Within the framework of the Strategic Plan of the ِAbu Dhabi Department of Economic Development, which comes in realization of the Abu Dhabi’s Economic Vision 2030, congruent with the responsibilities entrusted upon the Department by its law No. (2) of 2009, the Studies Directorate has prepared the First Report “the Abu Dhabi Economic Outlook 2010”, which is expected to be released in the near future.
This annual report is the first of its kind in the Emirate, and will be updated annually, to cater for the perceptive quantification of the potential short term economic prospects in the Emirate.
This report accounts for the quantitative estimates of key aggregate variables in Abu Dhabi, and represents the viewpoint of the Government of Abu Dhabi. The “Abu Dhabi Economic Outlook 2010”, sheds light on the performance of various sectors of the economy, and lays emphasis on short term prospective development, depending on the results and outputs of the macro-economic models designed and adapted for the Emirate's economy, based on scientific methodologies, international standard, and norms.
The preparation of this report falls within the prime duties of the Department, set by the law No. (2)/2009 Concerning the Establishment of the Department of Economic Development in the Emirate of Abu Dhabi, and in accordance with its jurisdiction over the preparation of database on indicators and economic variables regarding the economy of the Abu Dhabi’s Emirate, studying and analyzing global indicators, developing forecasts thereto, studying their impacts on the economy of the Emirate and developing indicators for long, medium and short-term plans.
The report consists of several parts, including a brief prelude on the most important economic forecasts for the Emirate of Abu Dhabi in 2010, followed by a review of the primary assumptions set for the preparation of these forecasts, at global, regional, federal or local levels. The report provides a detailed view of key economic forecasts related to economic growth in the Emirate of Abu Dhabi.
This includes forecasts at current and constant prices, as well as forecasts of GDP by economic activity, and GDP by expenditure, which is computed for the first time in the Emirate.
The Economic Outlook also covers major predictions of price levels, population and employment for the year 2010. It should be noted that the forecasts were based on official data issued by the “Statistics Center - Abu Dhabi”, relevant government departments, and specialized international sources.
The Executive Committee of the General Secretariat of Abu Dhabi Executive Council, has approved the release of the first report "the Abu Dhabi Economic Outlook 2010" by the Department of Economic Development, which reveals expectations and predictions of the Government of Abu Dhabi, pertinent to economic developments in the Emirate for the current year, and aims at offsetting ambiguities, and lack of information on short term economic developments and prospects, by provision of information, forecasts and projections relevant to short term path, trends and performance of the economy.