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FINANCIAL NEWS
Oman logs 3.7 percent surge in non-oil GDP over H1
08 Nov 2015
(MENAFN) Oman’s GDP for non-oil division in first six months posted a growth of 3.7 percent to hit USD23.1 billion as opposed to last year’s USD22.3 billion over the cited timeframe, as data shows.
In spite of the decline in oil prices, this jump was mainly attributed to growing GDP of agriculture and fisheries sector, services and some industrial activities, especially mining and quarrying.
Moreover, the Sultanate progressively works to raise the contribution of non-oil activities to GDP within its plan to diversify sources of the national income, let alone stimulating economic activity.
Furthermore, GDP for non-oil activities is forecasted to jump through the current year to a staggering USD49.3 billion, registering a growth of 54 percent when compared to USD31.9 billion back in 2010.
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