Annual National Accounts

Transcription

1 Annual National Accounts Gross Domestic Product June 2013

2 Foreword The Statistics Centre - Abu Dhabi (SCAD) is pleased to release National Accounts estimates for the Emirate of Abu Dhabi. The statistics in this publication are calculated using data from various sources including the annual economic survey, consumer price index, and other administrative and statistical sources. The publication can be used by planners, decision makers, government, companies and researchers to better understand the economic activity in the Emirate of Abu Dhabi. Data included in this release reflects the economic development taking place in the Emirate under the wise leadership of H.H. Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE and Ruler of Abu Dhabi, and the unlimited support of H.H. General Sheikh Mohammed Bin Zayed Al Nahyan Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, and Chairman of the Executive Council of Abu Dhabi. The publication includes constant price annual GDP estimates, which are the official measure of growth of the economy in the Emirate of Abu Dhabi. Constant price estimates offers a more comprehensive image on economic growth. Commentary is provided on the key GDP aggregates alongside analytical tables and graphs. In addition to this, notes that cover the more technical aspects of the released statistics have been provided. The glossary of terms and acronyms will give readers a good understanding of the terms and acronyms used in the publication. Data tables with longer time series and more detailed statistics suitable for analyzing and evaluating the performance of the economy are included. I wish to thank all of our partnership entities in the Emirate, which have provided SCAD with administrative data, and all of the businesses which have responded to our economic surveys. Without their support and cooperation, SCAD would not be able to produce such quality statistics, as we have in this official statistical release, based on real evidence. Butti Ahmed Mohammed Bin Butti Al Qubaisi Director General June

3 Table of Contents Introduction 5 Key Points 6 Gross Domestic Product in Current Prices by Component 7 Gross Domestic Product in Current Prices by Activity 8 Gross Domestic Product in Constant Prices by Activity 9 Technical Notes 10 Glossary of Terms and Acronyms 13 Statistical Tables 15 3

4 Index of Tables Table 1: Gross Domestic Product in current prices 7 Table 2: Gross Domestic Product in constant 2007 prices 9 Table 3: National accounts key statistics 15 Table 4: Gross Domestic Product in current prices by activity 16 Table 5: Percentage change in Gross Domestic Product in current prices by activity 17 Table 6: Percentage contribution to Gross Domestic Product in current prices by activity 18 Table 7: Gross Domestic Product in constant 2007 prices by activity 19 Table 8: Percentage change in Gross Domestic Product in constant 2007 prices by activity 20 Table 9: Percentage contribution to Gross Domestic Product in constant 2007 prices by activity 21 Table 10: Production in current prices by activity 22 Table 11: Percentage change in production in current prices by activity 23 Table 12: Contribution to production in current prices by activity 24 Table 13: Intermediate consumption in current prices by activity 25 Table 14: Percentage change in intermediate consumption in current prices by activity 26 Table 15: Intermediate consumption in current prices by activity 27 Table 16: Contribution to compensation of employees in current prices by activity 28 Table 17: Percentage change in compensation of employees in current prices by activity 29 Table 18: Contribution to compensation of employees in current prices by activity 30 Table 19: Gross fixed capital formation in current prices by activity 31 Table 20: Percentage change in gross fixed capital formation in current prices by activity 32 Table 21: Contribution to gross fixed capital formation in current prices by activity 33 4

5 Introduction This publication includes Gross Domestic Product (GDP) and related statistics in both current and constant prices for the Emirate of Abu Dhabi. The constant price statistics are a recent addition to the range of official statistical outputs produced by Statistics Centre Abu Dhabi. GDP in current prices measures the value of output during a given year in the prices for that year. GDP in current prices as well as the value of production consists of two components, a price and a volume (or quantity). For a specified period of time, the price reflects the prices for each good and service produced while the volume reflects the quantity of all of the goods and services produced. Because prices and volumes can move independently, i.e. in different directions and at different rates of change, it is useful to separate GDP in current prices into these two components. The change in GDP in current prices reflects the change in both the prices and volumes of production. GDP estimates in constant prices remove the effect of price changes, and thus reflect the actual change in the economy. The price component is essentially a price index, and is referred to as the GDP deflator. The GDP deflator is a measure of average prices in the economy for a particular time period. GDP in constant prices is a measure of the quantity of goods and services produced for that same time period. GDP in constant prices is viewed internationally as the preferred measure of economic growth over time, because it shows the volume of production in a specific year using the base year prices. It is commonly viewed as the main economic indicator, as it shows the business cycle of real economic activity. It is calculated by two methods: removing the price effect by dividing GDP in current prices by a price index; this is called deflation; and direct estimation of the quantities of goods and services produced in a specific year; this is called extrapolation. The statistics in this release have been provided by activity. Each activity represents a grouping of industrial units that have a similar production process. This grouping enables an analysis of the data in specific areas of the economy. GDP can be calculated by three different approaches namely the production, income, and expenditure approaches. The calculation of each approach uses different data sources to calculate GDP. The three approaches are complementary (not alternatives) to each other; some can be estimated using the income approach, while other can be estimated using the production or expenditure approaches. In this release, the production approach has been used. The production approach calculates GDP by subtracting intermediate consumption from total production. 5

