Oman GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Oman expanded 2.80 percent in 2013 from the previous year. GDP Annual Growth Rate in Oman averaged 5.86 Percent from 2000 until 2013, reaching an all time high of 13.10 Percent in 2008 and a record low of 2 Percent in 2003. GDP Annual Growth Rate in Oman is reported by the National Center for Statistics & Information - Oman.
||2000 - 2013
Oman's economy relies heavily on oil production. The petroleum sector accounts for around 87 percent of budget revenues, 51 percent of GDP and 60 percent of total exports. However, as oil reserved have been shrinking in recent years the government has embarked on a process of economic diversification focused on development of tourism and gas based industries. This page provides - Oman GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.