Oman’s real gross domestic product (GDP) growth is projected at 3.2 per cent and 3.4 per cent in 2015 and 2016, respectively, by global rating agency Standard & Poor’s.

This is against the agency’s GDP growth projection of 2.5 per cent in both years for Saudi Arabia, 4 per cent and 4.5 per cent for Qatar, 1 per cent and 2.3 per cent for Kuwait and 1 per cent and 2 per cent in 2015 and 2016 for Abu Dhabi, respectively.

The Sultanate’s nominal GDP is projected at $75 billion and $82 billion in 2015 and 2016, respectively, while real per capita GDP is estimated at $18,231 and $19,124 for these two years, respectively.

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Source: Times of Oman, 25th Feb 2015