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FINANCIAL NEWS
Oman’s GDP records decline by 14 percent
31 Jan 2016
(MENAFN) Oman’s gross domestic product (GDP) recorded a decline of 14.2 percent in the first three quarters of 2015 at USD 52.06bn, compared to USD 60.6bn in the same period of 2014.
Accordingly, petroleum activities logged a sharp 38.5 percent drop to record USD 18.01bn against USD 29.25bn over the same period a year earlier.
Moreover, whole value of non-petroleum activities recorded a 4.7 percent increase by the end of the cited quarter, reaching USD 36.5mn compared to USD 34.8mn last year.
The services sector viewed growth of 13.1 percent at USD 33.19bn in 2014 against USD 29.36bn in 2013, driven by a 6.4 percent growth in industrial activities which reached USD 11.03mn.
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