While a significant portion of economic activity in Oman is concentrated in the capital and nearby surrounding areas, a number of other regions remain key drivers of economic growth. Moreover, these regions are playing an increasingly important role as the national economy matures and diversifies. For example, Sohar offers shipping firms a seaport south of the Strait of Hormuz, which reduces...
Economy
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While hydrocarbons accounted for 38.8% of the sultanate’s GDP in 2011, non-oil activities have grown by 55% from 2007 to 2011, from OR9.2bn ($24bn) to OR14.3bn ($37.7bn). Of these, the services sector has consistently been the largest category recently, hovering between a 30% and 40% share of overall GDP, with industry making up some 15-20%. However, despite the growth of non-oil activity, 2012...
After another year of strong economic performance, Papua New Guinea (PNG) is brimming with confidence. The 2013 budget, announced in November and valued at PGK13bn ($6.2bn), is PNG’s largest-ever budget and one which the government is borrowing more than $1bn to fund.
Economic update | Maroc : Bilan de l’année 2012
4 Jan 2013
Si la croissance économique marocaine a ralenti en 2012, elle devrait, selon le FMI se remettre sur les rails en 2013. Grâce à un ensemble de mesures à court et long terme destinées à améliorer la santé fiscale du pays et une bonne performance dans certains sous-secteurs, l’économie marocaine devrait enregistrer une croissance de 5,5% en 2013.
Economic update | Mongolia: Year in Review 2012
4 Jan 2013
While Mongolia can look back on a year that began with high expectations for a steady rise in mining-generated wealth, reports of slowing growth and concerns among investors about the risk of resource nationalism cast a shadow over the second half of 2012.
Economic update | Colombia: Revisión del año 2012
3 Jan 2013
2012 ha sido un año marcado por un sólido crecimiento y por el mantenimiento de la estabilidad macroeconómica en Colombia, si bien, con el objetivo de mantener el ritmo de crecimiento en 2013, el Banco de la República se ha embarcado ahora en una serie de acciones decisivas.