Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Oman's GDP grows 2.8 in 2013  Join our daily free Newsletter

MENAFN - Muscat Daily - 04/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Oman's gross domestic product (GDP) based on market prices - which takes into account taxes and subsidies - rose by an annual 2.8 per cent at the end of 2013, according to the National Center for Statistics and Information (NCSI).

Total GDP amounted to RO30.63bn at the end of 2013, compared with RO29.8bn at the end of 2012.

Based on producer prices, the sultanate's GDP grew by 3.4 per cent over the same period, to RO31.84bn at the end of last year from RO30.8bn at the end of 2012.

Financial intermediation services indirectly measured (FISIM) grew by six per cent to RO612.6mn. In addition, taxes  less subsidies on products grew to RO1.21bn at the end of 2013, from RO1bn a year ago, representing a growth of 20.8 per cent.

NCSI statistics reveal a one per cent drop in petroleum activity, to RO15.22bn at the end of 2013. The decrease is attributed to a 1.4 per cent drop in the total value of crude oil production, to RO14.05bn. On the other hand, the total value of natural-gas production rose by 4.3 per cent to RO1.17bn in 2013, compared with RO1.12bn at the end of 2012.

Total non-petroleum activity grew by 7.6 per cent in 2013, to reach RO17.23bn, against the 2012 total of RO16.01bn. Non-petroleum activity includes agriculture and fishing, which grew by 8.6 per cent to RO388.1mn.

In addition, industrial activity - which includes mining and quarrying, manufacturing, electricity and water supply, building and construction - totalled RO5.40bn at the end of 2013, for a 2.8 per cent growth.

The services sector recorded a growth of ten per cent to total RO11.44bn. This category includes wholesale and retail trade, hotels and restaurants transport, storage and communication, financial intermediation, real-estate services, public administration and other services.


 


Muscat Daily




  MENA News Headlines
 Sep 30 2014 - No Haj without permit: Checkpoints net 98000Arab News
(MENAFN - Arab News) Security forces have barred 98000 people from entering Makkah because they did not have Haj permits the Interior Ministry said in a statement on Monday. The authorities did not ...

 Sep 30 2014 - Turkey tanks face IS at Syria borderArab News
(MENAFN - Arab News) MURSITPINAR Turkey: Turkey on Monday deployed tanks and armored vehicles to reinforce its border with Syria amid escalating Islamic State violence as Parliament is set to ...

 Sep 30 2014 - Price control to end pilgrim abuseArab News
(MENAFN - Arab News) The Ministry of Haj plans to fix the prices of Haj services offered by companies in an attempt to prevent the exploitation of pilgrims by unscrupulous operators.Hussein Al-Sharif ...

 Sep 30 2014 - KSA to host 1.4m Hajis from abroadArab News
(MENAFN - Arab News) More than 1.4 million foreign pilgrims are expected to perform Haj this year said Haj Minister Bandar Hajjar. 'About 1.36 million pilgrims already arrived from different ...

 Sep 30 2014 - Misconceptions about IslamArab News
(MENAFN - Arab News) This is with reference to the report 'Be modern but don't shun Islamic values: King' (Sept. 29). Everybody should read Custodian of the Two Holy Mosques King Abdullah's speech ...

 Sep 30 2014 - Toppling Assad regimeArab News
(MENAFN - Arab News) Beyond a shadow of doubt the atrocities committed by the regime of Bashar Assad paved the way for the militants belonging to the so-called Islamic State to take roots in Syria. ...

 Sep 30 2014 - South Korea's Overseas Construction Orders Grow 5.2%Qatar News Agency
(MENAFN - QNA) Overseas construction projects won by South Korean builders so far this year have risen 5.2% from a year earlier with the annual total expected to top US$70 billion, the government ...

 Sep 30 2014 - Real Estate Transactions Worth over QR831 Million Last WeekQatar News Agency
(MENAFN - QNA) Real estate transactions between September 21 and 25 for the real estate sales contracts registered at the Ministry of justice are worth QR831,613,172, the real estate registration ...

 Sep 30 2014 - HITC Honours Media for Success of Kulluna CampaignQatar News Agency
(MENAFN - QNA) The Hamad International Training Centre (HITC) honoured over 50 representatives from media, healthcare and corporate executives for their contribution towards the success of its ...

 Sep 30 2014 - Power of social mediaArab News
(MENAFN - Arab News) This is with reference to the article 'Shift in US public discourse on ME' (Sept. 29) by Jamal Doumani. It is very true that with the advent of social media things have started ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help