Gross Domestic Product According to Central Department of Statistics and Information, GDP is projected to grow in 2008 by (22.0) percent reaching SR 1,753 (US $467.5) billions in current prices and 4.2 percent in constant 1999 prices. Oil sector is expected to grow by (34.9) percent and private sector by (8.0) percent in current prices. Private sector GDP is estimated to grow by (4.3) percent in constant prices. In particular, the non-oil industrial sector is estimated to grow by (5.4) percent; construction sector by (4.1) percent; electricity, gas and water sector by (6.3) percent; transport and communication sector by (11.4) percent; wholesale, retail, restaurants, and hotels by (4.2) percent; and finance, insurance and real estate by (2.2) per cent in constant prices. In addition, private sector contribution to GDP is expected to be (46.0) percent in constant prices. 2- General Price Level Inflation, as measured by the cost of living index, is estimated at (9.2) percent in 2008, while the non-oil GDP deflator showed an increase of (3.6) percent. --More
