 2010)

Age group

0

29

10

11

23

18

7

1

0

0 to 9

10 to 19

20 to 29

30 to 39

40 to 49

50 to 59

60 to 69

70 to 79

80+

0

19

24

19

22

10

4

1

0

Source: Statistics Centre Abu Dhabi (SCAD)

Abu Dhabi’s Population Foreigners represent around 80% of the total population

* Economic dependency ratio = dependent people (not of working age) / number of people of working age (economically active)

Source: National Bureau of Statistics (NBS)

UAE and Abu Dhabi’s Distribution of Active Labor Force by Sector (2008)

3.8

0.9

0.1

(%)

15-19

24-20 11.8

34-25 38.2

44-35 30.5

45-54 14.6

55-64

65+ Abu Dhabi

3.2

0.9

0.3

(%)

11.4

41.4

30.1

12.8

UAE

UAE and Abu Dhabi’s Distribution of Active Labor by Age Groups (2008)

0.2

0.0

6.1

0.0

Foreign

Private 50.9

Semi-Government

Local Government 12.6

Federal Government 10.2

(%)

Other

Private Household 19.9

Diplomatic Agency

Abu Dhabi

0.1

0.8

4.1

0.7

7.9

(%)

12.4

63.3

10.7

UAE

(%)

25.7

27.1

12.3

10.9

11.7

12.4

Abu Dhabi 9.8

7.3

(%)

28.8

29.0

14.5

10.6

UAE

UAE and Abu Dhabi’s Distribution of Active Labor by Educational Status (2008)

Illiterate

Can Read & Write

Primary

Preparatory

Secondary

University & above

Labor Force in the UAE and Abu Dhabi by Age, Sector and Educational Status

13

Real GDP 13.3 8.2 5 25.3 16.1

Labor 4.6 4.6 4.6 5.9 4.6

15.7

0.8

Unemployment (%)

3.5 3.5 3.5 3.5 4 4

(Growth, %)

Population 12.6 4.9 4.5 4.5 4.5 4.5

* Labor represents employed persons only

Source: Statistics Centre Abu Dhabi (SCAD), Ministry of Economy, ADCED

(Million)

1,5

1,0

0,5

0,0

2008 2007 2006 2005 2004 2003

($ Billion)

90

80

70

60

50

40

30

20

10

0

Labor* GDP (L)

Growth ’07/08

(%) Δ in share ’07/08 (%)

Labor sectoral shares ‘08 Share in ‘03

14.8

6.5

5.9

2.1

8

-(0.4)

13.9

9

3.6

8.4

1.7

-(0.2)

-(0.3)

-(0.6)

0

-(0.7)

0.4

0

-(0.1)

0

5 -(0.1)

3.7 -(0.1)

21

16

13

14

3

12

7

3

1

1

5

3

0 10 20 30

)%(

Financial services

Electricity , Gas & water

Mining & Quarrying

Real Estate

Restaurants & Hotels

Transport & Comm.

Manufacturing

Agriculture

Gov’t Services

Others

Trade

Construction

Abu Dhabi’s Labor Force and GDP (In Billions of US$)

Abu Dhabi’s Labor Force by Economic Activity (2008)

14

29

15

8

8

5

3

2

1

1

3

13

11

Abu Dhabi’s Labor Force by Sector Nearly 30% of the labor force is concentrated in the construction sector

Source: Statistics Centre Abu Dhabi (SCAD), ILO classifications, ADCED

Employed Labor by Economic Activity and Main Occupation – 2008 (In Thousands)

15

6

2

0

2

5

4

2

3

1

Finance

Electricity & water

Manufacturing

Tourism

Government

Construction & real estate

Education

Transport

Trade

Health & social

Agriculture

Oil

0

(Thousands)

3

2

55

20 40 60

Oil

Construction & real estate

Government

Trade

Manufacturing

Transport

Agriculture

0

(Thousands)

