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FINANCIAL NEWS
Oman’s GDP posts 23.3% increase in Jan-Sep 2011
02 Mar 2012
(MENAFN) Oman’s state news agency said that during 2011’s first three quarters, the country’s gross domestic product (GDP) jumped 23.3 percent to USD51.9 billion, reported Arabian Business.
It added that in the period, oil activity surged 34.9 percent, whereas average daily output went up from 860,000 barrels to 883,200 barrels.
Moreover, non-oil related activities rose 13.1 percent to USD26.15 billion, and industrial service increased 18 percent, whereas services grew by 11.5 percent.
It is worth noting that Oman’s debt to GDP in 2012 is expected to be at 3.2 percent this year, according to the International Monetary Fund (IMF), the lowest in the GCC.
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