UAE's Gross Domestic Product (GDP) advanced by 8 per cent at constant prices or 20 per cent at current prices during 2005 and the country's economy is set to post similar growth in the year ahead, according to Sultan bin Nasser Al Suwaidi, UAE Central Bank Governor.
According to Khaleej Times, the governor said, "The UAE economy is on sound footing with oil prices remaining stable. More than 80 per cent of the economy is driven by oil and to that extent the economy is susceptible to ups and downs. But for the near future the economy is growing at a healthy rate and the trend is likely to continue."
