Oman nominal GDP sees 2.8% slip

RIYADH: Oman’s nominal gross domestic product registered an annual 2.8 percent drop thanks to an output decrease from the hydrocarbon sector, according to the latest figures.

Citing data from the National Center for Statistics and Information, the country’s central bank reported that the oil sector saw an 11.9 decrease in volume produced in the final three months of 2023 compared to the same period last year. 

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