6 Key Points GDP in current prices increased by 7.7% to AED 912 billion in 2012 compared with AED 847 billion in GDP per capita was AED 390 thousand in 2012 compared with AED 392 in GDP in constant prices increased by 5.6% in 2012 following an increase of 9.3% in The value added of oil in current prices increased by 6.2% and non-oil by 9.6% during Compensation of employees showed an increase of 9.1% to AED billion in 2012 compared with AED billion in Gross fixed capital formation increased by 5.3% to AED billion in 2012 compared with AED billion in

7 Gross Domestic Product in Current Prices by Component The value of GDP in current prices was AED billion in 2012 compared with AED billion in 2011, a growth rate of 7.7% over the period. The increase in GDP was driven by a rise in production by all economic. Positive growth rates for all economic contributed to the increase in GDP with the value added of the construction activity increasing by 5.0% in 2012 compared with 0.9% in The growth rate of value added in the oil and gas activity decreased from 52.8% in 2011 to 6.2% in This was mainly due to low increases in both the volumes of production and prices of this activity. The average growth rate of 7.7% for GDP in 2012 was lower than the 32.3% for This was mainly due to the lower average growth rate in the value added of the oil and gas mentioned above. Table 1: Gross Domestic Product in current prices Value in million AED Production 2008 mvt (%) 2009 mvt (%) 2010 mvt (%) 2011 mvt (%) 2012* measure Oil 412, , , , ,847 Non-oil GDP 292, , , , , , , , , ,591 GDP per capita (AED) 415, , , , ,476 7

8 Gross Domestic Product in Current Prices by Activity GDP in current prices increased by 7.7% in 2012, and was mainly due to the 9.6% increase in non-oil. These have recorded positive rates of change over recent years and played an important role in the growth of GDP. Oil contributed AED billion to GDP in This was the highest level following the previous peak in 2011 of AED billion. Oil accounted for 56.5% of GDP in 2012 compared with 57.3% in Non-oil in current prices increased by 9.6% in These have seen strong increases in the last three years following the slight growth in This continued growth in addition to low growth in the oil and gas sector resulted in the increase in the contribution of non-oil to GDP from 42.7% in 2011 to 43.5% in The small increase in oil prices in 2012 had a stabilizing impact on the contribution of oil to GDP compared with The contribution of oil to GDP was 56.5% in 2012, 57.3% in 2011 and 49.6% in The main contributors to the increase in non-oil were Manufacturing, Wholesale and retail trade, and Real estate. In 2012, Manufacturing, Wholesale and retail trade, and Real estate increased by 11.2%, 14.5% and 15.0% respectively. 8

9 Gross Domestic Product in Constant 2007 Prices by Activity GDP in constant 2007prices increased by 5.6% in 2012 following an increase of 9.3% in Oil grew at 3.8% while non-oil rose by 7.7% during the period. The growth in oil was influenced by increasing world demand for oil products. Non-oil have shown stable and sustained strong growth since 2005 with the increases ranging between 5% and 9% over this time. The main contributors to the increase in constant price non-oil from 2011 to 2012 were Real estate with 16.8% and Manufacturing with 9.7%. The strong increases in these were partly due to large value sales of property by developers in 2011 and and Administrative and support service both grew by 13.9% in 2012 following increases of 4.3% and 19.3% respectively in The GDP deflator index recorded an increase of 1.9% in 2012 following strong increases of 21.0% in 2011 and 12.3% in 2010 and a decrease of -20.1% in Volatility in this index can be attributed to fluctuations in the crude oil price. Table 2: Gross Domestic Product in constant 2007 prices Value in billion AED GDP 2008 mvt (%) 2009 mvt (%) 2010 mvt (%) 2011 mvt (%) 2012* Oil 330, , , , ,616 Non-oil 249, , , , ,433 GDP 580, , , , ,049 GDP deflator 9

