Growth of workers’ remittances slowed in 2012, partly due to a high base effect, but remained a major source of income generation, accounting for more than 10% of GDP. There was some improvement in oil production and that helped in raising GDP growth to 2.2% in 2012. Agricultural, construction and services sectors also contributed to improved growth. Nevertheless, this pace of growth is still much slower than its long-term trend. Sluggish growth in the major destinations for oil exports, namely the euro zone and China, also kept growth of the economy below its potential.