Sectoral Gross Domestic Product Analytics and Growth Forecasting Platform
Sectoral Gross Domestic Product Analytics and Growth Forecasting Platform
Description:
This project involves developing a collaborative data platform to provide real-time insights into Abu Dhabi's GDP growth, particularly in non-oil sectors. Data from key industries like finance, tourism, and manufacturing will be integrated to enable GDP trend forecasting.
Objectives:
• Support the diversification of Abu Dhabi's economy.
• Provide actionable GDP insights for strategic economic planning.
• Enhance sectoral performance benchmarking.
Socio-Economic Impact:
• Government: Strengthened economic planning and sectoral development.
• Private Sector: Improved market predictions and sector-specific economic insights.
Potential Datasets:
• Revenue statistics for each sector, segmented by type of business (e.g., retail, wholesale, financial services).
• Number of employees in each sector, categorized by job type and skill level.
• Wages and salaries data by sector and occupational category.
• Import and export volumes and values by sector.
• Data on goods and services produced locally versus those imported.
• Physical production volume data for manufacturing sectors.
• Service output statistics for service-based industries (e.g., tourism, finance).
• Capital investment data in each sector, including real estate, technology, and infrastructure.
• R&D expenditures by sector and industry.
• Expenditure trends by category for retail, hospitality, and entertainment sectors.
• Data on consumer preferences, purchasing power, and demand trends.
• Price indices for manufactured goods, real estate, and services to track inflation-adjusted sectoral growth.
• Data on transport, storage, and distribution costs for key industries like manufacturing and retail.
• Statistics on local and international sourcing and distribution.
• Data on digital adoption rates, tech services usage, and e-commerce transactions.
• Cybersecurity and data infrastructure metrics for technology-focused sectors.
• Data on construction permits, new building starts, and real estate sales.
• Statistics on commercial and residential real estate occupancy rates.
Potential Stakeholders:
Financial Institutions, Tourism and Hospitality Sector, Manufacturing and Industrial Firms, Real Estate and Construction Companies, Retail and E-Commerce Companies, Technology and Telecommunications, Energy and Utilities Sector, Logistics and Transportation, Healthcare and Pharmaceuticals, Education and Training Institutions.
Code: GDP
Sustainable Development Goals (SDG):
International Best Practices:
Singapore uses a sectoral GDP platform to provide timely economic insights.
How to get involved?
D4G Alliance initiative facilitates win-win collaboration between relevant stakeholders where privately held data are utilized to produce actionable insights for the public interest in the Emirates of Abu Dhabi.
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