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Oman's nominal GDP grows 16% in H1 2012
- Oman: Wednesday, November 21 - 2012 at 04:34
According to data from Oman's National Centre for Statistics and Information, the country's nominal GDP, which is measured at current market prices, grew 16.2% in the first half of 2012 to OR15.2bn from OR13.08bn in the same period of 2011, Muscat Daily has reported. The sultanate's budget surplus grew to OR2.9bn in the first nine months of this year, compared with OR906m in the same period last year, the figures showed. Fuelled by higher oil prices and increased activity in the oil and gas sector, the sultanate's oil-based GDP rose 19.9% to OR7.86bn in the first half, compared with OR6.56bn in the same period last year, while total non-oil output expanded 12.6% to OR8.18bn, the report said.
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