The size of the economy in Oman has been growing steadily however the decline of oil prices in the second half of 2014 and the belief that weaker prices will continue in 2015 is expected to slow Oman’s economic growth. The country’s fiscal breakeven oil price is forecasted to be around US$105 per barrel in 2015. The overall economy is largely state-led and with declining oil reserves, Oman is actively pursuing a development plan focused on diversification to reduce the oil sector's contribution to GDP to 9% by 2020 (hydrocarbon sector accounted for around 50% of the country’s nominal GDP in 2013). Tourism and gas-based industries are key components of the government's revenues.