10 Technical Notes Compilation framework The statistics has been compiled using the System of National Accounts 1993 international framework. Classification framework The International Standard Industrial Classification Rev 4 (ISIC4) has been used for the compilation of the statistics by economic activity. The ISIC3.1 and ISIC4 series by activity will not be comparable due to the changes between the classifications. The series prior to 2008 have been converted from ISIC3.1 to ISIC4; the data were converted in order to provide a sufficient statistical time series to users. Concordances and ratios were applied to convert the data; however ISIC4 is a more detailed classification and, for some, users should expect more variance in the data than usual. The detailed data are published at the section (1 digit) level of ISIC4 with two exceptions. D-Electricity, gas, steam and air conditioning supply and E-Water supply; sewerage, waste management and remediation have been combined into Electricity, gas and water supply; waste management due to the small size of the latter. R-Arts, entertainment and recreation and S-Other service have been combined into Arts, recreation and other service due to the small size of both. More information on ISIC4 can be found at the following address: Economic territory The statistical estimates measure all economic activity of institutional units resident to the Emirate of Abu Dhabi. Activity of units that are not resident to the Emirate of Abu Dhabi is excluded. Many units in the UAE whether resident or non-resident to Abu Dhabi Emirate have branches across multiple emirates. This can often lead to difficulties in collecting Abu Dhabi-only data, particularly when the head office is located in another emirate. SCAD is working towards implementing new collection strategies that will minimize the impact of this issue on the national accounts. Data sources The main data source for the current price series is the SCAD Annual Economic Survey. However many other data sources have been used to supplement the survey data in order to best compile the statistical estimates. Other data sources include, but are not limited to, the consumer price index; building materials prices; government financial data; administrative data from other Government and non-government entities; other survey data; international commodity prices; other international statistical agency data; and OPEC data. The table below lists the main data sources currently used in the compilation of the accounts in this publication. It should be noted that the data sources will change over time as more data sources are developed and improved. 10

11 Activity Agriculture, forestry and fishing Mining and quarrying (includes crude oil and natural gas) Manufacturing Electricity, gas, and water supply; waste management Construction Wholesale and retail trade; repair of motor vehicles and motorcycles Transportation and storage Accommodation and food service Information and communication Financial and insurance Real estate Professional, scientific and technical Administrative and support service Public administration and defence; compulsory social security Education Human health and social work Arts, recreation and other service Activities of households as employers Current price data source Various agricultural and fishing data sources published by SCAD Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey Annual Economic Survey; Calculation Annual Economic Survey Annual Economic Survey Annual Economic Survey; Government Financial Accounts data Annual Economic Survey; Government Financial Accounts data Annual Economic Survey; Government Financial Accounts data Annual Economic Survey Constant price data source Oil and related products production volumes data Refined and petrochemical production volumes data; Electricity and water production data Air and water transportation volumes data; Hotel guest nights; Population data; Price deflator Agriculture producer price index Consumer price index; Building materials price index; International commodity prices; Building materials price index Consumer price index Consumer price index; Consumer price index; Consumer price index GDP price deflator Consumer price index Consumer price index Consumer price index Consumer price index Number of pupils Number of staff employed by households Consumer price index Consumer price index Consumer price index 11

