One mile of Ocean Front, $1.6 Billion , One Incredible Real Estate Development.
OMAGINE INC. THROUGH ITS WHOLLY OWNED SUBSIDIARY IS A REAL-ESTATE DEVELOPMENT, ENTERTAINMENT AND HOSPITALITY COMPANY FOCUSING ON MIDDLE EASTERN DEVELOPMENT.
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Omagine > Message
Agoraa

Re: GDP Reached an Estimated $52.3 billion last year

Posted by: AGORACOM on April 14, 2008 03:36PM

In response to: Re: GDP reaching $4.2 mill... by investor123

Dear OMAG investors, a post by a member have been deleted for inaccurate information about the GDP of Oman. Please review the figures below which accurately reflect Oman’s economic activity.

Regards,

AGORACOM Investor Relations

Economy of Oman

Currency Omani Rial (RO) = 1000 baisas

Fiscal year Calendar year

Trade organizations WTO

Statistics

GDP (PPP) $52.3 billion (2007 est.) (81th)

GDP growth 8.3%

GDP per capita $19,900 (2007 est)

GDP by sector agriculture 2.6%, industry 38.8%, services 58.7% (2006 est.)

Inflation (CPI) 7%

Population

below poverty line NA

Labor force 920,000 (2002 est.)

Unemployment 15% (2004 est)

Main industries crude oil production and refining, natural and liquefied natural gas (LNG) production; construction, cement, copper, steel, chemicals, optic fiber

External

Exports $24.73 billion f.o.b. (2006 est.)

Export goods petroleum, reexports, fish, metals, textiles

Main export partners China 29.5%, South Korea 17.5%, Japan 11.5%, Thailand 10.6%, UAE 7.2% (2004)

Imports $10.19 billion f.o.b. (2006 est.)

Import goods machinery and transport equipment, manufactured goods, food, livestock,lubricants

Main import partners UAE 21.2%, Japan 16.6%, UK 8.4%, Italy 6%, Germany 5.1%, US 4.7% (2004)

Gross External Debt {{{gross external debt}}}

Public finances

Public debt 2.80% of GDP

Revenues $14.33 billion (2006 est.)

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Executive Address
Omag-drohan-ea
Frank J. Drohan
President and CEO
June 28, 2007

President and CEO Discusses Omagine Development  in an interview from Oman

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