The System of National Accounts (SNA) is a coherent, consistent, and integrated framework of macroeconomic accounts based on internationally agreed concepts, definitions, classifications and accounting rules. These accounts enable national accountants to measure economic development, growth rate, and changes in consumption, savings, and investment, not only for the entire economy but also for each of its institutional sectors, which include: - non-financial enterprises
- financial enterprises
- government
- household
- non-profit institutions serving households
- external sector.
International practices in national accounting have traditionally focused on national economies. However, in recent years, there has been a growing trend toward applying national accounting standards at the regional and city levels to assess their contribution to the national economy. Dubai is a prime example of this approach, where key principles of national accounts are applied to estimate the Gross Domestic Product (GDP) of the emirate, reflecting the total value added across all economic activities. The GDP indicator is the primary measure of economic performance in the emirate of Dubai.
Thus, the Dubai Data and Statistics Establishment (DDSE) has developed GDP estimates at both current and constant prices, relying on economic surveys and administrative records. These estimates follow clear and defined principles that measure various indicators contributing to value-added, ensuring alignment with internationally recognized methodologies for calculating regional and city-level economic contributions. Dubai's GDP is calculated using the production approach.
Recognizing the critical role of foreign investment in economic development and income diversification, DDSE has conducted a Foreign Investment Survey through field data collection. The survey aimed to support policymakers and decision-makers by offering insights into the state of foreign investment in Dubai and enabling accurate forecasting of future investment trends.
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