Tourism

Education

219

Health & social

116

101

83

51

43

37

Electricity & water

33

300

32

Finance

24

14

200

13

100

Specialists in Scientific Fields

0

Skilled Agriculture Workers 1

10 30

25

Service Workers 16

Technicians & Professionals 8

20

2

Craft Workers 2

Not Stated

Elementary Occupations 2

Machine Operators & Assemblers 0

Senior Officials & Managers 21

Clerks 9 9

2

25

16

8

21

2

2

0

1

0

10 20 30

% of nationals in these professions to total active labor force

% of nationals in these professions to total nationals

Admin Occupations Office Occupations Skilled Labor Unskilled Labor Total

2.7%

28.3%

6.1%

63.4%

0.5%

5.0%

0.3%

3.3%

9.7%

100%

Nationals Non-Nationals

Abu Dhabi’s Labor Force by Gender The government is the main employer of nationals in administration occupations

0

2010 2005

(Thousands)

200

400

600

800

1,200

1,400

1,600

1,000

1,800

25.1%

24.7%

Abu Dhabi Population

600

500

400

200

300

100

0

2005

+13%

2008

(Thousands)

1,000

900

800

700

Abu Dhabi’s Labor Force

12

0 20 40 60 80 100

(a) 88

(%)

Active Labor Unemployed

22

Males Females

(c) 78

8

Private Sector

(b) 92

Gov’t Sector

Abu Dhabi’s Labor Force National labor represents around 9.7% of the total work force and the vast majority of them are males working in the government sector

Source: Statistics Centre Abu Dhabi (SCAD), ADCED

Non-Nationals Nationals

16

Abu Dhabi’s Labor Force There has been a decline in the unemployment rate of nationals since 2001. The majority of the unemployed nationals are males with low educational attainment from Abu Dhabi region and Al Ain City

(‘000)

98

96

94

92

90

88

86

0

+12%

2008

96

2005

86

Abu Dhabi National Employment (In Thousands)

(‘000)

10,400

10,300

10,200

10,100

0

-3%

2008

10,047

2007

10,145

2005

10,320

Abu Dhabi National Unemployment (In Thousands)

Western Region

5%

Al Ain 44% Abu Dhabi 51%

3.33.54.0

1.41.0

10.412.0

15.2

5.13.5

(%)

16

14

12

10

8

6

4

2

0

-1.6

2008 2005 2001 1995 1985

Abu Dhabi Unemployment Rate

Based on the Vision 2030, the unemployment

target for 2015 is 7%

Source: Statistics Centre Abu Dhabi (SCAD), ADCED

National Unemployment

Total Unemployment

78% 22%

Males Females

17

0.20.80.4

6.82.4

25.122.7

16.213.9

11.5

0.10.41.1

43.3

12.1

32.9

6.12.3

0.61.1

%

50

40

30

20

10

0

Ph

D

Mas

ters

Hig

her

Dip

lom

a

Bac

hel

ors

Dip

lom

a

Seco

nd

ary

Pre

par

ato

ry

Pri

mar

y

Can

rea

d &

wri

te

Illit

erat

e

Abu Dhabi National Unemployment by Educational Status (2008)

Females

Males

18

Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

Source: Department of Finance - Customs Administration, Ministry of Foreign Trade

UAE and Abu Dhabi Key Non-Oil Trade Indicators (In AED Billions)

2001

(AED Millions)

10,000

8,000

6,000

4,000

2,000

0

2010 2005

(AED Millions)

0,10

0,08

0,06

0,04

0,02

0,00

AD Imports (right)

UAE Imports

(AED Millions)

1,500

1,000

500

0

2010 2005 2001

(AED Millions)

0,40

0,35

0,30

0,25

0,20

0,15

0,10

0,05

0,00

AD Exports (right)

UAE Exports

19

Non-Oil Foreign Trade of the UAE and Abu Dhabi The non-oil foreign trade is dominated by imports

(Billions)

800

700

600

500

400

300

200

100

0

2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

UAE Imports

UAE Re - Exports

UAE Exports 86.693.9

90.3

63.3

45.7

35.233.126.9

22.521.2

11.69.56.35.84.63.22.71.91.00.9

0

10

20

30

40

50

60

70

80

90

100

(Billions)

