Summary
Abu Dhabi's economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu Dhabi's economy still depends heavily on oil, deriving 50 percent of its real gross domestic product and more than 90 percent of central government revenue from the hydrocarbon sector, the ratings company said in a report May 31 .
On a broader level, S&P Global predicts the Abu Dhabi general government debt levels to remain largely stable at less than 7 percent of GDP through 2022 .
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