12 Annual Economic GDP price deflator Imputed bank services Survey 1. Calculation refers to the value or part of the value being calculated from data sources listed in the other columns via price deflation or volume extrapolation. Constant price methodology The constant price statistics have been calculated using different methodologies to remove the price effect. The two methods used are price deflation and volume extrapolation. Price deflation requires that a current price series is divided by a price deflator series; this creates a constant price series. Volume extrapolation requires a current price series and a volume indicator series. This method applies the growth rates of the volume indicator series to the current price series in the base year to create a constant price series. Reference and base year 2007 The constant price statistics have a reference and base year of This means that the constant price series are in the prices of the 2007 year and that the current price and constant price levels will be the same in this year. This also means that the weights used in the calculation of the constant price statistics are predominantly based on 2007 data. The year 2007 was chosen since the majority of the weights are available in this year, particularly the consumer price index, which has a 2007 base year and is one of the key price deflators used. Survey frame update The economic surveys performed by SCAD are based on a comprehensive unit record data frame maintained by SCAD. This register is used in the selection and weighting of surveyed establishments. In 2010 SCAD undertook a large scale project to update the frame and a newly updated frame has been completed and used for the AES This created significant change in the level of some and partly contributes to the increased data variance between the 2008 and 2009 years. The variance is due to the birth or death of establishments to the survey frame, as well as the change in details (such as size and activity) of establishments common to the old and the new frames. Revisions policy The estimates in this publication are based on primary data and methods. Once these primary data are incorporated into the accounts, these are considered final for that year and are not revised unless further primary data from new sources become available. Normal international practice in producing, and continuously improving, quality official statistics is to make revisions over time as significant new evidence becomes available to official statistical agencies. Future publications Data for the 2012 reference year will also be available in the SCAD Statistical Yearbook 2013, based on secondary data and methods. Estimates for 2012 are preliminary and will accordingly be revised once primary data becomes available. Contact For additional information please contact us at the following address: info@scad.ae 12

13 Glossary of Terms and Acronyms AED: Arab Emirates Dirham Compensation of employees: Compensation of employees is the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. Gross Domestic Product (GDP): This refers to the market value of all final goods and services produced within a country in a given period. GDP deflator index: This is a price index that shows how the price for GDP has changed over time. This is calculated by dividing the current price GDP series by the constant price GDP series and multiplying the result by 100. Constant prices: This refers to the series which have been obtained by removing the effect of price changes over time from the values of flows or stocks of goods and services. Current prices: This refers to the series being valued at the prices current at the time the activity takes place. Production measure of GDP: Production less Intermediate consumption. GDP per capita: This is calculated as GDP divided by the total population. GDP per capita is seen as an indicator of standard of living. Gross fixed capital formation: Gross fixed capital formation is measured by the total value of a producer s acquisitions, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units. Intermediate consumption: This is an accounting flow which consists of the total monetary value of goods and services consumed or used up as inputs in production by enterprises, including raw materials, services and various other operating expenses. Oil : This refers to the Mining and quarrying (including crude activity only. This does not include related crude oil and natural gas such as refining, petrochemicals, distribution, or transport. Mvt (movement): Year on year percentage change. Non-Oil : This refer to all with the only exception being Mining and quarrying (including crude. Preliminary estimates: Estimates that have been calculated using only secondary data sources and methods. Users of these data should be aware that preliminary estimates will be revised when primary data sources become available for that time period. Production (also called Output or Gross output): Output consists of those goods or services that are produced within an establishment that become available for use outside that establishment, plus any goods and services produced for own final use. 13

14 Value added: Gross value added is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector. 14

15 Statistical Tables Table 3: National accounts key statistics * GDP in current prices (million AED) 383, , , , , , , ,591 GDP in current prices (annual % change) Oil value added in current prices (million AED) Oil value added in current prices (annual % change) Oil value added in current prices (% contribution to total) Non-oil value added in current prices (million AED) Non-oil value added in current prices (annual % change) Non-oil value added in current prices (% contribution to total) 215, , , , , , , , , , , , , , , , GDP in constant 2007 prices (million AED) 491, , , , , , , ,049 GDP in constant 2007 prices (annual % change) Oil value added in constant 2007 prices (million AED) Oil value added in constant 2007 prices (annual % change) Oil value added in constant 2007 prices (% contribution to total) Non-oil value added in constant 2007 prices (million AED) Non-oil value added in constant 2007 prices (annual % change) Non-oil value added in constant 2007 prices (% contribution to total) na , , , , , , , ,616 na , , , , , , , ,433 na GDP deflator (price index) GDP deflator (annual % change) na GDP per capita in current prices (AED) 279, , , , , , , ,476 GDP per capita in current prices (annual % change) na Notes: * Preliminary estimates na: not available 15