AD Exports (right)

AD Imports (right)

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

(Millions)

2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

Source: Statistics Centre Abu Dhabi (SCAD), Department of Finance - Customs Administration, Abu Dhabi National Oil Company (ADNOC), IMF Country Report

-100,000

0

100,000

200,000

300,000

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

(Millions)

Oil

Abu Dhabi Trade Balance (In AED Millions)

Abu Dhabi Key Trade Indicators (In AED Millions)

(Oil exports)

(Non-oil exports)

Total re - exports

Total exports

Total Imports (cif)

20

Abu Dhabi’s Foreign Trade Foreign trade is dominated by oil exports and non-oil trade balance is negative

Non-oil

Abu Dhabi’s Foreign Trade Abu Dhabi’s total non-oil exports increased modestly by 11.6% while non-oil imports tripled during the past 10 years

Abu Dhabi Non-Oil Imports by Region – 2001 (In Millions AED)

Abu Dhabi Non-Oil Exports by Region – 2001 (In Millions AED)

Source: Statistics Centre Abu Dhabi (SCAD), Department of Finance - Customs Administration 21

4,654

MENA

Asia

North America

Central and South America

Oceania

Europe

202

332

55

Africa

2,258

Total Non-Oil Imports 21,233

4,617

Total Non-Oil Exports 919

106

MENA Asia

North America

Central and South America

Oceania

Europe

0.06

0.7

233

Africa

6

40

533

Abu Dhabi Non-Oil Imports by Region – 2010 (In Millions AED)

Abu Dhabi Non-Oil Exports by Region – 2010 (In Millions AED)

22,673 MENA

Asia

North America

Central and South America

Oceania

Europe

1,793

968

2,980

Africa

12,797

Total Non-Oil Imports 86,574

15,685

Total Non-Oil Exports 11,611

1,681

MENA Asia

North America

Central and South America

Oceania

Europe

2,637

2,806 22

659

Africa

27 3,779

9,115

29,678

0

100

200

300

400

(AED/barrel)

Abu Dhabi’s Top Oil & Gas Exports and Trading Partners Asia is the main oil and gas market for Abu Dhabi hydrocarbon exports followed by Western Europe for refined petroleum products

Abu Dhabi’s Main Oil & Gas Exports Partners - 2010 (% volume)

Abu Dhabi

87.4

13.5

13.5

Crude Oil

Refined petroleum products

Liquefied gas

35.6 18.4

Japan Korea

15.7 2.2 19.6

Tailand

Holland

13.5 UK

3.3 France

5.6

Source: Statistics Centre Abu Dhabi (SCAD), Abu Dhabi National Oil Company (ADNOC), IMF

Saudi

2.9

13.6 3.2

India Taiwan

22

China

5.4

Singapore

6.1

11.0

210190

310

213195

144

9772

5357

2005

(Billion)

300

200

100

2001

0

2010

250

50

350

150

Abu Dhabi oil export value

Abu Dhabi’s Oil Exports 2001-2010 (In AED Billion )

2001

(Metric Tonne)

2005 2010

0

30,000

25,000

20,000

15,000

10,000

5,000 LNG

LPG

Pentane Plus

Gas Exports

Abu Dhabi’s Gas Exports 2001-2010 (In Thousand Metric Tonnes)

Average export price

23

Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

Source: Statistics Center – Abu Dhabi (SCAD), National Bureau of Statistics (NBS), UNCTAD FDI data

UAE and Abu Dhabi’s Total FDI (In AED Millions)

UAE FDI Flows 2001-2010 (In AED Millions)

24

Foreign Direct Investment The UAE benefited from growing FDI inflows up until the global financial crisis

51,61241,241

153,546134,017

(Millions)

200,000

150,000

100,000

50,000

0

2008 2007

UAE FDI

Abu Dhabi FDI

(Millions)

