Middle East Economic Survey

VOL. LII

No 30

27-Jul-2009

oman

Omans Economy Remained Strong In 2008, Says CBO

Despite adverse international developments, Oman registered a strong macroeconomic performance in 2008 for the fifth consecutive year, according to the Annual Report 2008 of the Central Bank of Oman (CBO) published in July. Omani GDP at current market prices rose by 44% thanks to accelerated activities in both oil and non-oil sectors. The hydrocarbon sector accounted for 51.3% of the countrys...