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Tue 30 Apr 2019 01:55 PM

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Sharjah's non-oil GDP exceeds $24bn in 2018

Sharjah Economic Development Department report says non-oil sectors account for 91.9% of the emirate's total GDP

Sharjah's non-oil GDP exceeds $24bn in 2018
Sharjah's total GDP increased to AED97.5 billion in 2018.

Sharjah's 2018 non-oil GDP hit AED89 billion ($24.2 billion), according a report issued by Sharjah Economic Development Department (SEDD), with all non-oil sectors accounting for 91.9 percent of the emirate's total GDP.

The report, cited by state news agency WAM, said that the transport, storage sector and education, health and social services sector were the fastest-growing sectors last year with growth of 4.6 percent, 6.8 percent and 5.5 percent, respectively.

In addition, the industrial sector achieved growth of 3.1 percent and accounted for 25 percent of GDP, ahead of construction, wholesale, retail and real estate sectors, which contributed 7.7 percent, 11.6 percent and 10.4 percent, respectively.

Sultan Abdullah bin Hadda Al Suwaidi, SEDD chairman, said that Sharjah's GDP increased to AED97.5 billion in 2018.

He pointed out that the construction, wholesale, retail and real estate sectors accounted for 13 percent, 8 percent and 10.7 percent respectively of total production.