5.000

4.000

3.000

2.000

1.000

0

2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

Inward

Outward

6847261,0334,5765,381

10,09912,794

15,80517,225

39,780

46,137

327264285

25,271

2,6973,5332821,089

12,706

5,679

0

10,000

20,000

30,000

40,000

50,000

(Millions)

Other Education Health Restaurants & Hotels

Transport, Storage &

Communications

Electricity, Gas & Water

Mining & Quarrying

Manufacturing Wholesale & Retail Trade

Construction Real Estate & Business Activities

Financial Institutions

UAE and Abu Dhabi’s Total FDI by Economic Activity (In AED Millions)

Abu Dhabi

UAE

International Financial Crisis

36%

38%

25%

30%

35%

43%

40%

34%

36%

13%

32%

35%

27%

32%

27%

35%

15%

42%

33%

42%

81%

44%

27%

26%

100% 80% 60% 40% 20%

28,324

53

165,775

961,406

7,062

Education

42%

33%

Real Estate & Business Services 21%

Finance

6%

Transport, Storage & Communication 17%

23%

Hotels & Restaurants

38%

Wholesale & Retail Trade

64,996

30%

Construction

95,131 48% Electricity, Gas & Water

44%

Manufacturing Industries

30%

Mining & Quarrying 36%

Health 81

539

55,145

Agriculture, hunting & forestry

0%

53,990

38,992

2007 2008 2009

UAE Foreign Investment by Economic Activity (In AED Million)

58%

57%

60%

54%

52%

56%

57%

47%

51%

69%

57%

61%

40% 20% 0%

Social & Personal Services 52 39%

Health 46 43%

Education 10 31%

Real Estate & Business Services 24,770 49%

Financial Institutions & Insurance 12,037 53%

Transport, Storage & Communication 496 43%

Hotels & Restaurants 7 44%

Wholesale & Retail Trade 541 48%

100%

2,027 46%

Electricity, Gas & Water 41,977 40%

Manufacturing Industries

Construction

43%

Mining & Quarrying 4,651 42%

80% 60%

6,239

Abu Dhabi Foreign Investment by Economic Activity (In AED Million)

Source : National Bureau of Statistics (NBS), Statistics Center Abu Dhabi (SCAD) 25

Foreign Direct Investment by Economic Activity Utilities, real-estate, business services and finance were the biggest recipients of FDI in Abu Dhabi

(%) (%) (AED mn) (AED mn)

Source: Statistics Center Abu Dhabi (SCAD)

15%13%

7%12%

12%

10%

13% 16%6%

(%)

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

2010*

24%

25%

16%

3% 10%

2005

16%

15%

18%

4% 5%

2001

20%

17%

16%

5% 3%

33,451 177,467*

Total (AED Million)

GFCF to

GDP (%) 18 28 12

Abu Dhabi’s Gross Fixed Capital Formation (GFCF) By Economic Activity

47,278

Mining and Quarrying

Manufacturing Industries

Transports , Storage and Communication

Electricity , Gas and water

Construction

Real Estate and business Services

Other

Public Administration & Defense

1.0%

0.9%

0.4%

0%

1%

2%

3%

4%

5%

6%

(%)

2010*

2.1%

1.5%

Other

Abu Dhabi’s Gross Fixed Capital Formation (GFCF) Oil, public administration and manufacturing are the major sectors

* 2010 Preliminary estimates

The Financial Corporations Sector

Social and Personal Services

Wholesale Retail Trade and Repairing Services

Restaurants and Hotels

Agriculture , Live stock and Fishing

26

27

Contents

1. GDP and Inflation

2. Population and Labor Force

3. Foreign Trade

4. Investment

5. Abu Dhabi in the Global Economy

(Thousands)

120,000

100,000

80,000

60,000

40,000

20,000

0

2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

Source: Statistics Center Abu Dhabi (SCAD), IMF, ADCED 28

GDP Per Capita at Current Prices (In Thousands of US$)

Abu Dhabi’s GDP and Inflation Compared to Selected Countries

Qatar

Kuwait

KSA

Ireland

Norway

Singapore

U.A.E

Abu Dhabi

11

30

22

20

17

16

10

-7

(%)

