The output of the commercial sector in the UAE is 166.3 billion dirhams

Media In / WAM November 5, 2018
The total output of the wholesale and retail trade sector reached AED 166.3 billion at constant prices during the year 2017, an increase of 0.3% compared to AED 165.7 billion in 2016.
The trade sector accounts for 11.7 percent of the UAE’s gross domestic product (GDP) of 1.42 trillion dirhams at constant prices at the end of 2017.
In the last four years, the activity of the sector has continued to grow as the sector’s output increased from 151 billion dirhams in 2014 to 160 billion dirhams by the end of 2015 before jumping to 165.7 billion dirhams in 2016 and 166.3 billion dirhams last year. .
Loans to the commercial sector accounted for 10.7 percent of the total credit balance provided by the banking system to all sectors of the economy, which amounted to 1.486 trillion dirhams at the end of August 2018, according to the latest statistics issued by the Central Bank of the UAE