Quotes: 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
 Oct 6 2015 - IMF says Iran nuclear deal to boost Mideast economyAFP
(MENAFN - AFP) Iran's landmark nuclear deal will lift economic growth in the war-plagued Middle East next year as the rolling back of sanctions brings a rebound in oil exports, the IMF said ...

 Oct 6 2015 - Abu Dhabi s NBAD is 1 for GCC bonds DealogicEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) --- National Bank of Abu Dhabi (NBAD) the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine is ...

 Oct 6 2015 - ADEC offers public school students an After School Support ProgrammeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The Abu Dhabi Education Council ADEC has organised an "After School Support Programme" for students for the 2015/2016 ...

 Oct 6 2015 - Four UAE soldiers martyred in AdenEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI 6th October 2015 (WAM) -- The General Command of the UAE Armed Forces has announced the death of four of its brave soldiers in Aden during their ...

 Oct 6 2015 - UAE- Ajman Ruler congratulates Egyptian PresidentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AJMAN 6th October 2015 (WAM) -- H.H. Sheikh Humaid bin Rashid Al Nuaimi Supreme Council Member and Ruler of Ajman has sent a cable of congratulations to the ...

 Oct 6 2015 - UAE Ambassador to Bahrain attends mass weddingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MANAMA 6th October 2015 (WAM) --- Ambassador of the United Arab Emirates to Bahrain Abdul Redha Khouri recently attended a mass wedding for 202 couples with ...

 Oct 6 2015 - Dubai repays US500 million bonds certificatesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2015 (WAM) -- The Government of Dubai acting through the Department of Finance has announced that the US$ 500 million Fixed Rate Note ...

 Oct 6 2015 - UAE- Emirates Airline offers special A380 fares to a host of destinationsEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI 6th October 2016 (WAM) --- Travellers in the UAE gearing up for year-end trips can now enjoy special fares to a host of destinations served by the ...

 Oct 6 2015 - UAE-MENA healthcare providers to spend US2.73bn on IT products services in 2015Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Healthcare providers in the Middle East and North Africa will spend US$2.73 billion on IT products and services in 2015 ...

 Oct 6 2015 - Dhahi Khalfan opens 2015 edition of Critical Communications Middle East in DubaiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai 6th October 2015 (WAM) - Lieutenant General Dhahi Khalfan Tamim Deputy Chairman of Dubai Police and General Security led the opening ceremony of the ...




Click to Apply


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help