Oman's economy exhibited strong performance in 2005 with GDP increasing by 22.4% to reach RO8.5bn in 9M-2005 compared to RO6.9bn reported in the corresponding period last year, driven by the 42.47% y-o-y increase in oil revenues. During 2005, aggregate net government revenues stood at RO4.33bn till Oct.-05, higher then the year end net revenues of RO4.04bn recorded for full year 2004.
Net oil and gas revenues accounted for 75.8%, and 20.6% respectively of total government revenues in Oct.-05. The government reported a surplus of RO1.1bn compared to a reported surplus of RO230.3mn in year end 2004. (Source: Global Investment House – Kuwait)
