Browsing: gdp

The Central Bank noted that the UAE’s consolidated fiscal balance for the first nine months of 2023 posted a surplus of AED61 billion, equivalent to 4.4 percent of GDP

GDP growth in the world’s largest economy was pegged at an annual rate of 3.4 percent in the final three months of 2023, said the Commerce Department in its latest report

A group of leading German economic institutes have slashed growth forecasts for the EU’s top economy in 2024 to 0.1% from an earlier projection of 1.3%.

The deficit is now expected to be in excess of five percent of gross domestic product (GDP), Thomas Cazenave, minister for public accounts, told broadcaster Franceinfo

In its latest Global Economic Outlook report, the rating agency said that the sharp upward revision was driven by the US growth forecast to 2.1% from 1.2% in the December 2023 report.

RIYADH: Non-oil economic activity in Saudi Arabia contributed 50 percent to the Kingdom’s gross domestic product in 2023, the highest level ever, the Ministry of Economy and Planning said on Thursday.

This new approach was utilized to determine the Q4 2023 results and the annual figures for the same year, marking a significant shift from the previous fixed base year methodology

Chinese Premier Li Qiang on Tuesday unveiled the country’s economic development program for 2024, promising steps to “transform” the national growth model and eliminate risks brought about by a recent slew of bankruptcies in the property sector.

In 2023, Emirates Development Bank EDB’s contribution to the UAE’s industrial GDP surged by 80 per cent, reaching Dh4.3 billion from Dh2.4 billion on 2022 and bringing the total loans financed by the Bank to Dh8.7 billion since the launch of its strategy in 2021, a senior official said.

The UAE has achieved “a historic first” as its robust national economy reached milestone in its diversification drive with the non-oil sector accounting for 73 per cent of the country’s total GDP.