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FINANCIAL NEWS
Oman- 2012 GDP expands 11.5% on strong oil prices
16 May 2013
(MENAFN) Oman’s gross domestic product (GDP) increased around 11.5 percent in current prices during 2012, reported Emirates 24/7.
This increase was due to strong oil prices and elevated public spending.
The strong oil prices in addition to higher output resulted in a record fiscal surplus of USD8.43 billion
It’s worth mentioning that high growth rates were recorded in oil and non-oil sectors.
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