Gross Domestic Product at Current Prices (Bn. R.O.)

Indicator Description
an economic criterion to measure any country's economy, and is widely used by economists to measure the slowdown, recovery and beyond, the Monetary capacity of the economy to deal with external factors.
Indicator Unit (ع)
مليار ريال عماني
Indicator Type
Yearly
Indicator Value
26.9
Indicator Date
2015
Theme
National Accounts
Sector
GDP

:Definition
It is the gross value of the goods and services , produced inside the country (Gross Production), minus raw materials and the other goods and services consumed during the process of production (Intermediate Consumption) within a specified period usually one year and is equal to the (value added for all resident producers.) the GDP also equals the gross Final Expenditure ( the Final Private Consumption, Gross Capital Formation, Government Final Consumption and exports of goods and services) minus imports of goods and services.
:Methodology
GDP = total production - intermediate consumption.
:Periodicity
 Quarterly & Yearly.
:Unit of Measurement
Billion Rial Omani
 :Source
Administrative records for each of: the Royal Oman Police, the Ministry of Oil and Gas, Oman Oil Company refineries and petroleum industries, Oman LNG.


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