Middle East Economic Survey

VOL. LIV

No 21

23-May-2011

oman

Omans Real GDP Growth Rate Projected To Ease To 3.9% By 2012

Omans real GDP growth will ease from 6.1% in 2010 to 5.2% in 2011 and then 3.9% in 2012, according to the latest QNB Capital Economic Insight report. Omans nominal GDP reached an estimated $58bn in 2010 and is projectedto rise by 22% to a record high of $70bn in 2011 and by a further 5% to $74bn in 2012. The Omani government conducts its medium term budgeting on the basis...