Middle East Economic Survey


No 18



Omans Economy Fares Better Than Many Peers In Financial Crisis, Says NBK

Omans economy has recorded some of the Gulf regions more sluggish growth rates for much of this decade, at least in relative terms. Real GDP grew by an average of 6.5% per year in 2003-08, compared to an average of nearly 8% for the Gulf Cooperation Council (GCC) as a whole. However, the sultanate has performed better than many of its peers through the crisis of the...