Strong oil prices and higher crude output boosted Oman’s GDP by nearly 23.3 per cent in current prices in the first nine months of 2011 and both the oil and non-oils sectors recorded high growth, according to official data.
From around RO1.62 billion in the first nine months of 2010, the Gulf country’s nominal GDP swelled to nearly RO20.07 billion, showed the figures by the Ministry of National Economy, published in the local media.
A breakdown showed the oil sector jumped by about 34.9 per cent while the non-hydrocarbon sector grew by nearly 13.1 per cent in the same period.
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