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Official data revealed that the total wages and salaries of workers, “accidents at work”, in the country stood at 493.09 billion dirhams at the end of last year, an increase of 73.5 %, or the equivalent of 209 billion dirhams over 11 years, against 284.26 billion dirhams in 2010. This places the UAE at the forefront of the countries of the region, in terms of salaries, thanks to the rewarding salary packages offered to professionals from local and foreign companies operating in the country.
Yesterday, data from the Federal Center for Competitiveness and Statistics showed an increase in remuneration in recent years, with 308.5 billion in 2011, 407.3 billion in 2014, then 490.6 billion in 2017.
non-financial projects
The non-financial projects sector (including extractive activities, such as petroleum and natural gas, wholesale and retail trade, transport and storage, construction and construction, information and communications, accommodation activities, food services, agriculture and fishing) accounted for the largest share of wages and salaries, at around 375.9 billion dirhams last year.
Wages and salaries in public administration and compulsory social security amount to around 93.08 billion dirhams, and the share of financial and insurance activities amounts to approximately 24.02 billion dirhams.
Wholesale and retail trade and repair of motor vehicles and motorcycles accounted for the largest share of the non-financial project sector compensation, at 64.7 billion dirhams, construction and building 54.56 billion dirhams , 44.8 billion dirhams, transport and storage, 33.9 billion dirhams while on the side of compensation for financial and insurance activities, the share of professional, scientific and technical activities amounted to 28.5 billion .
national savings
In another context, competitiveness data and statistics revealed that the value of the state’s national savings reached 399.29 billion dirhams at the end of last year, against 389.08 billion dirhams. in 2010.
And “national savings”, according to economic concepts, is the sum of domestic savings, in addition to the net returns of state income from foreign investment. The growth of national savings generally contributes to an increase in the standard of living and of wealth, it is also a means of financing investment projects.
Final consumption expenditure (public and private) reached 701.02 billion dirhams in 2020, an increase of 26%, against 556.29 billion dirhams in 2010.
State final consumption expenditure increased from MAD 106.75 billion in 2010 to MAD 185.45 billion in 2020, while final consumption expenditure by individuals increased from MAD 449.54 billion to 515 billion , 56 billion dirhams.
Gross product
Last year, the gross domestic product was 1.317 trillion dirhams, while the gross domestic product, excluding crude oil sector, was 1.09 trillion dirhams, and the gross national income was 1.32. trillion dirhams, and the net national income stood at 1.26. one thousand billion dirhams.
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