VOL. XLII
No. 29
19-July-1999
OMAN
Oman Records 10.2% Contraction In GDP In 1998
According to a statement from the Central Bank of Oman(CBO), Gross Domestic Product (GDP) at current market prices contracted in 1998by 10.2%, compared to a rise of 3.4% in 1997. While the contribution of the oilsector to GDP fell by 32%, the contribution of non-oil sectors includingagriculture and services grew by 4.6%, offsetting, according to the CBO,"the decline in oil GDP." The non-oil sectors comprise...
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