Oman government projects 2023 GDP growth at 5.5pc.

Oman's economy is expected to grow by 5.5 percent in 2023 as compared to estimated 5.0 percent growth in 2022, mainly due to increase in oil and gas production, according to the estimates released by the Ministry of Finance. As per the forecasts prepared by a joint team to monitor economic developments and outlook in Oman, the real GDP is projected to grow by 5.0 percent by the end of 2022, driven by an increase in hydrocarbon activities, the ministry said in its 2023 state budget document. For 2022, the sultanate's hydrocarbon GDP is...