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RAK GDP up to AED27 billion in 2014

posted on 04/06/2016: 2870 views


Ras Al Khaimah's economy achieved GDP growth of 4.2 per cent to reach nearly AED27 billion in 2014, compared with AED 25.9 billions the previous year, reveals a report released by the Department of Economic Development in Ras Al Khaimah.

It added that most of the sectors and activities witnessed strong growth in 2014. The GDP estimates showed that the extractive and manufacturing sector contributed 34.8 per cent to the GDP.

The report said the construction and real estate services and the tourism sectors also contributed 14 per cent and ten per cent respectively, while the wholesale and retail trade and repairing services contributed by 12 per cent. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395296291261.html

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