16 Table 4: Gross Domestic Product in current prices by activity Value in million AED Non-financial corporations 365, , , , , , , ,034 Agriculture, forestry and fishing 4,600 4,395 4,386 4,539 4,698 4,556 5,136 5, , , , , , , , ,847 Manufacturing 28,584 32,879 35,244 39,118 29,990 35,813 47,967 53,359 waste management 8,716 10,421 12,662 14,064 14,678 16,536 18,996 20,905 Construction 26,321 36,922 47,036 65,655 79,310 82,781 83,516 87,692 19,613 22,248 25,618 32,282 28,084 28,524 28,086 32,153 Transportation and storage 8,696 10,679 12,187 16,737 15,401 21,236 29,238 33,156 3,602 4,265 4,864 6,762 6,283 7,548 8,477 9,451 Information and communication 15,262 18,739 21,931 23,261 24,022 19,038 19,337 19,822 Financial and insurance 17,988 21,119 27,294 29,575 30,154 29,332 32,885 34,735 Real estate 10,361 12,803 16,211 21,350 23,830 27,555 34,693 39,897 10,252 12,668 15,372 18,113 17,385 18,032 19,160 22,001 5,858 6,880 8,869 8,249 9,695 7,935 9,643 11,076 10,324 10,675 11,571 18,653 20,559 30,662 33,506 34,846 Education 5,225 5,512 6,121 7,229 7,499 6,986 9,058 10,416 Activities of households as employers 1,500 1,582 1,757 3,717 3,722 3,670 5,644 6,260 1,598 1,731 2,020 1,589 2,068 3,414 2,483 2, ,011 1,309 1,503 1,572 1,787 2,019 Imputed bank services -11,436-13,654-16,233-19,815-22,575-22,475-27,665-29,043 Total 383, , , , , , , ,591 Total Non-oil 167, , , , , , , ,744 16

17 Table 5: Gross Domestic Product in current prices by activity Annual percentage change Non-financial corporations Agriculture, forestry and fishing Manufacturing waste management Construction Transportation and storage Information and communication Financial and insurance Real estate Education Activities of households as employers Imputed bank services Total Total Non-oil

18 Table 6: Gross Domestic Product in current prices by activity Percentage contribution to total Non-financial corporations Agriculture, forestry and fishing Manufacturing waste management Construction Transportation and storage Information and communication Financial and insurance Real estate Education Activities of households as employers Imputed bank services Total Total Non-oil

19 Table 7: Gross Domestic Product in constant 2007 prices by activity Value in million AED Non-financial corporations 471, , , , , , , ,353 Agriculture, forestry and fishing 4,689 4,407 4,386 4,860 4,570 4,488 5,006 5, , , , , , , , ,616 Manufacturing 35,316 35,092 35,244 32,790 30,170 32,075 37,830 41,483 waste management 10,494 11,307 12,662 13,393 14,740 15,403 16,798 18,076 Construction 35,129 43,157 47,036 57,393 75,903 83,263 83,759 87,096 21,602 24,063 25,618 26,320 23,744 23,826 23,315 25,235 Transportation and storage 9,974 11,177 12,187 13,610 13,727 16,675 18,739 20,916 3,811 4,134 4,864 4,963 4,674 5,824 7,314 7,914 Information and communication 16,995 19,069 21,931 23,161 23,768 19,173 18,808 19,224 Financial and insurance 21,439 22,990 27,294 25,249 27,167 25,742 27,462 28,491 Real estate 13,828 14,965 16,211 18,663 20,034 21,783 27,384 31,969 12,284 14,019 15,372 15,766 15,015 15,115 15,761 17,955 7,019 7,614 8,869 7,181 8,373 6,651 7,932 9,037 11,047 10,964 11,571 12,043 13,197 19,248 20,738 21,384 Education 5,690 5,965 6,121 6,137 6,628 6,926 7,287 7,385 Activities of households as employers 1,576 1,615 1,757 2,471 2,442 2,396 3,612 3,986 1,853 1,883 2,020 1,393 1,845 3,037 2,146 2,267 1,093 1,020 1,011 1,139 1,298 1,318 1,470 1,642 Imputed bank services -13,630-14,864-16,233-16,917-20,339-19,724-23,102-23,823 Total 491, , , , , , , ,049 Total Non-oil 200, , , , , , , ,433 19

20 Table 8: Gross Domestic Product in constant 2007 prices by activity Annual percentage change Non-financial corporations na Agriculture, forestry and fishing na na Manufacturing na waste management na Construction na na Transportation and storage na na Information and communication na Financial and insurance na Real estate na na na na Education na Activities of households as employers na na na Imputed bank services na Total na Total Non-oil na na: not available 20

