Middle East Economic Survey


No 31



Oman GDP Growth Decreases To 12.9% In 2007, Says NBK

Omans nominal GDP growth slowed from 15.5% in 2006 to 12.9% in 2007, mainly due to the declining growth in the oil and gas sector, according to the Oman Economic & Financial Review published by National Bank of Kuwait (NBK) in July 2008. Growth in the non-oil sector remained strong. Nominal GDP reached $40.3bn in 2007; and more than half of the increase was contributed by the...