Middle East Economic Survey

VOL. LIII

No 8

22-Feb-2010

OMAN

Higher Oil Production And Exports Drive GDP Increase In 3Q09

Omans economy registered an increase in GDP of 17.4% in the third quarter of 2009 compared to 2Q09, up from -1.3% in 2Q09 and -30.5% in 1Q09, according to the Third Quarter 2009 Economic Review published in January by the Ministry of National Economy. The increase was mostly due to the rise in the value added from petroleum activities, resulting from increased oil...