21 Table 9: Gross Domestic Product in constant prices by activity Percentage contribution to total Non-financial corporations Agriculture, forestry and fishing Manufacturing waste management Construction Transportation and storage Information and communication Financial and insurance Real estate Education Activities of households as employers Imputed bank services Total Total Non-oil

22 Table 10: Production in current prices by activity Value in million AED Non-financial corporations 491, , , , , ,313 1,109, ,202,1 Agriculture, forestry and fishing 7,417 7,334 7,007 7,280 7,723 7,490 8,443,07,8 231, , , , , , , Manufacturing 87,150 99, , ,434 98, , , , waste management 11,743 13,699 16,321 17,920 19,888 29,172 31, Construction 45,071 61,747 78, , , , , ,389 29,392 33,422 40,283 34,661 37,746 37, , Transportation and storage 15,751 18,786 20,906 28,292 27,915 33,829 43, ,1 6,208 7,048 7,616 10,357 10,309 13,406 15, Information and communication 17,380 20,715 23,395 24,980 27,624 25,007 26, Financial and insurance 20,963 23,748 29,748 33,021 34,682 35,839 39, ,5 Real estate 11,368 13,490 16,828 22,810 25,811 31,690 37, , 12,723 15,099 17,880 21,201 20,456 23,445 25,108 2,0,3, 7,728 8,772 11,002 10,571 13,318 11,349 13, ,,8 23,967 26,915 28,308 43,381 46,045 54,710 74,260,30177 Education 7,055 7,685 8,126 9,413 10,610 11,026 13, Activities of households as employers 2,289 2,494 2,637 6,724 6,077 8,887 10, ,7 2,349 2,585 2,834 2,744 3,038 4,758 3, ,011 1,309 1,503 1,572 1,787 20,55 Total 537, , , , , ,434 1,224, ,0772 Total Non-oil 306, , , , , , ,217,,

23 Table 11: Production in current prices by activity Annual percentage change Non-financial corporations ,.3 Agriculture, forestry and fishing , Manufacturing waste management ,.5 Construction Transportation and storage , Information and communication Financial and insurance Real estate , Education Activities of households as employers , , , Total ,.7 Total Non-oil ,.2 23

24 Table 12: Production in current prices by activity Percentage contribution to total Non-financial corporations ,.8 Agriculture, forestry and fishing , , Manufacturing waste management Construction Transportation and storage Information and communication , Financial and insurance Real estate Education Activities of households as employers , , ,.2 Total ,,., Total Non-oil ,.2 24

25 Table 13: Intermediate consumption in current prices by activity Value in million AED Non-financial corporations 126, , , , , , , Agriculture, forestry and fishing 2,817 2,938 2,620 2,741 3,025 2,934 3, ,583 20,811 21,460 9,681 10,135 10,625 12, , Manufacturing 58,566 66,568 70,926 90,315 68,388 95, ,576 53,0555 waste management 3,027 3,278 3,659 3,856 5,211 12,636 12, ,5 Construction 18,749 24,825 31,179 50,747 67,395 73,276 84, ,77 6,775 7,145 7,803 8,002 6,577 9,223 9, ,51 Transportation and storage 7,055 8,108 8,719 11,556 12,514 12,593 14, ,606 2,782 2,752 3,595 4,027 5,857 6, ,3 Information and communication 2,119 1,976 1,465 1,718 3,602 5,969 6, ,1 Financial and insurance 2,976 2,630 2,454 3,446 4,528 6,506 6, Real estate 1, ,460 1,981 4,135 3, ,471 2,431 2,508 3,088 3,071 5,412 5,948 70,37 1,870 1,892 2,133 2,321 3,623 3,415 3, ,643 16,240 16,737 24,728 25,486 24,048 40, , Education 1,829 2,173 2,004 2,184 3,111 4,040 4, ,007 2,355 5,217 4,547 10, , ,344 1, Imputed bank services 11,436 13,654 16,233 19,815 22,575 22,475 27, ,38 Total 154, , , , , , , ,, Total Non-oil 138, , , , , , ,270 3,

26 Table 14: Intermediate consumption in current prices by activity Annual percentage change Non-financial corporations ,., Agriculture, forestry and fishing Manufacturing ,., waste management ,.5 Construction Transportation and storage Information and communication Financial and insurance Real estate , , Education , Imputed bank services , Total ,., Total Non-oil ,.7 26

