Oil production stood at 2.16 million barrels a day in the last three months of 2015, lower than 2.19 million barrels a day in the previous year. As a result of lower production and falling prices, the oil sector shrank 8.28 percent year-on-year. Industrial production slumped 3.04 percent, following a 0.13 percent drop in the previous period and falling for the fourth straight quarter. Agriculture rose 3.48 percent, slightly up from a 3.46 percent gain in the previous period and services grew at a slower 3.69 percent (3.97 percent in the previous period).
Quarter-on-quarter, the GDP advanced 3.1 percent, following a 9.19 percent growth in the previous period.
Considering full 2015, the economy expanded 2.79 percent, much lower than a 6.22 percent increase in 2014. Services drove the expansion (up 4.78 percent), followed by agriculture (up 3.72 percent) while industrial output fell 2.24 percent. The oil sector shrank 5.45 percent, following a 1.32 percent drop in 2014.