Annual Industrial Survey 2013, Oman (Statistical Report)
Oman is a middle-income country in the Gulf region with notable oil and gas resources, a substantial trade surplus, and low inflation. As in most Gulf countries, hydrocarbons form the most important sector in Omani economy, with crude oil accounting for over 25% of GDP in real terms. This proportion is now in gradual decline as oil output has been falling sharply since 2001. With Oman’s depleting oil wealth, the role of manufacturing units and industries assumes greater importance in sustaining the country’s economy.