27 Table 15: Intermediate consumption in current prices by activity Percentage contribution to total Non-financial corporations Agriculture, forestry and fishing ,., Manufacturing waste management Construction Transportation and storage , Information and communication Financial and insurance Real estate ,., , Education ,.3 Imputed bank services Total ,,., Total Non-oil

28 Table 16: Compensation of employees in current prices by activity Value in million AED Non-financial corporations 41,865 48,329 56,163 70,229 80,031 98, ,136 55,0538 Agriculture, forestry and fishing 1,664 1,318 1,340 1,379 1,437 1,394 1, ,843 4,126 4,878 7,154 7,991 8,265 9,293 5,0,,, Manufacturing 4,617 5,391 6,176 7,572 10,220 11,044 12, , waste management 1,051 1,280 1,455 1,193 1,878 2,176 2, ,7 Construction 7,641 9,065 12,078 14,924 16,169 23,638 25, ,232 6,707 7,196 8,953 6,603 8,281 8, , Transportation and storage 2,724 3,933 4,245 4,879 5,106 6,934 7, ,228 1,348 1,508 1,993 2,038 3,172 3, Information and communication 1,759 2,464 2,975 2,849 4,185 4,740 4, Financial and insurance 2,776 3,103 3,456 4,877 5,525 7,743 7,998,0855 Real estate ,088 1,965 1,692 1, ,889 4,580 5,049 7,101 5,963 9,449 9, ,652 1,892 2,447 2,407 3,764 3,388 4, ,1 10,324 10,675 11,571 18,653 20,559 30,662 33, ,37 Education 3,377 3,762 4,425 5,428 6,043 6,334 7,695,0,11 Activities of households as employers 1,176 1,308 1,136 2,373 5,638 6,883 7,220,08, ,033 1,210 1, ,011 1,309 1,503 1,572 1,787 20,55 Total 55,877 63,029 72,201 95, , , , , Total Non-oil 52,034 58,903 67,322 87,914 99, , ,

29 Table 17: Compensation of employees in current prices by activity Annual percentage change Non-financial corporations , Agriculture, forestry and fishing Manufacturing waste management , Construction ,., Transportation and storage ,., ,., Information and communication Financial and insurance ,2 Real estate , , , Education Activities of households as employers , , , Total Total Non-oil ,.7 29

30 Table 18: Compensation of employees in current prices by activity Percentage contribution to total Non-financial corporations Agriculture, forestry and fishing , Manufacturing ,.8 waste management Construction Transportation and storage , Information and communication Financial and insurance Real estate Education Activities of households as employers ,., Total ,,., Total Non-oil

31 Table 19: Gross fixed capital formation in current prices by activity Value in million AED Non-financial corporations 39,182 43,789 50,181 81, , , , Agriculture, forestry and fishing , 7,246 7,843 8,469 18,562 33,930 33,716 24, , Manufacturing 8,631 9,609 10,292 18,923 25,609 28,740 28,278 8,0773 waste management 5,900 6,683 7,692 15,968 16,253 12,634 12, Construction 1,985 2,805 3,973 4,871 4,713 4,541 3, ,107 1,210 1,466 1,496 1,591 1,205 1, Transportation and storage 5,192 5,539 6,072 9,557 10,448 11,253 18, ,,8 3,642 4,006 4, , Information and communication , ,724 1,979 6, , Financial and insurance ,366 3,603 5,687 3, , Real estate 899 1, ,774 12,776 9,446 20, , , , ,3 1,271 1,477 1,697 2,944 2, , ,466 7,873 10,603 21,366 37,215 26,842 31, Education , ,181 8, ,154 1,279 1,592 1, Total 47,278 52,351 61, , , , , ,7 Total Non-oil 40,032 44,508 53,118 85, , , , , 31

32 Table 20: Gross fixed capital formation in current prices by activity Annual percentage change Non-financial corporations ,.2 Agriculture, forestry and fishing Manufacturing ,., waste management ,., Construction ,., Transportation and storage , ,.8 Information and communication Financial and insurance Real estate , Education , , Total Total Non-oil

33 Table 21: Gross fixed capital formation in current prices by activity Percentage contribution to total Non-financial corporations ,2.3 Agriculture, forestry and fishing , , Manufacturing , waste management ,.5 Construction , Transportation and storage , ,.2 Information and communication , Financial and insurance Real estate , , Education ,.5 Total ,,., Total Non-oil ,1.2 33

34 34