Qatar

Singapore

KSA

Kuwait

Abu Dhabi

Norway

UAE

Ireland

6

6

16

9

5

4

4

-2

(%)

7

10

22

9

14

14

9

11

(%)

Total GDP Growth Rate (CAGR)

1 year (2010) 5 years (2006-2010) 10 years (2001-2010)

(%)

20

15

10

5

0

-5 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001

Inflation Rate (2001-2010)

0.91.2

2.1

2.52.7

3.0

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Abu Dhabi Qatar Ireland Norway Singapore UAE

(Millions)

Distribution of Active Labor Force by Sector - 2008 (In Thousands)

(%)

7

6

5

4

3

2

1

0

Employment

Labor Force for Selected Countries – 2008 (In Millions)

Unemployment

2.2 2.6

6.3

3.5

0.5

Abu Dhabi

Source: Statistics Center Abu Dhabi (SCAD), National Bureau of Statistics (NBS), UAE Ministry of the Economy Population Estimates, Qatar Information Exchange, Ministry of Manpower - Singapore

Singapore

4.2

Abu Dhabi’s Labor Force and Unemployment Compared to Selected Countries

660

23 17

752

6

21 106

85

200 112

Other*

312

1,412

Construction

Manufacturing

1,500

(Thousands)

Services

0 500 1,000

Males

Females

2

132 509

Other*

Services

1,000 1,500

(Thousands)

177 Construction

50 51

175

Manufacturing 2

0

151 149

378

3

500

*Other includes Agriculture, Fishing, Mining & Quarrying, Utilities and Activities Not Adequately Defined

-8

4

4339

3023

66

193

(%)

60

40

20

0

-20

2009 2001 2002 2003 2004 2005 2006 2007 2008

80

-40

-60

2010

Imports (Y-o-Y % Change)

66

-49

62

35

47

3536

-7-15

10

(%)

2005

60

40

20

0

-20

-40

2004 2001 2002 2003

80

-60

2010 2009 2008 2007 2006

Exports (Y-o-Y % Change)

Source: Statistics Centre Abu Dhabi (SCAD), IMF

Abu Dhabi’s Foreign Trade Compared to Selected Countries

Abu Dhabi

China

Qatar

USA

Japan

Germany

UAE

KSA

Norway

30

Trade to GDP Ratio 2008-2010 (In %)

Note: Total trade of goods and commercial services (exports + imports, balance of payments basis) divided by gross domestic product (GDP). Calculated on the basis of data for the three latest years available.

Qatar : 83.9

Norway : 73.3

KSA : 95

Singapore : 420.1

UAE : 145.1 Abu Dhabi : 60.9

China : 55.2

Japan : 30.9 USA : 27.8

Trade Per Capita 2008-2010 (In US$)

Qatar :57,425

Norway : 62,165

KSA : 15,162

Singapore : 162,076

UAE : 61,995 Abu Dhabi : 56,174

China : 2,135

Japan : 12,418 USA : 12,958

Note: Total trade of goods and commercial services (exports + imports, balance of payments basis) divided by the population size. Calculated on the basis of data for the three latest years available.

Source: Statistics Centre Abu Dhabi (SCAD), WTO, ADCED

Abu Dhabi’s Trade Indicators Compared to Selected Countries

31

Abu Dhabi’s Investment Compared to Selected Countries

Total FDI as a Percentage to GDP - 2010

7

11

19

222223

25

30

0

Abu Dhabi* Ireland Kuwait Singapore Norway

(%)

30

20

10

KSA UAE Qatar

5

15

25

35

Source: Statistics Centre Abu Dhabi (SCAD), National Bureau of Statistics (NBS), IMF, OECD, ADCED 32

*2008 data

Abu Dhabi Council for Economic Development PO Box 44484, Abu Dhabi, United Arab Emirates T +971 (0)2 418 9999 F +971 (0)2 418 9988 www.adced.ae

ADCED is a government advisory agency that provides a platform for government and private sectors to work

together to achieve economic diversification and sustainable growth